Healthtech startup Sugar.fit announced on Wednesday that it has secured an additional $5 million in Series A funding, bringing the total funding to $16 million. The latest funding round was led by global investment firm B Capital, with previous participation from other investors.
According to Madan Somasundaram, co-founder & CEO of Sugar.fit, the platform aims to become the go-to destination for all diabetes needs in India by leveraging deep tech and an on-ground network to service millions of people in the coming years.
The company plans to use the new capital to expand its technology stack and product range, increase brand presence, and accelerate research and development in diabetes management. Karan Mohla, General Partner at B Capital, highlighted Sugar.fit’s dedication to sustainable healthcare outcomes and exceptional growth metrics.
Sugar.fit offers a comprehensive diabetes care program that combines innovative technology with personalized human interventions. The company has established an omnichannel presence and now operates 7 state-of-the-art Diabetes Clinics in Bangalore with top doctors specializing in diabetes care.
With substantial growth in paid subscribers over the last 18 months, Sugar.fit currently serves over 30,000 users on its platform. The company’s focus on improving healthcare outcomes and expanding its reach highlights its commitment to providing quality diabetes management services.
