Health Tech platform WatchYourHealth raises $2.2M in Series A funding from Conquest Global Ventures

Singapore-based Venture Capital firm, Conquest Global Ventures Private Limited (CGVPL), has made its first investment in the Indian market by providing USD 2.2 million (18.50 crores) to Health Tech platform WatchYourHealth (WYH). WYH, founded in 2015 by Ratheesh Nair, is a leading player in healthcare delivery and financing, utilizing a Software-as-a-Service (SaaS) platform with a phygital approach to enhance health outcomes for its enterprise clients.

Having achieved profitability in fiscal years 2021 and 2022 as a bootstrapped entity, WYH is now set to embark on its next phase of growth and expansion with the latest round of funding in fiscal year 2023. The newly acquired funds will be strategically allocated towards product development, geographical expansion, sales and marketing initiatives, office space acquisition, and inventory enhancement.

Ratheesh Nair, the Founder and CEO of WYH, expressed his enthusiasm about the collaboration with CGVPL. This strategic investment from Conquest Global Ventures reflects their strong belief in the vision and potential of WYH. The partnership aims to drive innovation, foster global expansion, and revolutionize consumer engagement within the healthcare industry.

Conquest Global Ventures, as a Singapore-based Venture Capital firm, is dedicated to supporting and investing in high-potential businesses. CGVPL actively seeks out innovative companies with a promising outlook for rapid growth and global reach. The partnership with WYH marks CGVPL’s entry into the Indian market, highlighting the attractive opportunities they perceive within the healthcare sector.

The investment from CGVPL not only provides WYH with the necessary financial resources but also brings valuable expertise and guidance to accelerate the company’s growth trajectory. By leveraging advanced technology and adopting a phygital approach, WYH aims to improve health outcomes for its customers and transform healthcare delivery and financing practices.

“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,” he said.

“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.”

Through its B2B integrated SaaS platform, WYH is presently serving over 10 million customers and providing cutting-edge consumer engagement solutions. Over the last three years, the company has maintained a top-line Compound Annual Growth Rate (CAGR) of 100%, making it one of the fastest-growing companies in the world.

“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,” said Venkat, Managing Partner of Conquest Global Ventures VCC.

“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.”

The collaboration between WYH and CGVPL holds the potential to disrupt the healthcare landscape through innovative solutions and enhanced consumer engagement. The infusion of funds will fuel WYH’s efforts in product development, enabling the platform to introduce new features and capabilities that address the evolving needs of its enterprise clients and end-users.

Geographical expansion is another key aspect of WYH’s growth strategy. With the support of CGVPL, WYH aims to enter new markets and reach a wider customer base, thereby making a greater impact on global healthcare delivery and financing practices. This expansion will not only strengthen WYH’s market presence but also foster cross-border collaborations and partnerships within the healthcare ecosystem.

The funding will also be instrumental in bolstering WYH’s sales and marketing efforts, enabling the company to raise awareness about its innovative solutions and attract new enterprise clients. By effectively communicating the value proposition of WYH’s platform, the company can expand its customer base and generate sustainable revenue growth.

Additionally, the funds will facilitate the acquisition of suitable office spaces to accommodate WYH’s growing team and support its operational needs. Furthermore, inventory enhancement will ensure that WYH can continuously improve and optimize its platform, providing a seamless and user-friendly experience for its customers.

The strategic investment from Conquest Global Ventures Private Limited marks a significant milestone for WYH as it embarks on its next phase of growth and expansion in the Indian market. With the support of CGVPL, WYH aims to accelerate its innovation efforts, drive global expansion, and redefine consumer engagement in the healthcare industry. The collaboration holds the potential to transform the way healthcare is delivered and financed, ultimately leading to improved health outcomes for individuals and communities.