Samsung NEXT Part of $12 Million Series B Funding For HealthifyMe

HealthifyMe, a health and fitness app which launched back in 2012, recently raised $12 million in Series B funding led past Sistema Asia Fund. Investors including Samsung NEXT, Singapore's Atlas Asset Direction, and Japan'south Dream Incubator participated in the funding alongside existing investors.

This is Samsung Next'south first investment in an Indian startup and the company has released a blog mail explaining its investment in the Bengaluru-based visitor. In the blog mail, Amit Garg, Principal at Samsung Next said:

"HealthifyMe is working to solve a major problem in India, a country where obesity in a growing business organization. Indians are increasingly looking for ways to better their health, equally trends around wearable sales and gym memberships there show".

With the investment, HealthifyMe will aggrandize its operations and delve into international markets including Middle East and Southeast Asia. The company will likewise upgrade its AI and data scientific discipline capabilities along with an expansion of its direction team in Republic of india. What makes HealthifyMe unique among other such apps is that its calorie counter feature is able to work according to Indian meals. The app has besides started fitness and grooming programs in conjunction with a series of experts as function of monthly subscriptions.

Samsung NEXT Part of $12 Million Series B Funding For HealthifyMe

Previously, HealthifyMe raised $6 million in a funding led by IDG Ventures India, Inventus Capital, and Blume Ventures back in 2016. The app claims to have more than a 1000000 active users and over 4 1000000 registered users. The company claims to gross $4.v million in revenue on an almanac basis and offers weight-loss programs to generate acquirement.