Healthify, the health and fitness platform formerly known as HealthifyMe, has raised $20 million in fresh capital as part of a $45 million equity funding round. This funding round was led by Khosla Ventures and LeapFrog Investments, with new participation from Claypond Capital, the family office of Indian healthcare billionaire and Manipal Group chairman Dr. Ranjan Pai.
The new $20 million adds to an earlier tranche raised in 2023. In June 2023, Healthify raised $30 million in a pre-Series D round including $5 million in venture debt. The current funding brings its total equity financing to $125 million.
The fresh capital will be used for global expansion, with a focus on foraying into the US market and enhancing its AI-driven nutrition and fitness coaching capabilities.
Previously, Healthify has raised $75 million in Series C funding in July 2021 from Khosla Ventures, LeapFrog Investments, Sistema Asia Fund, and Chiratae Ventures.
Tushar Vashisht, Healthify’s Co-founder and CEO, stated, “At Healthify, we’ve been building towards a world where healthy eating is celebrated and accessible to all. After achieving scale in India with our unique blend of AI and human coaching, we’re excited to bring this approach to the US. With this funding, we’re one step closer to putting a high-acuity health coach in every person’s pocket.”
Commenting on the investment, Vinod Khosla, founder, Khosla Ventures, said, “With AI, everyone can have a personal nutritionist and health coach to make the right diet and fitness choices on a daily basis. Healthify is already doing this in India, one of the world’s largest consumer markets, and they are now well positioned to bring their offering to the United States.”
Ranjan Pai, Claypond Capital added, “AI has the potential to exponentially improve health outcomes. Healthify has proven that in India at scale and I wish them all the best as they go global.”
“Healthify has been pioneering the use of AI since 2017 and continues to lead the field in leveraging AI to amplify the impact of its coaches and create better health outcomes for its users. We are thrilled to back the company in this round, to seize the potential of newer and more powerful AI models, which can supercharge their growth and bring them closer to their ambition of touching a billion lives,” said Biju Mohandas, LeapFrog Investments.
Founded by Tushar Vashisht, Sachin Shenoy, and Mathew Cherian, Healthify combines artificial intelligence (AI) with human expertise to deliver personalised health solutions. Healthify offers services such as nutrition and calorie tracking as well as fitness coaching. Healthify uses a combination of software, wearable devices, and fitness trainers to help people reach their fitness goals.
The platform currently caters to 40 million users across 300+ cities, along with a network of more than 600 coaches to offer personalised guidance on nutrition, fitness, and overall wellness.
In addition to its consumer app, Healthify has a B2B division focused on corporate wellness. It has forged partnerships in diagnostics, insurance, and pharmaceuticals, aiming to drive health outcomes on a larger scale.
Healthify said its India operations have achieved operational profitability, and the company is on track to become EBITDA-positive by the end of the fiscal year. While consumer business remains Healthify’s core– it has a robust B2B strategy to drive growth.
