San Francisco, U.S and Bangalore, India-based digital wellness company Urban Health raised USD 3.4 million in the latest funding. The seed round took place on August 17, 2022. 3one4 Capital led the financing for the firm. Meanwhile, Venture Highway, RB Investments, Founder Bank Capital and Disney’s Ajay Arora joined in the investment.
Purpose of Funding for Urban Health
With the latest capital infusion, Urban Health seeks to continue scaling its member base. Meanwhile, the company intends to focus on recruitment operations and product development. It aims to develop further personalization and the development of one-to-one coaching services. Besides, Urban Health plans to provide health and wellness plans for larger communities. It plans partnerships with schools and companies globally.
The company earlier raised USD 400 K in funding. Henceforth, the total funds raised by the firm now amount to USD 3.8 million.
What the co-founder has to say
Kshitij Jaggi, the co-founder at Urban Health, said, “We made a deep dive into this space and realized every customer’s journey is different, and everyone needs different kinds of assistance. This is at the heart of what we’ve built until now and where we will continue to innovate. Addressing different customer wellness needs and assisting members based on goals is key to what we do. We assist with deep insights, nudging our members to take the right actions at the right time.”
“Just five minutes of mindfulness and meditation per day can improve your life through stress relief and improved sleep. Helping users stay calm and relaxed has increased self-awareness and their sense of perspective. Urban Health brings wellness to your pocket and on the go,” he added.
What the investors have to say
Anurag Ramdasan, Partner at 3one4 capital, said, “Urban health’s adoption has taken off. Downloads are up, and consumer spending is taking off. We see a sentiment shift: globally, people are prioritizing their health and are open to investing in their personal wellness needs. Urban health has successfully scaled its reach globally, and we are delighted to support the next phase of growth.”
In addition, Neeraj Arora, Founding Partner at Venture Highway, commented, “Proud to be associated with the team since day zero, true product builders at heart. We’re committed to solving the most urgent global health problem of our times with Urban Health.”
About the company
Three Bangalore, India-based entrepreneurs, Kshitij Jaggi, Rishabh Sahu and Kumar Shivang, co-founded Urban Health in 2018.
It operates as a digital wellness company. The company provides an intelligent wellness assistant that tracks sleep, steps and mindful minutes. It leverages psychology, personal text-based health coaching, and premium recorded audio sessions to create personalized wellness plans for users. The platform allows users to de-stress, relax, and improve sleep quality and overall well-being.
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