startup in health technology Fitterfly received investment in a $12 million Series A round that was co-founded by Amazon Smbhav Venture Fund and Fireside Ventures. The first investment Amazon Smbhav has made in Indian health technologies.
Nihar Parikh of 4point0 Health Ventures, 9 Unicorns, Sriram Natarajan of Molbio, and Venture Catalysts were other participants in this round.
The Amazon Smbhav Venture Fund has pledged to invest $250 million in start-ups in the agricultural, healthcare, and SMB sectors by the year 2021. (small and medium companies).
The extra funds will be used to increase both Diabefly’s and Fitterfly’s digital therapies and clinically proven programs to prevent, manage, and reverse diabetes.
Kanwaljit Singh, the founder and managing partner of Fireside Ventures, which co-led the funding, claimed that the integration of technology and patient-centered care is urgently required and will enhance outcomes in the battle against chronic diseases.
I’ve known Arbinder for more than 10 years, and his experience as a doctor and serial entrepreneur will be extremely helpful in building a flourishing global company. When we supported Fitterfly last year, we had faith in their abilities in this regard. We are renewing our support for them today, and we hope to see the same enthusiasm in them as they extend their reach.
Fitterfly has over 20,000 patients and a 360-degree approach to treatment with professionally advised therapy from more than 200 physicians across India.
