We are thrilled to announce that FlexifyMe, a cutting-edge health-tech platform focused on chronic pain management, has successfully closed its Seed funding round, led by Flipkart Ventures.
About FlexifyMe
Founded in 2021 by serial entrepreneurs Manjeet Singh and Amit Bhayani, FlexifyMe is on a mission to revolutionize traditional physiotherapy visits through its innovative health-tech platform powered by AI motion tracking technology. The platform targets the growing population of over 1.7 billion people worldwide who suffer from musculoskeletal disorders, including conditions like back pain, spondylitis, scoliosis, and arthritis. Conventional solutions, such as medications and medical procedures, have proven to be short-term with high rates of problem recurrence and associated high costs, causing delays in treatment.
FlexifyMe introduces a unique combination of human expertise (online physiotherapists, orthopedics) and machine intelligence (AI motion coach) to enable individuals to treat chronic pain from the comfort of their homes. The team has honed the motion coach using advanced vision AI technology, allowing it to identify body imbalances, postural issues, and alignment problems. Certified physiotherapists, yoga therapists, and orthopedic surgeons are also part of the platform, ensuring a consistent and result-oriented approach to treatment. Their innovative approach has achieved an impressive 100% success rate in treatment, reducing costs by up to 80%. As a result, FlexifyMe has reached significant milestones, generating $500,000 in Annual Recurring Revenue (ARR), and establishing a presence in over 20 countries within just 18 months since its inception, all with less than $300,000 in funding.
About The Funding Round
In its recent Seed Funding Round, FlexifyMe successfully raised $1Mn with Flipkart Ventures leading the investment. The round also witnessed the participation of other notable investors, including GSF and iHub Anubhuti (the incubation centre of IIIT Delhi). The funds raised in this round will be allocated to further enhance the AI motion coach, making it available in local languages, and expanding the platform’s presence in the MENA and North American regions.
Among the existing investors supporting FlexifyMe are Ravi Bhushan (Founder, BrightChamps), Amit Ratanpal (Founder, BlincInvest), and Sachin Anand (Sales Head APAC, Intel), among others.
Key Venture played a significant role as the exclusive financial advisor to FlexifyMe during this successful transaction.
The Founder’s Thoughts On Working With Key Venture
Manjeet Singh, Co-Founder of FlexifyMe, expressed his gratitude, saying, “Key Venture understood the need for our solution and navigated us through the entire fundraising process. This investment offers immense opportunity and propels us closer to our vision of solving chronic pain naturally on a global scale. Our growth journey involves an easily accessible full-stack platform solving for all hormonal ailments.”
Amit Bhayani, Co-Founder of FlexifyMe, shared his insights, “Over time, the medical field has witnessed valuable innovation and evolution enabling people to live healthier and safer lives. Digital therapeutics is a significant chapter in the advancement of the medical field. Key Venture’s experience and expertise in the healthcare ecosystem were instrumental in building partnerships with the right stakeholders.”
About Key Venture
Key Venture is a boutique Investment Bank that specializes in assisting early and growth-stage companies with mergers and acquisitions and raising capital from institutions, including VCs, PEs, corporates, family offices, and HNIs.
Founded by Nidhi Saraf (CEO) and Hars Saraf (COO), Key Venture plays a crucial role in supporting promising startups and companies in achieving their growth and funding objectives within the healthcare and technology sectors.
For more information, contact:
Nidhi Saraf, CEO & Founder – [email protected]
Hars Saraf, Co-Founder & COO – [email protected]