A New Delhi based health tech startup BeatO raised over 11 crores ($1.6 Mn) in a pre-series funding round. It’s existing investors such as Blume Ventures and Leo Capital also participated in this round.
The startup was launched by the trio Gautam Chopra, Yash Sehgal, and Abhishek Kumar in the year 2015. BeatO offers diabetes care and management application which uses a smartphone-based glucometer for blood glucose monitoring.
The app connects people with doctors and experts for guidance and also allows them to record readings. The app also has an alert option for family members.
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The startup will use the funding to expand its product line for its flagship glucometer. The plan is also to expand its services into the FMCG and retail categories. They will also upgrade for auto-suggestions based on blood sugar readings, and product development.
“As a company we are on a mission to scale up a credible full stack tech-enabled ecosystem for those with diabetes and, help them meet all of their specific needs to lead a healthy life. With an increase in the disposable income in the Indian middle-class, we foresee an increase in the discretionary spends. For a diabetic, we expect this to be channeled into personal management solutions and more consumption of customized food and retail products,” said Gautam Chopra, co-founder, BeatO.