Healthify Raises $20 Million in New Capital, Raising Total Equity to $125 Million
AI-powered health and fitness app, Healthify (formerly HealthifyMe), announced on October 25 that it has closed a $45 million funding round, led by Khosla Ventures and LeapFrog Investments, and with new participation from Claypond Capital. This latest funding includes $20 million in fresh capital, adding to an earlier investment in 2023. Healthify’s total primary equity is now at approximately $125 million. The company is focusing on U.S. expansion while enhancing its AI capabilities. Eyeing Global Expansion With the new funding, Healthify is preparing to launch its AI-powered platform in the U.S., aiming for a broader global reach. With a user base of over 40 million in India, the company’s AI is being adapted to recognize local food items, fitness habits, and dialects, ensuring a personalised experience for users, it claimed. Co-founder and CEO Tushar Vashisht said, “At Healthify, we’ve been building towards a world where healthy eating is celebrated, and where everyone is empowered to make better choices around food and fitness—regardless of their ability to pay. 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.” He added that the new funding will aid their mission of making a high-acuity health coach affordable for everyone. The company has been a pioneer in combining AI with human coaching to drive weight loss and behaviour change, delivering one of the best outcome-to-cost ratios in the industry. A Stanford study recently highlighted the effectiveness of Healthify’s AI & Human Coach plans. OpenAI has also recognized the app’s innovative use of AI at a recent DevDay event. In an exclusive interaction with AIM, Vashisht said that the collaboration with OpenAI is to save millions of lives in a year. “We help test OpenAI’s platform and technologies at scale,” he said. In India, Healthify has achieved operational profitability and is on track to become EBITDA-positive by the end of the fiscal year. While consumer services remain the core of its business, the company is also pursuing a B2B strategy, focusing on corporate wellness partnerships and collaborations with the diagnostics, insurance, and pharmaceutical sectors to scale health outcomes. Vinod Khosla, founder of Khosla Ventures, commented, “With AI, everyone can have a personal nutritionist and health coach to make the right diet and fitness choices daily. Healthify is already doing this in India, and they are now well-positioned to bring their offering to the U.S.”
Healthify was the only Indian startup to be featured at OpenAI’s DevDay 2024.
Healthify was the only Indian startup to be featured at OpenAI’s DevDay 2024.
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As a rare blend of engineering, MBA, and journalism degree, Vandana Nair brings a unique combination of technical know-how, business acumen, and storytelling skills to the table. Her insatiable curiosity for all things startups, businesses, and AI technologies ensures that there's always a fresh and insightful perspective to her reporting. She now hosts her tech segment 'Point Break' on AIM Tv.