Fitterfly is a Healthtech startup that has raised $12 million in a Series A round. This fresh funding round was backed by Amazon Sambhava Venture Fund and Fireside Ventures.
There are many organizations that have participated in the round. Some of the companies are 9 Unicorns, Venture Catalysts, Nihar Parikh of 4point0 Health Ventures, and Sriram Natarajan of Molbio.
Fitterfly is a Mumbai-based startup. Fitterfly is planning to utilize the fresh funding capital in the following ways:
- To enhance its technology stack and branding, and
- Improvise the reach of its diabetes management digital therapeutics program Diabefly.
Fitterfly was founded by Dr. Arbinder Singal and Shailesh Gupta in the year 2016.the company facilitates personalized digital therapeutics programs for various serious diseases like diabetes, pregnancy, PCOS, and obesity to deliver healthy solutions.
The startup claimed that it has managed over 20,000 patients till now through a 360-degree care approach and clinically prescribed therapy by more than 200 doctors across India.
Amazon had announced a $250 million fund in order to support small businesses. This is Amazon Sambhav Venture Fund’s first health tech investment in India.
EXECUTIVE OPINION:
“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, CEO, and Co-Founder, Fitterfly.
“We want to take our clinically-proven diabetes and weight management system to the people who need it the most,” he added.
“I have known Arbinder for more than a decade and his experience as a doctor and a serial entrepreneur is very meaningful for building an impactful global company,” said Kanwaljit Singh, Founder and Managing Partner, Fireside Ventures.
