Bengaluru-based health-tech startup Sugar.fit has raised $11 Million in a Series A funding round led by MassMutual Ventures. The funding round also saw participation from existing investors including Cure.fit, Endiya Partners, and more.
As per the updates, the startup will use the funds to boost and expand its R&D in diabetes management. Apart from that, the funds will also be used to expand the product offerings and focus on the offline presence.
Founded in 2021 by Madan Somasundaram and Shivtosh Kumar, Sugar.fit focuses on providing a Type-2 and pre-diabetes reversal program. As per the official website, the startup program allowed people to see an average HbA1c drop of 1.9%, and 90% of people have reduced or eliminated medication.
Through their mobile app, the users can track their daily lifestyle and how it impacts their sugar levels. They can then use the guidance and consultations to improve their medical condition.
“This investment will enable us to further enhance our technology and expand our reach across India, ultimately helping more people take control of their diabetes and improve their health.” Madan Somasundaram, co-founder and CEO of Sugar.fit, said