Healthify, an AI-powered health and fitness app, has announced that it raised $20 million in fresh capital as part of a $45 million equity round.
The funding round was led by Khosla Ventures and LeapFrog Investments. The round also saw participation from new investor Claypond Capital, the family office of Dr. Ranjan Pai, reports Inc42.
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According to the company, the fresh funding will be used for global expansion, with a focus on foraying into the US market and advancing its AI capabilities.
“After delivering outcomes at scale in India with our unique blend of AI and human coaching, we’re thrilled to bring this approach to the US, the world’s largest health and fitness market,” Tushar Vashisht, Co-founder and CEO, Healthify, was quoted as saying.
“With this funding, we’re one step closer to achieving our mission of putting a high-acuity health coach in every person’s pocket,” he added.
The startup mentioned that it conducted successful alpha tests in the US and is planning a full launch in the coming months.
Healthify was founded by Vashisht in 2012 that offers a health and fitness app that utilises artificial intelligence (AI), along with recommendations from human coaches, to provide personalised food and workout solutions.
The company also offers B2B corporate wellness solutions in collaboration with diagnostics, insurance, and pharmaceutical firms.
Healthify claims to serve more than 40 million users across over 300 cities, supported by over 600 coaches.
With its latest fundraising round, the startup has now raised a total of $125 million in equity funding.
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Healthify also stated that it has achieved operational profitability in India and is on track to become EBITDA-positive by the end of fiscal year 2025.
Meanwhile, US-based Healthtech startup Suki, a technology company that provides AI voice solutions for healthcare, has raised $70 million in a new funding round led by Hedosophia, with a substantial additional investment from Venrock.