Healthtech startup Fitterfly raises $12 million in Series A funding round led by Amazon Smbhav Venture Fund

• ByStartupStory     |    July 20, 2022

Fitterfly, a healthtech startup working in the field of computerized wellbeing and therapeutics, on Wednesday claimed that it has secured $12 million up in Series A fundingg round driven by Amazon Smbhav Venture Fund and Fireside Ventures. The co-financial backers in this round include 9 Unicorns, Venture Catalysts and Nihar Parikh, Founder of 4point0 Health Ventures, and Sriram Natarajan, Founder of Molbio.

The amount gathered will be utilized to expand Diabefly’s range, their computerized therapeutics and clinically-demonstrated program to forestall, oversee and invert diabetes. It will likewise be utilized to improve Fitterfly’s innovation stack to give one of a kind clinical experiences.

Dr Arbinder Singal, CEO and co-founder, Fitterfly, said that, “We want to take our clinically-proven diabetes and weight management system to the people who need it the most. This funding will help us strengthen our research, launch new verticals in the heart health space and grow our customer base by reaching out to people living with diabetes as well as the universe of doctors and organizations in the field of chronic disease management. Our corporate wellness models are pushing the envelope from ‘tick-mark-based bundling’ to an ‘outcome-based approach’.”

With a development of computerized helpful projects on offer, Fitterfly champions a high level methodology for controlling diabetes by zeroing in on customized glycemic reaction based training. It is additionally the main Indian startup to have introduced 5 papers about diabetes at the American Diabetes Association Conference in 2022. Fitterfly has a sum of 50+ papers distributed at various worldwide and public gatherings by the International Diabetes Federation, American Association of Clinical Endocrinologists, US Endo, European Congress, RSSDI, and so forth.

An Amazon Smbhav Venture Fund Spokesperson stated, “We launched the $250 million Amazon Smbhav Venture Fund in April last year to invest in early-stage entrepreneurs and tech start-ups. Amongst others, one of the key focus areas for the fund is healthcare. Led by Arbinder Singal and Shailesh Gupta, the team at Fitterfly is doing some inspiring work to create clinically-validated digital therapeutic solutions. We are excited by their mission of using technology to solve some of the most prevalent healthcare issues in India like diabetes, obesity and heart disease. Their value proposition, potential for large scale impact and clinical validation is exciting for us,” 

About Fitterfly: 

Fitterfly provides award-winning, clinically-validated, personalized digital therapeutic programs that really work. If one is trying to lose that stubborn weight, prevent or manage type 2 diabetes, they’re here for you.  It was founded & run by a team of Doctors, Engineers & Senior Nutritionists. Founded in 2016 by Singal and Shailesh Gupta, Fitterfly has over 200 employees and is situated in Navi Mumbai.

Follow Startup Story