Healthtech Startup WatchYourHealth Bags Funding

SUMMARY

Launched in 2015 by Ratheesh Nair, WatchYourHealth (WYH) offers customer engagement services to the healthcare delivery and healthcare financing businesses

The startup will use the fresh funds to fuel the next phase of its growth and expansion plans

WYH intends to expand operations beyond India across key markets including Japan, Singapore, UAE, Indonesia and Bangladesh

Healthtech startup WatchYourHealth (WYH) has bagged $2.2 Mn from Conquest Global Ventures to drive innovation, foster global expansion, and revolutionise consumer engagement in the healthcare industry.

Launched in 2015 by Ratheesh Nair, WYH offers customer engagement services to the healthcare delivery and healthcare financing businesses by leveraging SaaS platform with a phygital approach.

The startup will use the fresh funds to fuel the next phase of its growth and expansion plans. The funds will be allocated towards product development, geographic expansion, sales and marketing efforts, office spaces, and inventory enhancement.

The startup aims to shape the future of consumer engagement in the healthcare industry through its B2B integrated SaaS platform and B2C marketplace.

WYH claims to have set a remarkable track record as a bootstrapped entity, achieving profitability in FY21 and FY22.

Commenting on the startup’s growth plans, founder Nair said, “As we surpassed the milestone of 10 million users on our SaaS platform at the beginning of FY24, we recognised the need to strengthen our product offerings and expand into similar geographies worldwide.”

Further adding to this, he said that WYH intends to expand operations beyond India across key markets including Japan, Singapore, UAE, Indonesia and Bangladesh.

India’s population certainly makes the country’s healthcare market a big opportunity for the startups and other big existing players. Despite the funding crunch and regulatory measures by the government on e-pharmacies, the healthtech startups are on the rise.

Recently, one of the competitors of WYH, Mykare bagged $2.01 Mn seed funding to elevate patient experience.

On Monday (June 26), another healthtech startup Karma Primary Healthcare bagged an undisclosed amount in a Series A funding to increase awareness, promote preventive healthcare, improve supply chain efficiencies, and improve curative service delivery.

Another in the row, HealthifyMe has recently bagged $30 Mn in its Pre-Series D funding round.