India’s healthtech sector is expanding as the country deals with public health challenges, such as the 77 million adults who are estimated by the World Health Organization to have Type 2 diabetes. Some firms, like Sugarfit, which focuses on diabetes, are health monitoring-focused.

Ultrahuman is another participant; it offers services and wearable technology to assist consumers in monitoring their metabolic health. It is well-known for the Ultrahuman Ring Air, which measures blood oxygen saturation, heart rate variability, and heart rate among other things.

The business has secured $35 million in a series B investment using a combination of loan and equity. Deepinder Goyal, the founder of Zomato, and venture capital firms Blume Ventures, Steadview Capital, and Nexus Venture Partners are among the participants.

Users can monitor many health parameters at once thanks to Ultrahuman’s platform, which integrates data from its various gadgets. The company is based in India, but their goods can be found in more than 150 locations across the globe, including one at Changi Airport in Singapore.

By the end of 2024, the company hopes to have a yearly revenue run rate of over $100 million US. It stated that it is profitable but did not provide any further information.

“What sets us apart is our unwavering focus on improving user experience through continuous firmware and software updates,” stated Mohit Kumar, co-founder of Ultrahuman. Every two weeks, the company releases a new firmware version, he continued, along with weekly app updates.

Runnr, an e-commerce logistics firm founded by Kumar and Vatsal Singhal, was purchased by Zomato in 2017.