Health technology startup Ultrahuman has raised $17.5 million in a series B funding round backed by Alpha Wave Incubation (AWI), Steadview Capital, and existing backers Nexus Venture Partners, Blume Ventures, and Utsav Somani’s iSeed fund. Marquee founders and angel investors also participated including Tiger Global’s Scott Schleifer, Sandeep Singhal, Kunal Shah, Sujeet Kumar, Deepinder Goyal, Gunjan Patidar, Gaurav Munjal, Revant Bhate, Mohit Gupta, Vikram Dhingra, and Roman Saini.
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The new funding brings the total funds raised so far to $25 million. The Bengaluru-based company is committed to making metabolic fitness accessible to millions of people globally. Ultrahuman said it will use the money to improve its biomarker technology and expand globally.
Ultrahuman was started by Mohit Kumar and Vatsal Singhal, who previously founded hyper-local logistics services provider Runnr. It merged with the food delivery app Zomato in 2017 and was a key acquisition for its food delivery aspirations.
Over a billion people in the world suffer from a metabolic health disorder, which contributes to 85 percent of all chronic diseases in the world, the company said in a statement.
“When we started Ultrahuman, we asked ourselves the question 'How does one eat and workout based on the specifics of their own body and their own goals?'. Given there's so much out there around 'what's an ideal diet' or the 'most effective exercise routine' — to figure out how fitness protocols such as eating healthy and exercising lead to better health in a quantifiable way seemed like a big confusing black box,” the company wrote in a statement.
“We wanted to change that by giving people access to a radical new approach—An approach that utilizes biomarkers to tell you how your body reacts to a certain type of food, how to fuel efficiently for exercise, and how to eat for better sleep. Our mission is to help people optimize their health by providing them access to deeply personalized insights and real-time nudges.”
The company’s product branded ‘Cyborg’ is a wearable and subscription service that helps people optimize their exercise and nutrition, based on glucose biomarkers.
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“Biomarkers will change how the fitness and the healthcare industry works. By being able to continuously monitor their biomarkers like glucose, users can not only avoid chronic diseases but make lifestyle changes that help them improve their fitness levels for longevity and performance,” said Mohit Kumar, founder and CEO, of Ultrahuman.
