The health-tech startup, Grow Fit has received ₹29 Crore (USD $4.5 million) funding from Manipal Education and Medical Group. After funding, Dr. Ranjan Pai, the MD & CEO of MEMG, will be joining the Board of Directors and consult Grow Fit in their business matters. Moreover, Grow Fit’s seed investors, The SAR Group and The Grover Trust also participated in this round and contributed a lump-sum amount. The startup was founded in September 2015 and they commit to help Indians in achieving peak wellness through a combination of data science, medical expertise and personalised inputs. They helped over 300 million Indians who are at risk and suffering from acute diseases.
Jyotsna Pattabiraman, Founder and CEO at Grow Fit said, “Grow Fit combines data science, medical science and behavioral insights to help people achieve their health goals and live their best lives. We are an outcome-oriented company and have always stressed a science-and-data approach. I am delighted that leading professionals from the Manipal Hospital have validated our approach. Grow Fit now has the backing of one of the top medical groups in the country and we are excited about the next phase of growth with this investment.”
According to the World Economic Forum, India is the only place where over six million lives are lost every year due to lifestyle diseases and the economic burden of lifestyle diseases has been estimated to be over some trillion by 2030. The startup is eyeing on to expand solutions to fertility, joint health, stress management and more, all through the mobile.