HealthifyMe raises $1 million funding from Dubai based NB Ventures

HealthifyMe, a mobile health and fitness startup owned by Caeruz Ventures Pvt. Ltd., has received $1 million funding from Dubai based venture capital fund NB Ventures. It is in addition to the $6 million Series A funding it received in May from IDG Ventures India, Inventus Capital and Blume Ventures.

Founded in 2012 by Tushar Vashisht, Sachin Shenoy and Mathew Cherian, HealthifyMe is a fitness mobile application that uses technology and human services to target weight-loss and claims that its programs are effective in the prevention of lifestyle diseases such as diabetes and hypertension. The firm plans to use the fresh round of funds on product development and expanding its current team.

The company monetizes its business by offering weight-loss programs—in which users can connect with over 150 nutritionists and fitness coaches for online consultations. It has a registered user base of 1 million and is growing at 20% month on month. The startup is also planning to expand in overseas markets including the Middle East and Southeast Asia in 2017.