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Healthtech startup Ultrahuman is close to raising over $120 million (around Rs 1,000 crore) in a new funding round, according to media reports.
The round will be led by WestBridge Capital and some private equity investors.
This funding could push Ultrahuman’s valuation to around $550–$600 million — a big jump from its $125 million valuation in March 2024, the report said.
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The new deal comes after Ultrahuman’s earlier plan to raise $40 million from SoftBank fell through, as both sides couldn't agree on the company’s potential.
Last year, Ultrahuman raised $35 million through a mix of equity and debt. Investors included Blume Ventures, Steadview Capital, Nexus Venture Partners, Alpha Wave Incubation and Zomato founder Deepinder Goyal.
The Mohit Kumar-led Ultrahuman offers self-tracking health products like the Ring Air smart ring, the M1 Live glucose monitor, and a blood testing service called Blood Vision. It also launched a luxury smart ring collection called Rare earlier this year.
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