India's health and fitness app Healthify (formerly known as HealthifyMe) has announced the successful completion of a $45 million funding round. This round was led by Khosla Ventures and LeapFrog Investments, with active participation from Claypond Capital. Healthify has secured $20 million in new capital through this funding, bringing its total equity financing to approximately $125 million.
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The primary goal of Healthify's latest funding is to expand into the U.S. market. They plan to launch an AI-based platform to attract more users globally. Notably, Healthify already has over 40 million users in India, and its AI system is finely tuned to recognize local foods, fitness habits, and dialects, providing a more personalized user experience. Co-founder and CEO Tushar Vashisht stated that their goal is to make healthy eating a widely recognized choice, enabling everyone to make better decisions about diet and fitness regardless of their economic status.
Vashisht also mentioned that the new round of funding will help them popularize high-quality health coaching services. They have been working on integrating AI with human coaches to drive better results in weight loss and behavior change. Recently, a study from Stanford University also validated the effectiveness of Healthify's AI and coaching programs.
In terms of technology, Healthify has caught the attention of OpenAI, becoming the only Indian startup featured at the OpenAI DevDay 2024 event. Vashisht stated in an interview that their collaboration with OpenAI aims to save millions of lives and to help test OpenAI's platform and technology for broader adoption.
In the Indian market, Healthify has achieved operational profitability and expects to see positive EBITDA by the end of the fiscal year. While consumer services remain the core of the company, Healthify is also actively exploring the B2B market, partnering with corporate health, diagnostics, insurance, and pharmaceutical industries to enhance overall health outcomes.
Vinod Khosla, founder of Khosla Ventures, expressed that with AI technology, everyone can have a personal nutritionist and health coach to help them make the right dietary and fitness choices daily. The success of Healthify in India now lays a solid foundation for its entry into the U.S. market.
Key Points:
🌍 Healthify secures $45 million in funding, plans to enter the U.S. market.
🤖 Combines AI with human coaches to provide personalized health management services.
💼 Achieved profitability in India, actively expanding into corporate health partnerships.
