California and Chennai-based Healthtech startup Twin Health has raised $140 Mn in Series C funding round. Sequoia Capital India, ICONIQ Growth, Perceptive Advisors, Corner Ventures, LTS Investments, Helena and Sofina participated in the round among others.
Founded in 2018, Twin Health’s flagship “Whole Body Twin” product claims to be able to reverse and prevent chronic metabolic diseases. The service creates digital representation of an individual’s metabolism by collecting data using non-invasive wearable sensors and self reports.
The startup then uses this model to advise its customers on nutrition, sleep, exercise and other activities to help reverse the underlying conditions. The new infusion of capital will be used to scale its operations in India and the United States.
According to an early randomised control study published in the journal Diabetes Therapy, the startup’s technology holds promise in benefiting patients with type 2 diabetes when combined with precision nutrition guidance.
Jahangir Mohammed, Founder and CEO of Twin Health, had previously founded Jasper technologies, an IoT platform that was acquired by Cisco for $1.4 Bn in 2016
“We are each gifted a body. If given a chance, it can heal itself. Our Whole Body Digital Twin lives alongside you – giving you a view into your beautifully complex biology, continuously learning about your metabolism and telling you what you can do to improve your health in the moment,” said Mohammed.
With more than 77 Mn people suffering from diabetes, India has the second most diabetic country in the world. By 2045, India’s expected to be the most diabetic country with more than 134 Mn people affected.
Amidst this burgeoning health crisis, many healthtech startups are rushing to tackle the problem with different innovations. Last month, healthtech startup BeatO acquired Novique Health, which is a specialty clinic that specialises in the treatment and reversal of diabetes.
The acquisition came a few months after BeatO raised INR 42 Cr in a funding round led by W Health Ventures. Just weeks after the Novique acquisition, Sugar.fit, a Bengaluru-based startup that helps patients monitor and manage diabetes, raised $10 Mn in a seed funding round led by Cult.fit.