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Economic Times
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Healthify raises $20 million in round led by Khosla Ventures, LeapFrog Investments
- Health and wellness startup, Healthify has raised $20m in a round led by Khosla Ventures and LeapFrog Investments.
- Currently, the company offers services such as nutrition tracking as well as fitness coaching.
- The funds will help the company grow its presence, particularly in the US, and upgrade its AI capabilities.
- The round included participation from Claypond Capital, the family office of Manipal Group chairman Ranjan Pai.
- The firm has a conversational AI coach, Ria as well as a photo-based nutrition tracker, Snap and coach copilot.
- According to the co-founder and CEO Tushar Vashisht, almost 50% subscribers in India are AI subscribers.
- The firm claims to have around 40 million users and expects to become earnings before interest, taxes, depreciation and amortisation positive by the end of FY25.
- The company intends to focus on making its India business cash flow-positive by the end of this fiscal year.
- Healthify raised a total of $125m in primary equity to date and is looking to expand its B2B operations.
- The company's B2B clients include Amazon, Micro Labs and Accenture.
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