The company will utilise the fund to develop new products and expand in new geographies
WatchYourHealth (WYH), a health tech platform in India has raised $ 2.2 million ( Rs 18.50 crore) from Conquest Global Ventures Private Limited (CGVPL), a Singapore-based Venture Capital firm, marking its first foray into the Indian market.
The company will utilise the fund to develop new products and expand in new geographies. In addition to this, it will spend to bolster its sales and marketing efforts and build new office spaces.
Launched in 2015 by Ratheesh Nair, WYH has claimed to work with enterprise clients in healthcare delivery and healthcare financing, leveraging the SaaS platform with a phygital approach to improve health outcomes for their customers.
According to a company statement, WYH has been profitable for the financial year (FY) 2021 and 2022. The company believes that the newly-generated fund will help the company to accelerate its growth in FY23.
Ratheesh Nair, Founder and CEO of WYH, said , "For the last seven years, WYH has been dedicated to improving the “Health of our Indian clients” alongside our B2B Shared Value Partners. 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."
Venkat, Managing Partner of Conquest Global Ventures VCC, shared his excitement about the partnership, stating, "Conquest is very excited to embark on this journey with Watch Your Health and participate in its Series A funding. We are convinced that Ratheesh and the WYH team are exceptionally motivated to make India healthy and promote preventive wellness. Their B2B SaaS platform is unique as it combines multiple services under one roof and makes it extremely convenient for their Enterprise clients. We look forward to partnering with them on this journey and building a global presence."