Elevate Now raises pre-seed funding led by W Health Ventures
- ByStartupStory | March 2, 2023
India’s first medical weight loss company, Elevate Now, has secured pre-seed funding led by W Health Ventures, a healthcare-focused VC that invests in and grows tech-enabled early-stage healthcare firms. The funding will enable Elevate Now to expand its operations and offer innovative weight loss solutions to more people across India. The company offers medication-based weight loss programs, personalized health coaching, and habit coaching based on clinical protocols designed for the Indian population.
Elevate Now plans to establish more offline partnerships to speed up its nationwide expansion, aiming to set up over 10 clinics throughout India in 2023. The company’s doctor-led approach to weight loss is revolutionizing the industry and empowering millions of individuals to achieve a healthier lifestyle.
Obesity is a significant public health issue in India, with around 340 million people being overweight or obese, which is roughly one in four Indians. The problem is exacerbated by the rapidly changing and sedentary lifestyle, along with a genetic predisposition of Asians.
This trend has dire consequences on life expectancy, with more than two million people dying due to obesity-related reasons. Additionally, around 60% of the workforce is estimated to be overweight, leading to a decline in productivity, and nearly 70% of obese patients suffer from mental health problems. Despite several weight loss solutions available in the market, the problem remains unresolved, causing significant customer frustration.
Elevate Now is disrupting the weight loss industry in India with its innovative approach that combines doctor-led medication-based programs with personalized health and habit coaching. With a focus on the Indian market, the company has developed clinical protocols tailored to the needs of Indians, making it a unique solution. The programs are supported by scientific advancements and are the first of their kind created and documented by leading obesity specialists. Elevate Now offers customized weight loss medicines prescribed by doctors based on the severity of the condition, comorbidities, and affordability, with prices ranging from INR 100 to INR 10k per month. The company also has a clinical advisory board led by top obesity specialists in India.
W Health Ventures is a venture capital fund that specializes in healthcare and invests in early-stage companies that focus on using technology to improve care delivery and address unmet healthcare needs. The fund operates in both the United States and India.
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