HealthifyMe raises second round of funding, will establish global HQ in Singapore

Thursday June 18, 2015 , 3 min Read

HealthifyMe, the mobile fitness and weight loss program has announced their second round of funding from angel investors comprising of Gopal Srinivasan (TVS Capital), Sashi Reddi (AppLabs), Amit Gupta (InMobi), Pallav Nadhani (FusionCharts) and Dr Roopa Nath, among others. This round comes close on the heel of their earlier round of funding that they had recently raised from Micromax.

In an effort to establish their global footprint, HealthifyMe is establishing their global head-quarters in Singapore. They intend to use the funds for growth and are planning to hire more than 1,000 nutritionists and fitness trainers. HealthifyMe also plans to introduce several low cost plans among and will include in-app real-time access to nutritionists, trainers, yoga instructors who work digitally with the user on their personal fitness and weight loss objectives. Users will get diet plans, workout plans, access to an online support community as part of the new structures that will be offered.

HealthifyMe was founded by Tushar Vashist and Sachin Shenoy, with the aim of providing a fun and creative mobile and web solution to simplify healthy living. Tushar, the CEO stated

We are on a mission to HealthifyIndia. I am glad to have received support from investors who believe in our mission. With this funding, we are going to democratise healthy living – providing fitness and weight loss at a fraction of market value, while simultaneously providing employment to hundreds of nutritionists and trainers.

The app allows customers to keep a track of their diet and workout progress and has been built with the Indian audience in mind . They are also working in partnership with health institutes such as Medanta, Apollo and Manipal, where the app has been used in treating and preventing clinical obesity, diabetes, cardiovascular problems and other lifestyle diseases.

Gopal Srinivasan, Chairman & MD of TVS Capital Funds Ltd. believes that HealthifyMe, and it's entrepreneurial energy sources Tushar, are harnessing outstanding tech abilities to make SwasthBharat a reality via their app and services package. Their talent brings data on our foods in rich detail and accuracy to our mobile screens, backed by their team of dietetics and nutritionists.

With Indians becoming more health conscious, there have been many startups in this sector that are helping people eat healthier, guiding them through their workouts and also tracking their daily activity. Suhasini and Anindita Sampat Kumar started Yoga bars to help people eat healthier; Gaurav Jaswal and Gul Panag started MobieFit and launched FirstRun to guide people to take up running, There are many startups who provide fitness trackers and virtual coaches such as Vishal Gondal's GOQii, Orobind, FitHo, GetActive etc. Xiaomi too has a fitness tracker called the Mi band.