Hotline: 1800 102 2007
X
Search Business Opportunities
Nov, 19 2018

Indian health & fitness app HealthifyMe enters Malaysia

HealthifyMe has raised $6 million from Innoven Capital and existing investors.

HealthifyMe, Indian health and fitness app, has forayed into Malaysia to provide its services such as diet and fitness plans. The move is part of Bangalore-headquartered company's overseas geographic expansion into South-East Asia.

Tushar Vashisht, Co-founder and Chief Executive of HealthifyMe, said, "We will expand across southeast Asia to Singapore, Indonesia and enter the Gulf region over the next quarters."

HealthifyMe has raised $6 million from Innoven Capital and existing investors. This was an extension of the $12 million Series-B funding it raised in February this year.

The company has also hired a team of nutritionists and fitness coaches for developing personalised diet and fitness plans for its South-East Asian users.

The startup is further looking to expand its services across southeast Asia to Singapore, Indonesia and will also foray into the Gulf region over the next quarters.

Vashisht stated, "We have always seen ourselves as a global product company and have built our app in line with global standards of quality and excellence. More than 10% of our 8 million user base, 10% of our coaches & 20% of our overall revenues are already coming from international geographies."

"Our foray into southeast Asia is an effort to offer a local and curated experience to users there, providing the same level in terms of quality of coaches and technology support our users in India enjoy. We will enter more markets soon," he added.

Comment
image
Related opportunities
  • Water treatment & purification services
    About Us: do it rite ways! Internally, we keep telling ourselves to..
    Locations looking for expansion Karnataka
    Establishment year 2013
    Franchising Launch Date 2019
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 5000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Designer
    About Us: Established in 1990, Catwalk Worldwide Private Limited is India’s..
    Locations looking for expansion Delhi
    Establishment year 1990
    Franchising Launch Date 2015
    Investment size Rs. 5lac - 10lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • CAD/CAM/CAE & Multimedia
    About Us: CogniznR is a venture of Rudrabhishek Infosystem Pvt. Ltd...
    Locations looking for expansion Uttar pradesh
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 1000
    Franchise Outlets Less than 10
    Franchise Type Unit
    Headquater Noida Uttar pradesh
  • After School Activities
    About Us: Brightt kids began its journey from Pune and over..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2017
    Investment size Rs. 2lac - 5lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Pune Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities