Healthify Secures $45 Mn Funding to Drive US Market Expansion

The latest financing adds to Healthify’s 2023 capital raise, bringing its total equity funding to $125 million.

Healthify, an AI-driven health and fitness platform, has closed a $45 million funding round led by existing backers Khosla Ventures and LeapFrog Investments, with new participation from Claypond Capital.

The funding will support Healthify’s US market entry and bolster technology upgrades, marking a major step for the company as it expands beyond India.

Founded in 2012 by Tushar Vashisht, Mathew Cherian, and Sachin Shenoy, Healthify is a digital platform that aims to guide users towards a healthier lifestyle by providing personalized diet and workout plans.

Its core features include AI Coach Ria, a personalized AI health coach, HealthifySnap for meal tracking, and seamless integration with wearable technology for fitness tracking.

The latest financing adds to Healthify’s 2023 capital raise, bringing its total equity funding to $125 million.

Healthify, formerly HealthifyMe, has grown significantly in India and now aims to apply its blend of AI and human coaching to the US, the largest global market for health and fitness solutions.

“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 U.S., the world’s largest health and fitness market,” said Tushar Vashisht, Healthify’s co-founder and CEO.

The company is currently refining its AI models to cater to different cultures, languages, and health preferences across its markets, ensuring it meets the distinct needs of US users.

“AI has the potential to exponentially improve health outcomes, and Healthify has already proven that in India at scale,” said Dr Ranjan Pai from Claypond Capital.

Vinod Khosla, founder of Khosla Ventures, highlighted Healthify’s success in India as a promising indicator of the company’s future performance in the U.S. market, adding, “Healthify is well-positioned to bring their offering to the United States.”

LeapFrog Investments’ partner Biju Mohandas emphasized the potential of Healthify’s AI models to “supercharge” growth and “touch a billion lives” through increased access to personalized health coaching.

The startup also reported that its India operations have reached operational profitability and are on track to become EBITDA-positive by FY25, signaling steady financial progress.

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