India-based mobile fitness app startup HealthifyMe has received US$1 million in fresh funding from Neelesh Bhatnagar, an investor based in Dubai and Founder of NB Ventures.
The capital infusion will be used to hire top leadership and invest in product and tech innovation.
This is HealthifyMe’s second round of funding in 2016. Earlier this year, the startup raised US$6 million from IDG, Inventus Capital and Blume Ventures.
Started in 2012 by Tushar Vashisht, Sachin Shenoy and Mathew Cherian, HealthifyMe is a mobile health/fitness company that delivers measurable results on eating habits, fitness, and weight. It works with corporates and healthcare partners in India.
The app has a huge database of Indian foods and syncs with all leading wearables, including Fitbit, YuFit, MiBand, besides its own fitness band RIST. As part of its subscription services, HealthifyMe connects users with elite nutritionists and trainers who review their progress, provide diet/fitness plans and work with the users to help them achieve their weight and fitness goals.
Incubated at Microsoft Accelerator, the startup claims to have 1 million users with over 150 coaches.
With over 200 employees, it has physical presence in Bangalore, Delhi, Mumbai and Chennai.
NB Ventures is a VC fund created by Neelesh Bhatnagar to invest family wealth in Indian and Middle East Startups. The vision is to invest in Indian companies which can then be brought to Dubai and Middle East and North Africa (MENA) region.