Delhi-NCR based healthtech platform BeatO has raised convertible debt of Rs 27 crore from their existing investors.
The company has passed a special resolution to allot 1,99,538 Series A CCD at issue price of Rs 1350 per debentures to raise 27 crore or $3.6 million.
The debt round is led by W Health Global LLC with 11.25 crore which is followed by Kotak Investments and Sage Hill Investors with Rs 5 crore and 3.75 crore respectively.
W Health Global LLC will hold 13.40% post preferential issue, whereas Kotak and Sage Hill post allotment percentage will be 1.80% and 1.35% respectively.
Founded by Gautam Chopra, Yash Sehgal, and Abhishek Kumar, BeatO provides a full-stack diabetes management programme that helps the user manage exercising, diet, medicine intake, and diagnosis, and connects the users with doctors and diabetes educators for instant real-time guidance.
The startup claims to have 300,000 paid members on its platform, adding 25,000 members every month.
In July last year, BeatO had raised Rs 42 crore in its pre-Series B round led by W Health Ventures.
