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Chennai: AI-powered well being and health app HealthifyMe has raised $30 million in a pre-Sequence D funding spherical led by marquee traders LeapFrog Investments and Khosla Ventures together with Finnish improvement financier FinnFund and Dutch funding agency Van Lanschot Kempen.
Present traders Unilever Ventures, Chiratae Ventures, Blume Ventures and HealthQuad additionally participated within the spherical that additionally included a portion of enterprise debt. Together with this spherical, HealthifyMe has raised $130 million until date, and its final funding spherical was in 2021.
The corporate didn’t disclose the valuation, however TOI has learnt that the spherical has been raised as a convertible be aware pegged to the subsequent spherical and thus with out setting valuations. The convertible be aware mannequin has emerged as a well-liked financing instrument amongst startups and traders globally given the specter of elevating funds at decreased valuations.
The digital wellness platform goals at utilizing the funding in the direction of advancing the corporate’s AI capabilities, buying top-tier know-how expertise and for international enlargement. HealthifyMe is working to reinforce the capabilities of “Ria”, its AI-powered digital nutritionist, utilizing generative AI. It is usually retrofitting its coach going through system with Generative AI to create personalised diet recommendation and enhance productiveness of their nutritionists & trainers.
With a person base of over 35 million, HealthifyMe says it’s on monitor to attain $50 million in annual recurring income (ARR) within the upcoming months. Its customers have collectively misplaced over 30 million kilos of weight, tracked billions of meals and burned over 66 billion energy up to now.
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