Health and fitness organization HealthifyMe has raised $75 million in its Series C funding round drove by LeapFrog and Khosla Ventures. HealthQuad, Unilever Ventures, and Elm (Saudi Arabia PIF element) likewise took part in the round alongside existing financial backers Chiratae Ventures, Inventus Capital and Sistema Asia Capital.
This takes the complete capital raised by HealthifyMe to more than $100 million to date. The Bengaluru-based firm had shut its $18 million Series B round in November 2018.
HealthifyMe will utilize the assets to grow in India and Southeast Asia, North America, just as to acquire relevant companies in the computerized wellbeing and wellness space, said the organization in an explanation. The organization will likewise expand initiative across a few offices.
HealthifyMe didn’t reveal its valuation, nonetheless, sources mindful of the arrangement gauge it in the scope of $500-600 million (post-cash).
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Dispatched by Tushar Vashisht, Sachin Shenoy and Mathew Cherian in 2012, HealthifyMe utilizes a blend of programming, wearable gadgets, and wellness mentors to assist with peopling arrive at their wellness objectives. It professes to be utilized by more than 25 million clients and has 1,500 mentors across India and Southeast Asia.
To drive commitment during the Covid pandemic, the organization additionally dispatched HealthifyStudio last year which offers live gathering exercise meetings. HealthifyMe significantly contends with Tata Digital-claimed CureFit and GOQii while streaming stages, for example, Disney+ Hotstar and YouTubers are its backhanded rivalry.
HealthifyMe marks quite possibly the main interests in India for Khosla Ventures which has more than $5 billion resources under administration or AUM. While HealthifyMe is a development stage startup, the Menlo Park-based financial backer had as of late drove a $5.2 million round in Hyderabad-based Good Health Clinic.