HealthifyMe Mulls IPO, Targets $200 Million ARR By 2024
Health and wellness platform HealthifyMe is mulling an initial public offering (IPO) in the next 24 months even as it plans to clock an annualised revenue run rate (ARR) of $200 million around the same time.
Annual revenue run rate is a forecasting method that helps predict the financial performance of a company over a year based on past earnings data.
We are seeing a change in people's mindset towards using behavioural change apps like HealthifyMe and we plan to touch $200 Million ARR in 20-24 months. We may think of an IPO when we reach there, Tushar Vashisht, co-founder of HealthifyMe, told ET.
The company plans to achieve $100 million annual revenue run rate in the next eight months.
HealthifyMe, founded in 2012 by Vashisht, Sachin Shenoy and Mathew Cherian, offers services such as calorie tracking, one-on-one nutrition, fitness coaching, diet tracking, and workout plans.
The platform has around 30 million users in more than 300 cities. The app has around 2,000 health and fitness coaches and around 300 employees.
