Former CTO of Ola New Company Spry Raises € 3 Million in Seed Funding Round

Spry, India’s leading SaaS-based management, communication and evaluation platform for the movement health industry, today announced that it has raised US $ 3 million in a round of seed funding from a group of key investors. The round was led by Together Fund, India’s first venture capital fund led by founders. It has also seen the participation of a number of other top names including FJ Labs, the venture capital firm of OLX co-founder Fabrice Grinda, Pareto, the early stage venture capital firm. from Shutterstock founder Jon Oringer, Knowledge Capital, AngelList, Whiteboard Capital, founders of Silicon Valley-based healthcare SaaS company Innovaccer, C-suite runs multinationals such as Blackrock, TPG, Softbank, Qualcomm and the founders from several Indian SaaS companies, among others.

Founded in 2021 by former CTO of Ola Brijraj Bhuptani and Riyaz Rehman, Spry aims to democratize the accessibility and affordability of movement health through its comprehensive digital health platform. It is the first vertical SaaS in India that allows practitioners and business owners of physiotherapy centers to manage all their clinical and administrative functions using a single tool. Spry supports all critical clinic functions, from planning to patient reception and communication, assessments, EMRs, home exercise plans, adherence monitoring and management. life cycle of patients.

Spry’s mixed-care model uses computer vision and machine learning to digitize clinical and administrative functions for physiotherapy practitioners and caregivers. On the patient side, the automation of evaluations and feedback improves the visibility and understanding of this progression of care. The end result is better program adherence and better health outcomes.

This funding round will be deployed by Spry to strengthen its product development function, expand and strengthen its market share in India and launch its go-to-market (GTM) strategy in the United States.

“Professional athletes and sportspersons spend huge sums on mobility and conditioning to make sure their bodies stay in top physical condition. The health of the movement plays a vital role in the general well-being of every human being and, as such, should be accessible to all. Everyone deserves a pain-free life and, more importantly, the freedom to pursue whatever they want to be, whether they are weekend warriors, sportsmen, or even those who want to be fit enough to play with their children. That was the genesis of Spry, ”said Brijraj Bhuptani, co-founder and CEO of Spry.

“Movement health is not monitored regularly. This is mainly because, unlike diabetes and heart health, there are no verified quantifiable indicators for overall mobility and conditioning to raise a red flag or make a person change their lifestyle. Our approach is responsive and we only start taking steps to treat it when the pain becomes too severe to manage. Through Spry, we aim to democratize access to movement health and help people integrate it into their daily routines rather than going for a quick fix. He added further.

“Our goal at Together is to invest in startups that build products for the world, from India. We believe the health of the movement is an issue plaguing the world and the technological approach of Spry and the team behind makes it a forerunner in space. The founders are not new to solving big, large-scale problems. Brijraj was the founder of Ridlr, an end-to-end public transport and commuting app, which was eventually bought out by Ola. He was then Chief Product and Technology Officer (CPTO) at Ola until very recently. Riyaz was an integral part of Ridlr’s journey as Chief Business Officer (CBO) managing relations with large public organizations. commented Manav Garg, Managing Director of Together Advisors.

As individuals become more tolerant of digital health solutions, investments in the space have accelerated rapidly. Despite this, the digital health framework in the movement health industry is very fragmented and leaves a lot to be done in its infancy. Spry aims to capitalize on this change. Spry’s mixed-care model saves healthcare providers significant time and money through the digitalization of clinical and administrative functions, while patients have better access and a better understanding of the options available to them. ‘offer to them and the progress of their treatments. This creates a win-win situation for key stakeholders, which in turn will help move the industry forward.