Mumbai-based health-tech startup, Watch Your Health, announced today that it has raised $5 million in a Series A funding round co-led by Cornerstone Ventures and Conquest Global. The company plans to use the funds to expand its operations and user base, and enhance its technological capabilities. Co-founded in 2015, Watch Your Health serves in the B2B space, providing insurers and pharmaceutical companies with advanced analytics and personalized recommendations for their customers to improve their health. The company also aims to introduce new features such as electronic behavior records, mental health support, and advanced predictive analytics to prevent diseases and manage chronic conditions. Stay updated with the latest business news, stock market updates, and more through Zee Business's coverage, and save money with their personal finance coverage and income tax calculator. Follow Zee Business on Twitter, Facebook, and YouTube for live business updates.
Watch Your Health Raises $5 Million in Series A Funding
Background
Watch Your Health is a Mumbai-based health-tech startup founded in 2015. The company operates in the B2B space, providing advanced analytics and personalized recommendations to insurers and pharmaceutical companies to help their customers improve their health.
Funding Round
On January 12, 2023, Watch Your Health announced that it had raised $5 million in a Series A funding round co-led by Cornerstone Ventures and Conquest Global. The company plans to use the funds to expand its operations and user base, and enhance its technological capabilities.
Expansion Plans
Watch Your Health plans to use the funding to expand its operations in India and abroad. The company also aims to develop new features, such as electronic behavior records, mental health support, and advanced predictive analytics. These features are designed to help prevent diseases and manage chronic conditions.
Market Opportunity
The global health-tech market is expected to grow significantly in the coming years. According to Grand View Research, the market is projected to reach $685.9 billion by 2030, with a compound annual growth rate (CAGR) of 10.4% from 2023 to 2030.
Top 5 FAQs
1. What is Watch Your Health? Watch Your Health is a health-tech startup that provides advanced analytics and personalized recommendations to insurers and pharmaceutical companies.
2. Who led the Series A funding round? Cornerstone Ventures and Conquest Global co-led the Series A funding round.
3. How much funding did Watch Your Health raise? Watch Your Health raised $5 million in its Series A funding round.
4. What does Watch Your Health plan to do with the funding? Watch Your Health plans to use the funding to expand its operations, enhance its technological capabilities, and develop new features.
5. What is the market potential for Watch Your Health? The global health-tech market is expected to reach $685.9 billion by 2030, with a CAGR of 10.4% from 2023 to 2030.
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