Samsung NEXT Part of $12 Million Series B Funding For HealthifyMe
HealthifyMe, a overall health and fitness app which launched back in 2012, not long ago elevated $12 million in Collection B funding led by Sistema Asia Fund. Buyers such as Samsung Up coming, Singapore’s Atlas Asset Management, and Japan’s Aspiration Incubator participated in the funding together with current buyers.
This is Samsung NEXT’s first investment in an Indian startup and the business has unveiled a blog publish describing its investment in the Bengaluru-primarily based business. In the blog publish, Amit Garg, Principal at Samsung Up coming mentioned:
“HealthifyMe is working to address a main difficulty in India, a country the place obesity in a increasing issue. Indians are increasingly on the lookout for ways to increase their overall health, as traits around wearable gross sales and health and fitness center memberships there show”.
With the investment, HealthifyMe will broaden its functions and delve into international marketplaces such as Middle East and Southeast Asia. The business will also enhance its AI and info science abilities alongside with an enlargement of its administration group in India. What makes HealthifyMe special amid other these applications is that its calorie counter feature is ready to get the job done in accordance to Indian foods. The app has also started fitness and coaching programs in conjunction with a sequence of professionals as component of month-to-month subscriptions.
Earlier, HealthifyMe elevated $6 million in a funding led by IDG Ventures India, Inventus Capital, and Blume Ventures back in 2016. The app claims to have extra than a million energetic end users and in excess of 4 million registered end users. The business claims to gross $4.5 million in earnings on an annual basis and provides excess weight-loss programs to produce earnings.