AI-focused health tech startup Healthify has raised $20 million in new funding, led by existing investors Khosla Ventures and LeapFrog Investments, with participation from new investor Claypond Capital, the family office of Indian healthcare billionaire Ranjan Pai. This funding adds to a $30 million round raised in 2023, including $5 million in venture debt.

The funding will support Healthify’s app launch in the U.S. markets by the end of this year. Most of the capital will be focused on global expansion, particularly in the U.S.

Tushar Vashisht, co-founder and CEO, stated that extensive alpha testing of their AI products, including the coaching product, has been completed, and they aim to release their beta app before the year ends.

He stated that Healthify has a strong opportunity to succeed in the U.S. because its services are more affordable than those currently available.

He also noted that while a single nutritionist session in the U.S. costs around $140, Healthify’s programs range from $5 to $20 per month, significantly lower than comparable U.S. prices, typically $50 to $100 per month.

Tushar Vashisht explained that Healthify has reduced costs by operating from India and leveraging strong AI capabilities.

He mentioned that the company maintains a high client-to-coach ratio, with AI assisting coaches in creating meal plans and responding to messages. When human accountability is needed, clients also receive support from Ria, Healthify’s AI nutritionist.

In FY23, Healthify reported revenue of approximately Rs 229 crore, a 24% increase from FY22, and its losses decreased from Rs 157 crore to Rs 142 crore during the same period.

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