Wellness platform AyuRythm raises Seed fund
News Synopsis
A personalized holistic wellness platform, AyuRythm informed that it has raised fresh funds in its Seed funding round. However, the company did not reveal the amount it has raised. This round of funding was led by Indian Angel Network (IAN). The fundraising round also witnessed participation from SucSeed and other marquee angel investors.
The startup was registered in the year 2016, the Bangalore-based startup commenced its operations in 2018. It digitally connects users to Ayurveda and yoga. The company plans to use the raised capital to enhance its technology and boost its user base by providing real-time health assessment and wellness recommendations through smartphones. Other than this, the company will also emphasize strategic partnerships with other brands and its expansion and distribution plans. By the next year, the company intends to increase its users to a total of 1.5 mn, integrate improved digital pulse analysis, and provide wellness solutions to the users on their mobile phones.
Speaking about the funding, Ramanath Padmanabhan, Director & Co-Founder, AyuRythm, said, “The global pandemic has made people more health-conscious. Our vision is to attain a rhythmic balance in busy work lives, especially during these uncertain times. We at AyuRythm believe that the time-tested principles and practices of Ayurveda can be made easy to access in real-time for users, tuned to their modern customized needs, and will make a huge difference in their lives. We are now well-positioned to expand our technological capabilities and strengthen our workforce. After this association, we intend to hire AI/ML engineers, Android & iOS developers, and growth hackers.”
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