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- Breathe Well-being will use the funding to strengthen the coaching academy, expanding the team, and scaling up its tech platform.
- The startup helps people prevent, manage and reverse Type 2 Diabetes.
- Angel investors including Ashish Gupta, Anjali Bansal, Suhail Sameer, and SAE India also participated in the round.
Gurgaon-based health-tech startup Breathe Well Being, which helps people to prevent type 2 diabetes, has raised US$1 million in a pre-Series A funding round led by Bangalore-based early-stage venture capital firm 3one4 Capital.
The round also saw participation from angel investors Ashish Gupta (ex-MD Helion Ventures, investor in Flipkart, MMT & naukri.com), Anjali Bansal (Founder Avaana Capital), Suhail Sameer (Group President BharatPe) & Stanford Angels & Entrepreneurs India (SAE India).
Prior to this round, Silicon Valley-based startup accelerator Y Combinator had invested in Breathe Well-being. According to the press statement, the startup will use the funding to strengthen the coaching academy, expanding the team, and scaling up its tech platform to drive more growth.
Founded in 2020 by Rohan Verma and Aditya Kaicker, Breathe Well-being is helping 70 million Indians to prevent, manage and reverse Type 2 Diabetes. The startup's clinically proven digital program uses a personalized coach-driven, community-first approach through interactive gamification to help people with Type 2 Diabetes reduce HbA1c, lose weight and reduce medication dependability.
Since its inception, Breathe Well-being continues to achieve a 30% m-o-m growth rate and has seen a 22X increase in its membership base, the statement said. The startup claims that the program has helped over 10,000 members to lose weight, reduce blood sugar and prevent health complications.
Commenting on the development, Rohan Verma, Co-founder and CEO, Breathe Well-being, said, "Breathe Well-being is attempting to address a complex problem beautifully which is seeing a high growth rate due to strong word of mouth. Our clinically proven program addresses 70 million diabetic people who feel that they have no choice but to stay on medications. This number is set to touch 130 million by 2025. We, at Breathe Well-Being, want to engage pre-diabetes and diabetes patients and help them manage/reverse their condition to lead a healthier life."
He further added by saying "The current fundraise comes at a crucial point in our journey as we are seeing significant traction both on the users and coaches side. The funds raised will help us grow our capabilities both from tech and coaches perspective and also enable us to scale exponentially.”
Anurag Ramdasan, Principal & Head of Investments, 3one4 Capital, said, "Breathe Well-being has a phenomenal team with deep expertise in healthcare, community and lifestyle management and we think are perfectly positioned in creating a healthcare revolution in the digital delivery space and we are super excited to be part of this journey.”
The startup have launched free Covid Special Yoga classes to help customers to increase their immunity and address Covid related symptoms. Additionally, It has also launched medical insurance and a mental wellness therapy program for its employees to help them deal with the Covid crisis and bereavement in their families.
According to the startup, India is the diabetes capital of the World with 150 million patients suffering from chronic lifestyle diseases such as Type 2 Diabetes, PCOD, thyroid, and hypertension. It has been reported that 24% of people across age groups are prediabetic.
The startup is aiming to help over 10 million Indians over the next five years to reverse and manage Type 2 Diabetes while building a trusted community for chronic diseases suffering people.
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