Gurgaon-based health-tech startup that helps people prevent, manage, and reverse Type 2 Diabetes, Breathe Well-being, has raised $1 million in a Pre-Series A round led by 3one4 Capital.
The round also saw the participation of prolific angel investors like Ashish Gupta (ex-MD Helion Ventures, MMT & Naukri.com), Anjali Bansal (Founder Avaana Capital, Former Chairman Dena Bank- Bank of Baroda), Suhail Sameer (Group President BharatPe) & Stanford Angels & Entrepreneurs India (SAE India).
Founded in 2020 by Rohan Verma (ex-McKinsey) & Aditya Kaicker (ex-Accenture), the startup plans to invest the fresh funding to strengthen its coaching academy, build the core team, and to upgrade its technology platform.
Speaking on the fundraise, Rohan Verma, Co-founder and CEO of Breathe Well-being, says, “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. The current fundraiser comes at a crucial point in our journey as we are seeing significant traction on both the users’ and coaches’ sides. The funds raised will help us grow our capabilities both from tech and coaches’ perspectives and also enable us to scale exponentially,” Verma added.
Commenting on the investment, Anurag Ramdasan, Principal & Head of Investments, 3one4 Capital, says, “Breathe Well-being is unique in its direct-to-consumer, community, and coach-driven healthcare delivery model, and we are firm believers in this approach to health care. Rohan and Aditya have shown amazing insights in building this company, and their strong approach to first principles and fundamentals have us excited to lead their round.”
“Breathe Well-being has a phenomenal team with deep expertise in healthcare, community, and lifestyle management, and we think we are perfectly positioned to create a healthcare revolution in the digital delivery space, and we are super excited to be part of this journey,” he added.