Ultrahuman Bags INR 400 Cr in Series C Funding to Expand Global Wearables Biz

The company plans to use the new capital to re-enter the U.S. market with its redesigned smart ring, expand into new regions, and invest in the development of additional wearable categories.

Bengaluru-based healthtech startup Ultrahuman has successfully completed a Series C funding round, raising approximately ₹400 crore (around $48 million). This funding marks a significant milestone in the company's growth trajectory as it aims to broaden its presence in the global wearables market.

According to sources close to the matter, the funding round was reportedly led by Premji Invest. However, founder and CEO Mohit Kumar has clarified that Premji Invest did not participate and has opted not to provide additional information regarding the other investors involved.

While the specifics of the investor lineup are not yet clear, the size of the funding indicates ongoing interest in India’s expanding healthtech and wearable devices sector, especially among companies specializing in metabolic health and performance tracking.

The company plans to use the new capital to re-enter the U.S. market with its redesigned smart ring, expand into new regions, and invest in the development of additional wearable categories. 

A senior executive at Ultrahuman indicated that the company is exploring new product lines beyond its current offerings. This may include devices in various form factors, such as wrist-based wearables, as well as products designed for home use. The company is also expected to continue investing in research and development to enhance its product ecosystem.

Founded in 2019, the company has established itself at the crossroads of fitness, healthcare, and consumer technology. The Series C funding is anticipated to enable the startup to expand its operations internationally and compete more effectively with global players in the wearable technology market.

Ultrahuman has successfully raised over $60 million in equity funding from investors, including Rainmatter Capital, Nexus Venture Partners, Blume Ventures, Alpha Wave Incubation, and Steadview Capital. In late 2025, the company also secured ₹100 crore in venture debt from Alteria Capital. 

The company’s product lineup is continuously evolving, with its latest offering, the Ring Pro, focusing on performance enhancements such as longer battery life and improved computing capabilities. While the earlier model, the Ring Air, emphasized a lightweight design and comfort, the new version aims to deliver advanced features for serious users.

Ultrahuman's strategy centers on creating a comprehensive health ecosystem that integrates hardware, software, and data insights. With increasing global interest in preventive healthcare and fitness tracking, the company is well-positioned to capitalize on this trend. The recent ₹400 crore Series C funding round not only strengthens its financial standing but also demonstrates confidence in its long-term vision. As Ultrahuman expands into international markets and diversifies its product range, it aims to establish itself as a significant player in the global wearables industry.

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