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Healthtech startup Sugar.fit raises $5 million in funding round led by B Capital

Economic Times

Economic Times · 1y ago

Healthtech startup Sugar.fit raises $5 million in funding round led by B Capital

Healthtech startup Sugar.fit has secured $5 million in funding in a round led by B Capital. The company aims to manage and reverse type 2 and pre-diabetes through its personalized diabetes management program, which combines technology and human interventions. The funds will be used to expand its offerings, enhance brand visibility, and accelerate research and development in diabetes management. Currently serving over 30,000 users, Sugar.fit operates through its Bengaluru clinics and plans to further establish its presence in other metropolitan cities. The investment reflects the growing need for effective solutions in managing chronic conditions like diabetes in India.

Related News

Sugar.fit secures additional $5M in Series A

Inshorts · 1y ago

Sugar.fit secures additional $5M in Series A

Healthtech startup Sugar.fit has secured an additional $5 million in Series A funding led by B Capital, bringing the total funding raised in the round to $16 million. Existing investors MassMutual Ventures, Tanglin Venture Partners, Endiya Partners, and Cure.Fit also participated in the round.

Sugar.fit, Indicold secure early-stage funding

VCCircle

VCCircle · 1y ago

Sugar.fit, Indicold secure early-stage funding

Sugar.fit, a healthtech startup focused on managing and reversing diabetes, has raised $5 million in its ongoing Series A funding round, bringing the total to $16 million. The funding, led by B Capital and participated by MassMutual Ventures and existing investors, will be used to expand the company's technology and product offerings, enhance brand presence, and improve research and development in diabetes management. Meanwhile, cold storage and warehousing solution provider Indicold has raised an undisclosed amount in a pre-Series A funding round from Fundalogical Ventures to support technology development, expansion, and hiring efforts.

Sugar.fit Nets $5 Mn To Ramp Up Tech Stack, Product Portfolio

Inc42 · 1y ago

Sugar.fit Nets $5 Mn To Ramp Up Tech Stack, Product Portfolio

Bengaluru-based healthtech startup Sugar.fit has raised an additional $5 million in extended Series A funding, bringing the total to $16 million. Founded in 2021, Sugar.fit offers diabetes management and reversal through a data-centric approach. The company plans to use the funding to expand its technology stack and product range, increase brand presence, and accelerate research and development efforts. The startup has served over 30,000 users and operates seven diabetes clinics in Bengaluru. Investors in Sugar.fit include B Capital, MassMutual Ventures, CureFit, Endiya Partners, and Tanglin Venture Partners.

Sugar.fit raises $5 Mn more in Series A led by B Capital

Entrackr

Entrackr · 1y ago

Sugar.fit raises $5 Mn more in Series A led by B Capital

Sugar.fit, a healthtech focused on type 2 diabetes and prediabetes, has raised $5 million more in its Series A round led by B Capital with participation from MassMutual Ventures and existing investors including Tanglin Venture Partners, Endiya Partners, and Cure.fit (now Cult.fit). In October last year, the startup had raised $11 million in its Series A round led by MassMutual Ventures. The new capital will be used to expand Sugar.fit’s technology stack and product range, increase brand presence, and speed up research and development in diabetes management, the company said in a press release. Founded by Madan Somasundaram, Sugar.fit offers a diabetes care program that combines innovative technology with personalized human interventions. Diabetes doctors and nutritionists use devices such as continuous glucose monitors, fitness trackers, and health diagnostics to monitor the real-time impact of users’ lifestyles on their glucose levels. In the last 18 months, the brand claims to have witnessed significant growth in paid subscribers, currently serving more than 30,000 users on its platform. The brand has also established an omnichannel presence, starting in Bengaluru, and now operates seven diabetes clinics with doctors in diabetes care across the city.

Metafin, three others raise early-stage funding from multiple VCs

VCCircle

VCCircle · 1y ago

Metafin, three others raise early-stage funding from multiple VCs

Cleantech-focused non-bank financial company Metafin has raised $5 million in a funding round led by Prime Venture Partners and Varanium Capital. Metafin plans to utilize the funds to expand its presence across states, grow its loan book, improve technology, IoT stack, and hire talent. Cashinvoice, a supply chain finance platform, raised $3.4 million in a Series A funding round from investors including Pravega Ventures and HDFC Bank. Healthtech startup Piscium and home care brand Koparo also secured early-stage funding. Piscium raised $722,994 in a Series A round led by Unicorn India Ventures, while Koparo raised the same amount in a funding round led by 4P Capital Partners.

MENA DIGEST: Saudi Arabian tech startups lead funding activity this week

VCCircle

VCCircle · 8m ago

MENA DIGEST: Saudi Arabian tech startups lead funding activity this week

Saudi Arabian tech startups led the MENA funding activity this week. Calo, a foodtech startup, raised $25 million in a Series B round, aiming for a $50 million extension and a 2027 IPO. The round was led by Nuwa Capital with participation from STV and others. Edtech startup YNMO secured $5 million, led by Wa’ed Ventures, to expand its AI-based rehabilitation services for children with disabilities, enhancing partnerships across the Gulf region.

Decoding healthtech startup Sugar.fit’s Series A funding round

Entrackr

Entrackr · 1y ago

Decoding healthtech startup Sugar.fit’s Series A funding round

Diabetes management startup Sugar.fit has secured $11 million in a Series A funding round led by MassMutual Ventures. The funding will be used to expand the company's product offering, establish an offline presence, and further research and development in the field of diabetes management. The company has been valued at approximately $60 million post-money, and has raised a total of $21 million across two funding rounds. Sugar.fit provides a comprehensive diabetes care program, integrating various devices and offering access to specialists and health coaches.

Vodex, three others secure early-stage funding

VCCircle

VCCircle · 1y ago

Vodex, three others secure early-stage funding

Vodex, Ono, Arch0, and Mave Health have all secured early-stage funding. Vodex, a generative AI-based SaaS startup, raised $2 million in a seed funding round. Ono, an agritech startup, raised $1.3 million in a seed funding round. Arch0, a cloud security startup, raised $1.25 million in a pre-seed funding round. Mave Health, a healthtech startup, raised $719,202 in a pre-seed funding round, co-led by All-In Capital and Utsav Somani's iSeed Fund. These companies plan to use the funding to expand their operations, hire talent, and further develop their products.

Sprinto Raises $20 Mn From Accel, Others

Inc42 · 1y ago

Sprinto Raises $20 Mn From Accel, Others

RegTech startup Sprinto has raised $20 million in Series B funding led by Accel. The funding round also included participation from existing investors Elevation Capital and Blume Ventures. Sprinto, founded in 2020, provides enterprises with automation tools for risk and compliance requirements. The company plans to use the funding for research and development, focusing on intelligent automation and artificial intelligence, as well as expanding into new markets.

AI startup Scribenote raises $8.2 million in Andreessen Horowitz-led funding round

Economic Times

Economic Times · 11m ago

AI startup Scribenote raises $8.2 million in Andreessen Horowitz-led funding round

Scribenote, an AI-driven startup that generates medical records for veterinarians, has raised $8.2 million in an early-stage funding round led by Andreessen Horowitz. Other participants included Inovia Capital and Velocity Fund. Although the valuation of the funds raised was not disclosed, the investment highlights the growing investor interest in AI startups. Scribenote, founded in 2019, has automated over 1.5 million medical records in less than a year. This funding round comes after Andreessen Horowitz's involvement in the $6 billion series B funding of xAI, the AI startup founded by Elon Musk.

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