Bengaluru-based health-tech and wearables startup Ultrahuman has raised ₹100 crore in venture debt from Alteria Capital, with the company saying the infusion will support its rapid expansion across Canada, Mexico and Australia. The debt round is positioned as a bridge to a much larger equity raise that Ultrahuman expects to close in the coming weeks.

Ultrahuman, which has built a premium-positioned health wearable ecosystem anchored by its smart ring, has grown sharply over the last two years. CEO Mohit Kumar said the company posted ₹580 crore in net revenue in FY25, up from ₹105 crore in FY24 — a more than 5x jump. Over two years, revenue has expanded 16x, with the firm staying profitable for eight consecutive quarters.

“We’ve grown 18 times in the last two years and remained profitable

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