Sugar.fit, a health-tech start-up, has recently received an $11 million Series A funding round, led by MassMutual Ventures, with ongoing support from Cure.fit, Tanglin Venture Partners, and Endiya Partners. This significant investment will be utilized to expand the company's product offerings, establish a tangible presence, and advance research and development in the field of diabetes management. This strategic move is expected to greatly enhance the brand's visibility and market influence.
The company specializes in a comprehensive diabetes care program that combines a variety of devices, including continuous glucose monitors, fitness trackers, and various health diagnostics. It offers users convenient access to diabetes specialists and health coaches. This innovative approach enables individuals to track the immediate effects of their lifestyle decisions on glucose levels. Additionally, it provides personalized support and advice on fitness, nutrition, and sleep from a dedicated care team.
Madan Somasundaram, the co-founder and CEO of Sugar.fit, conveyed his positive outlook on the investment, emphasizing that this financial boost will not only strengthen our technological capabilities but also expand our reach across India, ultimately helping a greater number of individuals to manage their diabetes and improve their overall well-being.
Anvesh Ramineni, a managing partner at MassMutual Ventures, praised Sugar.fit for its comprehensive approach to diabetes management, utilizing a combination of hardware, software, and analytics to create personalized programs that promote long-lasting changes in behaviour for better health outcomes. Ramineni expects Sugar.fit to have a significant impact on improving the health of millions, especially considering the increasing prevalence of diabetes in India.
Mukesh Bansal, founder of Cure.fit, expressed praise for the significant progress achieved by Sugar.fit in the last two years, acknowledging their outstanding leadership in this field and emphasizing their impressive achievements in reversing diabetes.
Founded in 2021, Sugar.fit has successfully secured $10 million in seed funding. Moreover, it has experienced remarkable growth, with a significant increase of eight times in paid subscribers within the past 18 months. Presently, the platform caters to over 25,000 users, solidifying Sugar.fit's prominent position in the field of diabetes management.
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