About Sugarfit
Sugarfit is a company based in Bengaluru (India) founded in 2021 by Shivtosh Kumar and Somasundaram Madan. It operates as a HealthTech. Sugarfit has raised $26.7 million across 4 funding rounds from investors including Cult.fit, Endiya Partners and B Capital. The company has 677 employees as of April 30, 2025. Sugarfit offers products and services including Diabetes Care Program. Sugarfit operates in a competitive market with competitors including BeatO, Smit.fit, Diabeto, 7Sugar and JoyHealth, among others.
- Headquarter Bengaluru, India
- Employees 677 as on 30 Apr, 2025
- Founders Shivtosh Kumar, Somasundaram Madan
- Stage Minicorn
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Sectors
HealthcareTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
$5.07 M (USD)148as on Mar 31, 2024
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Net Profit
$-5.67 M (USD)-52as on Mar 31, 2024
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EBITDA
$-5.25 M (USD)-51as on Mar 31, 2024
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Total Equity Funding
$26.7 M (USD)
in 4 rounds
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Latest Funding Round
$702.12 K (USD), Angel Round
Apr 04, 2025
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Investors
Cult.fit
& 18 more
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Employee Count
677
as on Apr 30, 2025
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Products & Services of Sugarfit
Sugarfit offers a comprehensive portfolio of products and services, including Diabetes Care Program. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A program for diabetes care and reversal is offered.
Funding Insights of Sugarfit
Sugarfit has successfully raised a total of $26.7M across 4 strategic funding rounds. The most recent funding activity was a Angel Round round of $702.12 thousand completed in April 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Angel Round — $702,124
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First Round
First Round
(03 Sep 2021)
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2025 | Amount | Angel Round - Sugarfit | Valuation | Sachin Ramesh Tendulkar |
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| Mar, 2024 | Amount | Series A - Sugarfit | Valuation | B Capital | |
| Oct, 2023 | Amount | Series A - Sugarfit | Valuation | MassMutual Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Sugarfit
Sugarfit has secured backing from 19 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Cult.fit, Endiya Partners and B Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Multistage investments are directed toward technology, healthcare, and climate sectors.
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Founded Year | Domain | Location | |
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Corporate-backed venture capital fund
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Founded Year | Domain | Location | |
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Independent VC firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Sugarfit
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Sugarfit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sugarfit Comparisons
Competitors of Sugarfit
Sugarfit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as BeatO, Smit.fit, Diabeto, 7Sugar and JoyHealth, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Smartphone-enabled glucometers and diabetes management apps are provided.
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| domain | founded_year | HQ Location |
Provider of diet and fitness training and monitoring app
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| domain | founded_year | HQ Location |
Diabetes monitoring and management app along with healthcare coaches
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| domain | founded_year | HQ Location |
Online teleconsultation platform for diabetes management is provided.
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| domain | founded_year | HQ Location |
JoyHealth is focused on diabetes management for South Asians.
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| domain | founded_year | HQ Location |
A mobile application designed for monitoring and managing diabetes effectively.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sugarfit
Frequently Asked Questions about Sugarfit
When was Sugarfit founded?
Sugarfit was founded in 2021.
Where is Sugarfit located?
Sugarfit is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Sugarfit a funded company?
Sugarfit is a funded company, having raised a total of $26.7M across 4 funding rounds to date. The company's 1st funding round was a Series A of $11M, raised on Sep 03, 2021.
How many employees does Sugarfit have?
As of Apr 30, 2025, the latest employee count at Sugarfit is 677.
What is the annual revenue of Sugarfit?
Annual revenue of Sugarfit is $5.07M as on Mar 31, 2024.
What does Sugarfit do?
Comprehensive diabetes management and reversal programs are offered by Sugarfit. Focus is placed on personalized care solutions for individuals. The healthcare sector is primarily targeted with innovative approaches. Support through clinics and educational content is also provided. Engagement with notable personalities for awareness is emphasized.
Who are the top competitors of Sugarfit?
What products or services does Sugarfit offer?
Sugarfit offers Diabetes Care Program.
Who are Sugarfit's investors?
Sugarfit has 19 investors. Key investors include Cult.fit, Endiya Partners, B Capital, MassMutual Ventures, and Tanglin Venture Partners.
What is Sugarfit's valuation?
The valuation of Sugarfit is $65.79M as of Mar 2024.