Fitterfly has raised $12 million in series A funding.

Fitterfly, a Mumbai-based health tech business, would utilize the funding to strengthen its technological stack and branding, as well as expand the scope of its diabetes management digital therapies program.

Fitterfly, a health tech startup, raised $12 million in a Series A round led by Amazon Smbhav Venture Fund and Fireside Ventures.

This follows a $3.1 million pre-Series A financing launched in April of last year. The current round brings the startup's total funding to $16.6 million to date. 

The round was also attended by 9 Unicorns, Venture Catalysts, Nihar Parikh of 4point0 Health Ventures, and Sriram Natarajan of Molbio.

The funding will be used by the Mumbai-based business to strengthen its technological stack and branding, as well as expand the scope of its diabetes management digital therapies program, Diabefly.

"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," said Dr. Arbinder Singal, Fitterfly's CEO and Co-Founder.

"We want to provide our clinically proven diabetes and weight control approach to the individuals who need it the most," he continued.

Fitterfly, created in 2016 by Dr. Arbinder Singal and Shailesh Gupta, provides individualized digital treatment programs to provide health results for diabetes, pregnancy, PCOS, and obesity.

According to the business, it has handled over 20,000 patients with a 360-degree care strategy and professionally recommended therapy by over 200 doctors throughout India.

"I've known Arbinder for over a decade, and his expertise as a doctor and serial entrepreneur is tremendously valuable for establishing an influential global firm," said Kanwaljit Singh, Fireside Ventures' Founder and Managing Partner.

This is Amazon Smbhav Venture Fund's first investment in Indian health tech. Amazon has created a $250 million small company fund.

 

Tags : #fitterfly #aseriesfunding #AmazonSmbhavVentureFunds #9Unicorns #Venture #4point0Health #Fundingalert #funding

Related Stories

Loading Please wait...

-Advertisements-




Trending Now

Surviving Against the Odds: Steven Spinale's Journey After an Ingrown Hair Turns DeadlyMarch 29, 2024
10 reasons why media research and Planning are essential in Healthcare marketingMarch 29, 2024
The Surprising Link Between Sleep and Age Perception: What You Need to KnowMarch 29, 2024
The Dark Side of Beauty: Kidney Damage from Hair Straightening TreatmentsMarch 29, 2024
The Dark Side of Beauty: Kidney Damage from Hair Straightening TreatmentsMarch 29, 2024
Avance Clinical at World Vaccine Congress to Share Latest Vaccine Clinical Trial News Including an HIV-1 StudyMarch 29, 2024
Sexual wellness superstore, Love Depot launches digital campaign to deliver every desireMarch 28, 2024
Recharge Your Life: Simple Ways to Boost Your Physical and Mental EnergyMarch 28, 2024
The Neurological Toll of Common Household Chemicals: Insights from Recent ResearchMarch 28, 2024
The Aging Puzzle: Decoding the Mechanisms of AgingMarch 28, 2024
The Double-Edged Sword of Kala-azar Treatment: Shedding Light on Eye ComplicationsMarch 28, 2024
FTCCI Launches Industry-Academia Connect to improve the employability of Engineering Graduates and address the growing demand for Talent in Emerging TechMarch 27, 2024
NTT and Olympus Begin World's First Joint Demonstration Experiment of Cloud Endoscopy SystemMarch 27, 2024
NTT and Olympus Begin World's First Joint Demonstration Experiment of Cloud Endoscopy SystemMarch 27, 2024
2nd Edition of IIFL JITO Ahimsa Run for peace & for non-violence to be held on 31st MarchMarch 27, 2024
Brij Hotels Announced 4 Million in Series A Funding March 27, 2024
Combatting Childhood Sedentariness: The Key to Preventing Premature Vascular DamageMarch 27, 2024
Crucial Findings: Unlocking Paths to Combat Ebola's DevastationMarch 27, 2024
Guarding Against Disease: The Crucial Role of Oral Hygiene in Preventive HealthcareMarch 27, 2024
Sanofi & Cipla announce exclusive distribution partnership to expand reach of CNS portfolio in IndiaMarch 26, 2024