Hardeep Singh
Maintaining a healthy body is everyone’s dream, but it hasn’t always been everyone’s favourite. Individuals are unable to achieve their health goals due to a lack of motivation and direction. The HealthifyMe application was designed to address this issue. The HealthifyMe programme enables clients to track their eating habits and exercise routines, get expert advice, and interact with other wellness enthusiasts, preparing them to live a healthy lifestyle. The HealthifyMe programmes provide consumers and wellness enthusiasts with several excellent options to help them achieve their goals.
Recently, HealthifyMe has likewise provided a variety of complimentary services to help its customers keep up a solid way of life during the 21-day lockout. With funding of roughly $25 million, HealthifyMe had earned Rs. 100 crore way back in 2020.
We should look at the journey of one of the most outstanding Health-tech applications in India and how it is supporting a large number of people in achieving their health and wellness objectives. Here’s all you need to know about HealthifyMe’s founders, revenue, and business model.
About
Tushar Vashisht, Mathew Cherian, and Sachin Shenoy all contributed to the creation of HealthifyMe in 2012. Initially supported by Microsoft Accelerator, the firm provides quantitative results on food habits, wellbeing, and weight and collaborates with leading corporates and medical services partners in India.
HealthifyMe has a freemium strategy and has 10 million downloads, an estimated 25 million customers, and is spread throughout 300+ urban neighbourhoods with over 1,500 mentors. Its app has a 4.6/5 rating on Google Play and has been featured by Google and Apple on many occasions for meeting quality standards.
The objective of HealthifyMe is to build the world’s largest online health and wellness services. It should help a big number of customers achieve their goals by bringing in dietitians and other health professionals who are equipped with artificial intelligence.
Founders/Owners and team
HealthifyMe was founded by Tushar Vashisht (CEO), Mathew Cherian, and Sachin Shenoy (CTO).
Tushar Vashisht
Tushar Vashisht is the founder and current CEO of HealthifyMe. Tushar worked with the Government of India’s Unique ID Authority for nearly two years before starting HealthifyMe. Tushar began his career as an investment banker on Wall Street and in the Bay Area before joining Deutsche Bank in Singapore. Tushar is a University of Pennsylvania graduate and an active musician in his spare time.
Sachin Shenoy
Sachin Shenoy, CTO of HealthifyMe, is a Google Code-Jam finalist and perhaps the fastest coder we know. He has over 15 years of experience, including 6 at Google, where he worked on Google Finance, Google SMS Channel, Orkut Developer Platform, and Google Dev. Stage. Sachin has five patents linked to his work.
In 2013, Mathew Cherian quit HealthifyMe. HealthifyMe has a community of over 400 people and is continually growing.
Business Model and Revenue Model
Ria AI first began engaging with HealthifyMe’s clients in October 2017, when the firm used a portion of its sponsored endorsers as a test. Currently, the assistance is available to all paying consumers among HealthifyMe’s more than 1,000,000 customers. Nonetheless, the group refused to reveal either the bot’s prior investment or the organisation’s paid supporter base.
HealthifyMe membership options range in price from Rs 999 to Rs 1,699 per month, depending on the features chosen. HealthifyMe features a B2C and a B2B2C business model. Despite the fact that the B2C model accounts for about 80% of the organisation’s revenue, HealthifyMe also offers a B2B2C model. HealthifyMe distributes its services through corporations and medical care groups under the B2B2C paradigm.
Revenue
HealthifyMe’s revenue exceeds Rs 100 crore, and the application’s dynamic customer base has reportedly increased to 16 million. As of July 22, 2021, back then the app was used by around 25 million people. HealthifyMe, a wellbeing and wellness application, has grown thrice, reaching Rs 100 crore in revenue, thanks to the widespread acceptance of its AI-powered Smart Plans and global expansion.
Growth
In the most recent fiscal year (FY 2019-2020), HealthifyMe has grown four times, outperforming Rs 100 crore in revenue run rate. According to February 2020 data, HealthifyMe’s customer base has grown fourfold, while the number of active clients has increased from 8 million to 16 million. The company expanded into Singapore, Malaysia, and Brunei last year. It maintained a $ 1 million turnover in the Southeast Asian market in less than a year.
The business has also launched in the Gulf Cooperation Countries market and is now ranked in the top three on Google Play in the UAE. HealthifyMe today has over 250 nutritionists and coaches on its team, each of whom can handle up to 250 customers thanks to Ria’s assistance. This is an increase from roughly 100 clients apiece in 2016.
Future Plans
HealthifyMe’s current goals are to expand into new regions and provide Ria with additional capabilities. The long-term goal aims to be the world’s go-to wellbeing and health specialist co-op, offering clients access to services other than nourishment and wellness.
Currently, the group hopes to research new geologies in Southeast Asia and the Asia Pacific Region. HealthifyMe expects to surpass $50 million in annual recurring revenue in the coming year, with a goal of $400 million by 2025.
