The Busy Brains
28 Sept 2023
E-commerce giant Flipkart Ventures joins notable investors to support FlexifyMe’s AI-based wellness platform expansion.
The health and wellness platform FlexifyMe has secured $1 million in its seed funding round, with participation from Flipkart Ventures, the investment arm of e-commerce giant Flipkart. Notable investors such as GSF, iHub Anubhuti, Chandigarh Angels (CAN), Venture Catalyst, and OneCapital, along with prominent angel investors, also joined the round.
FlexifyMe had previously raised $300K in the first tranche of its seed round in May the previous year. The newly acquired funds will be utilized to further enhance its AI motion coach, making it available in local languages, and to expand the platform's presence in the MENA (Middle East and North Africa) and North American regions.
Founded by Manjeet Singh and Amit Bhayani in October 2021, FlexifyMe aims to address chronic illnesses and stress while helping individuals manage musculoskeletal disorders (MSK), such as back pain, spondylitis, arthritis, knee pain, and others in a natural way. The platform combines AI motion tracking with the latest advancements in physiotherapy and yoga.
The startup reports significant growth, with a nearly 5X increase in the last 12 months.
In addition to its investment in FlexifyMe, Flipkart Ventures announced its plans to invest in five early-stage startups as part of its Flipkart Leap Ahead accelerator program. Alongside FlexifyMe, Algomage, Castler, NimbleBox.ai, and ReCircle will receive equity funding this year.