Healthtech platform WatchYourHealth (WYH) has raised $ 2.2 million (about 18.50 crore) led by Conquest Global Ventures Private Limited (CGVPL) which is a Singapore-based venture capital firm. This is the maiden investment of CGVPL in the Indian market.
The funds will be allocated towards product development, geographic expansion, sales and marketing efforts, office spaces, and inventory enhancement, WYH said in a press release.
Founded in 2015 by Ratheesh Nair, WYH works with enterprise clients in healthcare delivery and healthcare financing, leveraging, SaaS platform with a phygital approach to improve health outcomes for their customers. With a focus on delivering exceptional results through innovative solutions, WYH empowers its clients to increase customer engagement, boost customer lifetime value (LTV), and enhance profitability.
With a consistent top-line Compound Annual Growth Rate (CAGR) of 100% over the past three years, WYH claims to serve over 10 million users offering consumer engagement solutions through its B2B integrated SaaS platform.
“..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. We believe we have found a trusted partner in Conquest Global, who will support our growth in India and help take WYH global. We intend to expand our operations beyond India across key markets like Japan, Singapore, UAE, Indonesia and Bangladesh,” said Nair.
WatchYourHealth competes with Healthians which raised its last round in 2019. The Gurugram-based company was reportedly in process to raise $54 million from Westbridge and others.
