Based in Bangalore, Karnataka, fitness and wellness startup Ultrahuman has received a fundraise of US$ 17.5 million in a Series B funding round held on August 16 2021, soaring the company’s current valuation to a total of US$ 25.1 million.
The funding bout included Alpha Wave Incubation (AWI), Steadview Capital, Utsav Somani’s iSeed fund and existing financial backers of the startup Nexus Venture Partners and Blume Ventures. A trail of angel investors witnessed the participation of Tiger Global’s Scott Shleifer, Nexus Venture Partners’ Sandeep Singhal, CRED’s Kunal Shah, Udaan’s Sujeet Kumar, Zomato’s Deepinder Goyal, Unacademy’s Gaurav Munjal, among others.
Fund Utilisation
Founded in 2019 by Mohit Kumar and Vatsal Singhal, the startup mentioned using the freshly acquired capital to enhance its biomarker technology for geographical expansion.
The company calls the metabolic health crisis as one of today’s most significant healthcare crises contributing to almost 85% of chronic diseases and holds nearly a billion victims and more. “Metabolic disorders contribute to almost 85 percent of all chronic diseases in the world,” the company said in a statement.
Ultrahuman strives to help people understand how food and exercise affect their metabolic health and encourage them to make knowledgeable choices about their health and activity levels. The company says it to be a geographic or diet-agnostic way of helping people by promoting a healthy and sustainable lifestyle.
What the CEO has to say
Founder and Chief Executive Officer (CEO) of Ultrahuman, Mohit Kumar, remarked in the latest investment, “Biomarkers will change how the fitness and the healthcare industry works. By being able to monitor their biomarkers like glucose continuously, users can not only avoid chronic diseases but make lifestyle changes that help them improve their fitness levels for longevity and performance.”
What the Investors have to say
Co-founder, Falcon Edge Capital, Navroz D. Udwadia, said, “We are excited to partner with Mohit and Vatsal, founders of Ultrahuman. We believe they can transform the way people view personal wellness globally. Their thoughtfulness around UI / design and consumer experience is inspiring. We are thrilled to back what could be a pioneering biomarker-driven global healthcare business. Their dual obsessiveness around product engineering and customer experience is already showing results in terms of product-market fit and retention,”
“Mohit and team have taken their personal fitness journeys and translated them to a world-class product and experience in just over a year. We expect Ultrahuman to help shape how health is proactively monitored across global audiences, “said Karthik Reddy, founder of Blume Ventures.
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