YC backed startup Breathe Well-being will be using the funds in helping people prevent, manage and reverse Type 2 diabetes.
On Tuesday, Gurugram based health startup Breathe Well-being raised $1 Million in pre-Series A round led by 3one4 Capital
The round also saw participation from Ashish Gupta, former Managing Director of Helion Ventures and investor with platforms like Flipkart, MakeMyTrip, and naukri.com; Anjali Bansal, Founder of Avaana Capital; Suhail Sameer, Group President of BharatPe.
Breathe Well-being was founded by Rohan Verma and Aditya Kaicher in 2020 during pandemic, the startup offers a clinically proven and personalised digital programme to beat the disease by helping users reduce HbA1c and lose weight.
The fresh round of funding will be used to strengthen its coaching academy, build the core team, and upgrade its technology platform.
CEO and Co-founder of Breathe Well-being, Rohan Verma said, “Our programme focuses on 70 Million diabatic people who feel they have no choice but to stay on medications. The number is growing day by day and will reach around 130 Million by 2025. The current funding will help us in our journey as we are seeing significant traction on both 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.” He added that the startup is gaining visibility through word-of-mouth. ”
According to a statement given by a startup they have impacted over 10,000 users to lose weight, reduce blood sugar and prevent other health complications.
Anurag Ramdasan, Principal and Head of Investments, 3one4 Capital commented that the startup has a unique delivery model with direct to consumer, community and coach driven modes.
“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 are perfectly positioned in creating a healthcare revolution in the digital delivery space and we are super excited to be part of this journey,” he added.
Backed by Silicon Valley based prestigious accelerator Y Combinator, the startup is offering special yoga classes at free of cost amidst the second second wave of COVID-19.