Health-Tech Startup Sugar.fit Secures $11 Million In Series A Funding

Sugar.fit, a health-tech startup, announced its USD 11 million Series A funding round in a press statement on Wednesday. The funding was led by MassMutual Ventures with participation from existing investors including Cure.fit, Tanglin Venture Partners, and Endiya Partners, the company informed in a statement.  The fresh capital will be used to expand Sugar.fit’s product offering, launch an offline presence and accelerate research and development in the field of diabetes management, accelerating the brand’s footprint and growth, the statement from the company said.

Diabetes is the primary catalyst for various life-threatening health complications and the demand for innovative solutions in diabetes management has never been more urgent in India, an estimated 100 million individuals struggle with Type 2 diabetes, and another 130 million are on the brink of pre-diabetes.

Sugar.fit offers a complete diabetes care program by integrating a variety of devices such as continuous glucose monitors, fitness trackers and other health diagnostics and providing easy access to diabetes specialists and health coaches, the company's statement read.

Madan Somasundaram, co-founder & CEO of Sugar.fit said, "We are grateful for the trust and support our investors have in us. We are more committed than ever to helping people with Type 2 and pre-diabetes manage and reverse their 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.”

Anvesh Ramineni, Managing Partner at MassMutual Ventures said, "We are thrilled to lead the Series A funding round for Sugar.fit. The team’s approach to diabetes management combines hardware, software and analytics to deliver a personalized program and drive lasting behavioural change for better health outcomes. We believe in Sugar.fit will transform the health of millions while battling the increasing incidence of diabetes in India."

Since its inception in 2021, Sugar.fit initially raised USD 10 million in a seed funding round the company stated.