Health and fitness platform, HealthifyMe has raised funding of $12 million from Sistema Asia Fund, Samsung NEXT and others.
The round of funding saw participation from Singapore based Atlas Management, Japan's Dream Incubator, in addition to existing investors IDG Ventures, Inventus Capital, Blume Ventures, NB Ventures.
“We want to help millions of consumers achieve their goals by engaging with nutritionists and other health experts empowered with AI. "Ria" our AI nutritionist that we introduced last quarter will have a game changing effect on fitness and nutrition access to Indians,” Tushar Vashisht, CEO at HealthifyMe said.
The funding will be used to strengthen its AI capabilities, expand its India offerings and to launch in other emerging markets, according to Tushar Vashisht, CEO, HealthifyMe.
With this investment, Samsung NEXT has made its first investment in India.