Watch Your Health Raises $5 Million from Cornerstone Ventures and Conquest Global
- ByStartupStory | July 3, 2024
Watch Your Health, a leading B2B healthtech platform specializing in personalized health management solutions for insurers and pharmaceutical companies, has secured $5 million in a recent funding round led by Cornerstone Ventures and Conquest Global. The investment aims to bolster the company’s technological infrastructure, expand its global user base, and introduce innovative health management solutions.
Established in 2015, Watch Your Health utilizes AI-driven analytics to provide tailored health insights, empowering individuals and organizations to proactively manage their well-being. Ratheesh Nair, Co-founder of Watch Your Health, expressed enthusiasm about the funding, highlighting its potential to drive technological advancement and enhance service offerings.
“Our mission is to transform health management through AI-driven insights and personalized care,” said Nair. “This investment will allow us to scale our operations and introduce advanced predictive analytics for disease prevention and post-hospitalization care.”
Cornerstone Ventures Partner, Nanika Kakkar, emphasized the transformative impact of Watch Your Health’s platform on healthcare outcomes and insurance premiums.
“It not only improves persistence with intelligent algorithms for underwritten premium discounts but also enhances health and well-being through continuous engagement, ultimately reducing insurance claims,” Kakkar remarked.
Watch Your Health has forged strategic partnerships with prominent healthcare providers, including Watania Takaful and Shalina Healthcare in the UAE, integrating their services to enhance its platform’s capabilities.
The global digital health market, projected to reach $509.2 billion by 2025, underscores the sector’s rapid growth and potential. According to a Bain & Company report, India’s healthcare innovation sector represents a $30 billion opportunity, set to double by FY28 with substantial structural changes.
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