Last year it had raised an undisclosed amount in pre-Series A funding from a group angel investors and Micromax.
“Led by Tushar’s exceptional leadership and entrepreneurial zeal, HealthifyMe has demonstrated consistent strong growth over a period of time. Despite the overhang of a tough market, the company has focused very sharply on unit economics and on creating an asset-light model of delivery,” said Karan Mohla, executive director, IDG Ventures India.
HealthifyMe plans to use the money for its technology and products.
“We liked their drive, energy and the deep domain expertise they’ve acquired. We believe Healthifyme is poised to impact millions of Indians, becoming their ‘daily health app’ and helping them stay healthy and fit,” said Sanjay Nath, co-founder & MD, Blume Ventures.
“HealthifyMe has strong engineering and product ethos. It is leading innovation in the space in India and the feedback we got from customers and corporate partners was extremely positive,” said Rutvik, director, Inventus Capital.
Founded in 2012 by Tushar Vashisht, Sachin Shenoy, Mathew Cherian, HealthifyMe was incubated by Microsoft Ventures accelerator.
It had raised $250,000 in angel funding from Rajesh Mushroowala, board member of Sytel and AngelPrime; Srini Koppulu, Hyderabad Angels; Arun Seth, former chairman of Alcatel-Lucent India; Kunal Bajaj, former board member, One97 Communications; Sashi Reddi, owner, Sri Capital, and other unnamed investors in 2012.
HealthifyMe app enables users to keep a track of their calories, set personal fitness goals and measure progress.