The Week that Was: Indian Startup News Overview (16th November- 22nd November)


Funding News: Ultrahuman Raises Rs 100 Crore to Drive Innovation and Expansion

Startup: Ultrahuman

Founders: Mohit Kumar and Vatsal Singhal 

About us: Ultrahuman is a Bengaluru-based health-technology company building a wearable and ambient health ecosystem. Its flagship product, the Ultrahuman Ring AIR, along with CGM (continuous glucose monitor) systems and other biometric tracking solutions, enables users to optimise sleep, recovery, movement, metabolic and overall health. 

Founded Year: 2019

Office: Headquartered in Bengaluru, India; the company is targeting expansion into Canada, Australia, Mexico and other global markets. 

Sector: Health-Tech / Wearable & Preventive Health Technology

Funding Round: Venture debt Rs 100 crore 

Investors: Alteria Capital as venture debt provider

Ultrahuman has raised Rs 100 crore in venture debt financing to deepen its innovation pillar, accelerate its market expansion, strengthen its product, software and sports-/research partnerships, and build new revenue-streams beyond hardware. 

Website: https://www.ultrahuman.com