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HealthifyMe raised $30M in a pre Series D funding round led by LeapFrog Investments, Khosla Ventures, FinnFund and Van Lanschot Kempen.

Apr 29, 2024over 1 year ago

Amount Raised

$30 Million

Round Type

series d

Mumbai

Investors

Van Lanschot KempenFinn FundKhosla VenturesLeap Frog Investments

Description

HealthifyMe, commonly known as Healthify, has undergone a restructuring exercise which includes laying off 150 employees to make its India business profitable and expand its presence in the US market. In the fiscal year 2023, the company reported a loss of ₹142 crore, with a revenue surge of 29% to ₹228.76 crore.

Company Information

Company

HealthifyMe

Location

Mumbai, Maharashtra, India

About

The startup will use the funds for inorganic growth by way of acquisitions. The company is targeting an annual recurring revenue (ARR) of $50 million within the next six months.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech