Watch Your Health, a health tech startup in Mumbai, India, has recently raised $5 million in Series A funding.
This money came from two important investors. Cornerstone Ventures from India and Conquest Global from Singapore.
This is a big success for Watch Your Health and shows the company’s growth.
With this funding, Watch Your Health is ready to grow even more in the digital health services market.
They plan to use the money to improve their technology and offer more services to more clients, aiming for bigger success in health.
Strategic use of funds for expansion and innovation
According to the INC42 Website, Watch Your Health intends to utilize the new $5 million investment to expand its operations and reach more customers.
They will intensify their operations, that is, increase their services and activities to benefit more clients.
It will also provide funds for enhancing its technological capacity.
This entails incorporating enhancements into their framework and equipment to make them better and more effective.
They will start developing new features for their platforms and enhance the existing ones to provide the users with the best experience.
This is a strategic investment aimed at increasing the capacity of Watch Your Health to offer new and improved health management solutions.
By enhancing the technology and adding its accessibility, the company wants to provide better and more progressive health services to its clients to support them in solving health-related issues.
A platform designed for the future
Watch Your Health, a B2B health tech startup was started in 2015.
The platform helps insurance and pharmaceutical companies by adding features.
Like health monitoring, diet and exercise management, and health tips based on data.
Some of the company’s clients are ICICI Lombard General Insurance, Kotak Life Insurance, Reliance General Insurance, Dr Lal PathLabs, Madhavbaug Clinics & Hospitals, and Zydus Cadila.
Positive impacts and testimonials
Ratheesh Nair, the co-founder of Watch Your Health said that the closing of the funding round will help to advance the technological platform and add new clients.
As well as develop new health management solutions.
Nanika Kakkar, a partner of Cornerstone Ventures added that it is beneficial that the company shows how much value it brings to the clients and has a business model based on value-sharing.
Growing with global partners
Similarly, Watch Your Health has also developed strategic alliances with major healthcare players.
Such as Watania Takaful and Shalina Health Care in UAE.
Such partnerships can be considered significant progress in its plans to enter the international market while strengthening its presence in the sphere of health.
Growing for the future
After this successful funding round, Watch Your Health plans its further development.
It aims at introducing new health management solutions and increasing its market share.
This comes after a previous increase of $2.
$2 million from Conquest Global Ventures in 2023 will evidence continuous investor interest in the new venture’s concept and planning.
Digital health growth
The digital health market in India is still growing. In 2024, it is worth about INR 73,873 Cr (USD 8.8 Bn).
Experts think this market will grow by 17% each year.
This market makes up about 67% of all healthcare spending and might grow to INR 4,01,578 Cr (USD 47.8 Bn) by 2033.
Because of this, Watch Your Health is in a good position to do well in this growing market, along with other strong health tech companies like MyKare, HealthifyMe, Practo, CureFit, and 1mg.
A future for watching your health
This $5 million funding might be just what Watch Your Health needs to grow and develop further.
The company plans to improve its health management solutions and reach more people.
Which could make a big impact on the digital health business.
As it grows and develops, the company is still dedicated to helping its clients and users all over the world feel better and stay healthy.
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