Bangalore-based Caeruz Ventures Pvt. Ltd. owned HealthifyMe, the mobile fitness and weight loss app, has announced their second round of funding. The funding received from angel investors come close on the heels of the recent Micromax investment in the company.
The second round of funding has been raised from angel investors comprising of Gopal Srinivasan (TVS Capital), Sashi Reddi (AppLabs), Amit Gupta (InMobi), Pallav Nadhani (FusionCharts) and Dr Roopa Nath, among others.
HealthifyMe intends to use the funds for growth and is planning to hire more than 1,000 nutritionists and fitness trainers. With this funding, HealthifyMe also plans 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.
Tushar Vashist, CEO and Co-founder, HealthifyMe, 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."
In a significant move, HealthifyMe will now establish their global head-quarters in Singapore, thus signalling the first step the company makes towards establishing a global footprint.
Gopal Srinivasan, Chairman & MD of TVS Capital Funds Ltd., said, "It is a time when Young entrepreneurs are changing the face of Digital India. HealthifyMe, and it's entrepreneurial energy sources Tushar, are harnessing outstanding tech abilities to make Swasth Bharat a reality via their superb app and services package. Their exceptional talent is only exceeded by their Indianness, bringing data on our foods in rich detail and accuracy to our mobile screens, backed by their super team of dietetics and nutritionists. I am delighted to have had the opportunity to support this A team, and I am sure they will help hundreds of million Indians find happiness through good health."
HealthifyMe's award winning app allows customers to keep a track of their diet and workout progress, anytime and anywhere. Built for the Indian customer, HealthifyMe provides access to the world's first and largest Indian food database, a sophisticated calorie counter for regional foods and a thorough exercise tracker for logging in physical activities.
HealthifyMe also works in partnership with health institutes such as Medanta, Apollo and Manipal, where the app has been proven effective in treating and preventing clinical obesity, diabetes, cardiovascular problems and other lifestyle diseases.
