Sugar.fit secures $11 million in Series A funding; To focus on expansion and R&D for diabetes management
Summary
This enables users to track the real-time impact of their lifestyle on glucose levels, and receive personalised, timely guidance across the aspects of fitness, nutrition and sleep from their care team, the start-up said in a statement.This continuous approach to diabetes care has yielded positive health outcomes for consumers users have seen an average 2% reduction in HbA1c levels after 3 months, it added.We are grateful for the trust and support our investors have in us. 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 & CEO of Sugar.fit said.Founded in 2021, Sugar.fit initially raised $10 million in a seed funding round and has since proven exceptional growth. In the last 18 months, the brand has witnessed eightfold growth in paid subscribers, and currently serves more than 25,000 users on its platform.We are thrilled to lead the Series A funding round for Sugar.fit. The teams approach to diabetes management combines hardware, software and analytics to deliver a personalized program and drive lasting behavioral change for better health outcomes. We believe Sugar.fit will transform the health of millions, while battling the increasing incidence of diabetes in India, Anvesh Ramineni, Managing Partner at MassMutual Ventures said on Tuesday.