HealthifyMe, India’s AI health and fitness app has announced that it has raised USD 75 million in a Series C round led by LeapFrog and Khosla Ventures. HealthQuad, Unilever Ventures, and Elm (Saudi Arabia PIF entity) also participated in the round along with existing investors Chiratae Ventures, Inventus Capital and Sistema Asia Capital. It takes…
The Covid pandemic has hit the fitness industry with an axe. Gymnasiums, along with spas and salons, were the first ones to close when lockdown was first announced. Some of them have shifted their business online while others had to shut down.
The sector is witnessing growth at a very fast pace, leading to new and emerging businesses and job opportunities in the sector. The opportunities are not in the form of traditional gym instructors, or beauty and spa attendants but also as software developers and tech professionals considering the coming up of tech ventures to support the industry. Emerging companies like Curefit, HealthifyMe and FitMeIn have seen serious funding and growth in the sector, and this is just the beginning.
India- and US-based firm, Inventus Capital Partners, has announced the final close of its third fund at $51.98 Mn. Inventus Capital raised its first fund of $51 million in 2009 and the second one closed with commitments of $106 million in January 2014, both of which had a focus on US and India. The fund…