Healthify, the AI-powered health and fitness app, has recently announced that it has successfully closed a $45 million funding round. The funding was led by Khosla Ventures and LeapFrog Investments, with new participation from Claypond Capital. This latest funding includes $20 million in fresh capital, adding to an earlier investment in 2023. With this new funding, Healthify’s total primary equity is now at approximately $125 million.
The company is now focusing on expanding its reach in the U.S. market while also enhancing its AI capabilities. Healthify aims to launch its AI-powered platform in the U.S. and expand globally with the help of this new funding. With a user base of over 40 million in India, the company’s AI technology is being adapted to recognize local food items, fitness habits, and dialects, providing a personalized experience for users.
Tushar Vashisht, co-founder and CEO of Healthify, stated, “At Healthify, we’ve been working towards a world where healthy eating is celebrated, and everyone is empowered to make better choices around food and fitness, regardless of their ability to pay. After delivering successful outcomes in India with our unique blend of AI and human coaching, we are excited to bring this approach to the U.S., the world’s largest health and fitness market.” He also added that the new funding will help them in their mission of making high-quality health coaching affordable for everyone.
Healthify has been a pioneer in combining AI with human coaching to drive weight loss and behavior change, delivering one of the best outcome-to-cost ratios in the industry. A recent Stanford study has also highlighted the effectiveness of Healthify’s AI and human coach plans. The app’s innovative use of AI has also been recognized by OpenAI at a recent DevDay event.
In an exclusive interaction with AIM, Vashisht mentioned that their collaboration with OpenAI is aimed at saving 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 by 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.” This new funding will help Healthify in its mission to make health coaching accessible and affordable for everyone.
