Health Tech Platform WatchYourHealth Secures $2.2 Million in Series A round Funding
WatchYourHealth a leading Health Tech platform, has successfully raised $2.2 million in its Series A funding round, marking a significant milestone for the company and its expansion plans. The funding was led by Conquest Global Ventures Private Limited (CGVPL), a Singapore-based Venture Capital firm making its foray into the Indian market. Since its launch in 2015 by Ratheesh Nair, Founder and CEO, WYH has been dedicated to improving healthcare outcomes for enterprise clients through its innovative SaaS platform. The platform utilizes a phygital approach to healthcare delivery and financing, with a focus on enhancing health outcomes for customers.
WYH has achieved remarkable success as a bootstrapped entity, achieving profitability in FY21 and FY22. This new round of funding in FY23 will propel the company into its next phase of growth, enabling product development, geographic expansion, sales and marketing efforts, office space upgrades, and inventory enhancements. Expressing his excitement about the partnership with CGVPL, Ratheesh Nair stated, “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.”
With an impressive top-line Compound Annual Growth Rate (CAGR) of 100% over the past three years, WYH currently serves over 10 million users through its B2B integrated SaaS platform. The platform offers cutting-edge consumer engagement solutions, making it a pioneer in the industry.
Venkat, Managing Partner of Conquest Global Ventures VCC, shared his enthusiasm 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. We look forward to partnering with them on this journey and building a global presence.”
The strategic investment from Conquest Global Ventures reflects their confidence in WYH’s vision and potential to revolutionize healthcare consumer engagement. The collaboration aims to drive innovation, foster global expansion, and make a lasting impact on the healthcare industry.
WYH has achieved remarkable success as a bootstrapped entity, achieving profitability in FY21 and FY22. This new round of funding in FY23 will propel the company into its next phase of growth, enabling product development, geographic expansion, sales and marketing efforts, office space upgrades, and inventory enhancements. Expressing his excitement about the partnership with CGVPL, Ratheesh Nair stated, “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.”
With an impressive top-line Compound Annual Growth Rate (CAGR) of 100% over the past three years, WYH currently serves over 10 million users through its B2B integrated SaaS platform. The platform offers cutting-edge consumer engagement solutions, making it a pioneer in the industry.
Venkat, Managing Partner of Conquest Global Ventures VCC, shared his enthusiasm 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. We look forward to partnering with them on this journey and building a global presence.”
The strategic investment from Conquest Global Ventures reflects their confidence in WYH’s vision and potential to revolutionize healthcare consumer engagement. The collaboration aims to drive innovation, foster global expansion, and make a lasting impact on the healthcare industry.
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