Healthifyme, a nutrition and wearable technology company, announced an undisclosed second round of funding at a startup conference held by Microsoft Ventures on Thursday (18 June). Sources added that this second round was close to $1 million led by Bala Parthasarthy of Angel Prime and Amit Gupta of InMobi. HealthifyMe had earlier raised $250000 from angel investors. This signals the interest of investors in investing in wearable health device companies that offer services.
“All wearable companies have to provide services to scale up. They have to define their business models,” says Sanchit Vir Gogia, CEO of Greyhound Research.
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