Category: Blogs

Decoding Ultrahuman’s Series B: Deepinder Goyal pumped in $10 Mn Wearable tech startup Ultrahuman raised $35 million in a Series B round, including $25 million in equity and $10 million in debt, led by Zomato’s co-founder Deepinder Goyal and investors like Blume Ventures and Alpha Wave. The funding details and valuation, accessed through regulatory filings, show Ultrahuman’s value at $125 million post-allotment. Co-founders Mohit Kumar and Vatsal Singhal previously sold their startup Runnr to Zomato. Ultrahuman, known for its smart ring and glucose monitoring wearable, saw a 4X increase in revenue to Rs 30 crore in FY23, with a modest 21.4% rise in losses to Rs 71 crore. The largest external stakeholder is Nexus with a 17.26% stake. Global peers include Levels Health and Oura.