Ultrahuman, a health-tech business, revealed on Tuesday that it has acquired LazyCo, a consumer-focused wearables company, for an unknown sum.
To improve the user experience and raise metabolic health standards around the world, LazyCo will collaborate with Ultrahuman’s global in-house hardware development team. Ultrahuman, based in Bengaluru, will employ the LazyCo team’s expertise to give consumers with more detailed metabolic information and better overall health information.
Ultrahuman’s wearable technology, founded by Mohit Kumar and Vatsal Singhal, helps people optimise their activity and nutrition based on glucose indicators. Kumar and Singhal were also cofounders of Runnr, a hyper-local logistics company that merged with food delivery platform Zomato in 2017.
“We want to make it easy to get healthy. At Ultrahuman, we’re deep believers in passive personalised health, specifically in a health platform that requires very minimal effort from a user’s perspective. This perfectly aligns with the philosophy of LazyCo.” said Kumar, who is also the company’s CEO.
Alpha Wave Incubation (AWI), Steadview Capital, and current investors Nexus Venture Partners, Blume Ventures, and Utsav Somani’s iSeed fund launched a $17.5 million investment round for Ultrahuman in August. It has so far raised a total of $25 million.
LazyCo is a hardware company founded in 2017 by Apoorv Shankar and Yogansh Namdeo with the goal of making daily life easier. The Aina Ring, an AI-powered smart ring that predicts and automates daily tasks without the need to check one’s phone, is one of its most prominent products.
LazyCo finished a successful Kickstarter campaign in 2019 and garnered design and startup awards from Alibaba, Qualcomm, and others.
“Ultrahuman’s vision of making health more personalised and impactful for people syncs with LazyCo’s vision of building products that solve problems for people in the most effortless ways,” said Apoorv Shankar, cofounder and CEO, LazyCo.
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