HealthifyMe raises US$75 million in Series C
The story: HealthyifyMe, an AI health and fitness startup, has raised US$75 million in a Series C round, bringing its total raised to US$100 million.
Investors: LeapFrog (lead), Khosla Ventures (lead), HeathQuad, Unilever Ventures, Elm (Saudi Arabia PIF entity), Chiratae Ventures, Inventus Capital, and Sistema Asia Capital.
What the funding will be used for: Product enhancement, expansion in Southeast Asia and India, and North America, and acquisition of relevant companies in the digital health and fitness space.
About HealthifyMe: Founded in India in 2012 and headquartered in Singapore, HealthifyMe is a one-stop digital health and fitness platform that provides personalised solutions to help users achieve their fitness and nutrition goals.
It offers localised health content, calorie tracking, meal plans, fitness workouts, and health advice – powered by a team of online nutritionists, personal trainers, and an artificial intelligence fitness coach.
More about the story: The company claims to have crossed 25 million app downloads recently and is on track to hit US$50 million annual recurring revenue within the next six months.
“I have been tracking HealthifyMe for a few years now. What they have achieved in India with their AI coaching solution at scale is truly pioneering for health and fitness globally. We are excited about the potential as they scale globally – specifically in North America, where two out three adults are overweight or obese,” said Vinod Khosla, Founding Partner at Khosla Ventures.
Thunes acquires European payments platform Limonetik
The story: Singapore’s B2B cross-border payments company Thunes has announced the acquisition of the European payments platform Limonetik.
More about the story: Thunes Cross-Border Payments will be integrated into Limonetik payments allowing businesses to get paid in 70 countries, using over 285 local payment methods such as mobile wallets, payment by installments (BNPL), QR code payments, and more.
The solution will be known as Thunes Collections.
“Limonetik has been driving the transformation of collections with its platform-as-a-service (PaaS) model, while Thunes possesses a powerful global payments network. We are incredibly excited to extend our combined payments and collections solutions across the world,” said Christophe Bourbier, founder of Limonetik.
Youtube to acquire Indian social commerce startup simsim
The story: Google-owned video-sharing platform YouTube has announced its plans to acquire Indian social commerce startup simsim. The terms of the deal remain undisclosed.
The reason: According to Gautam Anand, vice president for YouTube APAC, this move will allow viewers to buy products from Indian retailers which will, in turn, help small businesses and retailers in India reach new customers in even more powerful ways.
About simsim: Launched in July 2019 by Amit Bagaria, Kunal Suri, and Saurabh Vashishtha, simsim allows creators to post video reviews about products from local businesses in three regional languages in India—and allows viewers to buy those products directly through the app.
More about the story: “There will be no immediate changes to simsim, the app will continue operating independently while we work on ways to showcase simsim offers to YouTube viewers,” the company stated in a blog post.
Taiwan’s Kdan Mobile Software raises US$16M Series B
The story: Kdan Mobile Software (Kdan) has raised $16M in a Series B funding round.
Investors: Dattoz Partners (lead), WI Harper Group, Taiwania Capital, and Golden Asia Fund Mitsubishi UFJ Capital.
What the funding will be used for: To further develop Kdan’s enterprise offerings and for expansion.
About Kdan Mobile Software: Founded in 2009, Kdan is a SaaS company that designs and provides cloud-based productivity and content creation solutions for desktop, web, and mobile environments.
More about the story: According to the company, Dattoz Partners will take a seat on the Kdan Mobile Board to help guide the company in its expansion goals.
“We see tremendous growth in the market for software and solutions that empower the post-pandemic hybrid workforce. Kdan’s powerful product suite and the leadership team’s ability to execute have led to its strong momentum in several key markets, including the U.S. and Asia markets,” said Yeon Su Kim, Dattoz Partners’ CEO.
Image Credit: HealthifyMe
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