Ultrahuman raises $17.5 million in second round funding

Ultrahuman has raised $17.5 million in a Series B funding round from Alpha Wave Incubation, an arm of Falcon Edge Capital, top venture firms and some of India's best-known entrepreneurs, the tech-led fitness platform said on August 17.

Investors include Steadview Capital, existing backers Nexus Venture Partners, Blume Ventures, and Utsav Somani's iSeed fund. Top founders and investors, including Tiger Global's Scott Schleifer, Nexus Venture Partners' Sandeep Singhal, CRED's Kunal Shah, Udaan's Sujeet Kumar, Zomato's Deepinder Goyal, Gunjan Patidar, Unacademy's Gaurav Munjal and Mosaic Wellness' Revant Bhate also participated in the round.

"By helping people understand how food and exercise affects their metabolic health, people would be able to make informed choices about what they eat and their activity levels. The approach is a geography / diet agnostic way to help people eat and exercise better," the company said.

The Bengaluru-based company's wearable platform tracks metabolism and glucose levels, giving wearers personalised exercise and nutrition tips. The funds will be used for geographical expansion and to improve its biomarker technology, the startup has said.

Ultrahuman was founded by Mohit Kumar and Vatsal Singhal, former founders of logistics firm Runnr, one of Zomato's key acquisitions over the years. Kumar later served as Zomato's COO of Food Delivery before leaving to start up again in late 2019.