Ultrahuman Secures ₹100 Crore in Venture Debt to Drive Global Expansion.

Bengaluru-based health-tech and wearables startup Ultrahuman has secured ₹100 crore in venture debt from Alteria Capital to accelerate its international expansion across Canada, Mexico and Australia. The company said the funding will serve as a bridge ahead of a significantly larger equity round expected to close in the coming weeks.

Ultrahuman, known for its premium health wearable ecosystem centred around its smart ring, has recorded rapid growth over the past two years. CEO Mohit Kumar said the company achieved ₹580 crore in net revenue in FY25, up from ₹105 crore in FY24 — more than a fivefold increase. Over the past two years, its revenue has grown 16 times, while the firm has remained profitable for eight consecutive quarters.

“We’ve grown 18 times in the last two years and remained profitable. While preparing for a larger round, we didn’t want to dilute equity prematurely — debt allowed us to structure the upcoming raise without slowing expansion,” Kumar told ET.