Dubai-based angel investor Neelesh Bhatnagar has invested $1 million in mobile health and fitness start-up HealthifyMe.
Founded in 2012, HealthifyMe is a fitness mobile application that uses technology and human services to target weight-loss. It had earlier raised $6 million from IDG, Inventus and Blume Ventures. (Neelesh Bhatnagar is a Dubai-based angel investor, managing director of NB Ventures, owner of the UAE Royals International Premier Tennis League, a former board member of Landmark Group and former CEO of Emax Electronics).
To see a list of angel investors from Dubai similar to Neelesh Bhatnagar, check the Middle East Investors Directory.
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Mobile health and fitness start-up HealthifyMe, run by Caeruz Ventures Pvt. Ltd, said on Wednesday that it has received $1 million in funding from Dubai-based venture capital fund, NB Ventures.
This is an additional investment to the $6 million in Series A funding that the company raised in May from IDG Ventures India, Inventus Capital and Blume Ventures.
The company will use the fresh round of funds for expanding its team and on product development.
Tushar Vashish, Co-founder & CEO, HealthifyMe, said, “Hitting 1 million users is a great validation since most of the growth has happened organically. To me, our 4.3 rating matters a lot more as it speaks of how much our customers believe in us. I hope we sustain this momentum by crossing 10 million downloads in the next 18 months.”
Neelesh Bhatnagar, said, “I am keen on investing in emerging digital first Indian startups that have the ability to expand internationally with an asset-light approach. I look forward to helping them expand to the Middle East at the right time. HealthifyMe’s growth journey has been fascinating so far.”
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