Mobile fitness and weight loss app, HealthifyMe has raised undisclosed amount of funding in second round. The latest round of funding was backed by angel investors including Gopal Srinivasan (TVS Capital), Sashi Reddi (AppLabs), Amit Gupta (InMobi), Pallav Nadhani (FusionCharts) and Dr Roopa Nath, among others.
Prior to this, HealthifyMe mobile fitness app had secured a funding from Micromax last month when the smartphone maker announced its plans to invest $400 million in atleast 20 start-ups. HealthifyMe is foraying into global markets by establishing their head-quarters in Singapore,
The app intends to use the funds for growth and is planning to hire more than 1,000 nutritionists and fitness trainers. In addition, it is looking forward to introduce several low cost plans among other offerings. These plans will include in-app real-time access to nutritionists or trainers or 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 and much more as part of the new structures that will be offered.
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. ”
said Tushar Vashist , CEO and co-founder , HealthifyMe in a statement.
Health and fitness focused apps are gaining popularity thanks to increasing wearable devices. These apps measure heart rate, blood pressure, glucose and other bodily functions. Simultaneously, Google, Apple and Samsung have launched platforms that make it easier to integrate medical and health services. An analysis by the global consultancy Deloitte last year suggested that smart glasses, fitness bands and watches, will generate over $3 billion and that the number of devices will hit 170 million by 2017.