BeatO, a diabetes care startup, raises series B funding of $33 million from Lightrock
Digital solution for Diabetes care platform BeatO on November 16 announced that it had raised $33 million (around Rs 269 Crores) in a Series B funding led by Lightrock India with participation from Flipkart, HealthQuad and existing investors.
The funds will be used to expand diabetes care programmes pan-India, strengthening the leadership team and invest in products and technology.
BeatO was founded by Gautam Chopra, Yash Sehgal and Kunal Kinalekar in 2015. The startup provides affordable, comprehensive and patient-centric digital solutions to people with diabetes, who have limited access to good quality and continuous care.
Gautam Chopra, Co-Founder and CEO, said that “With our digital first solution, BeatO is well positioned to lay new standards of how care will be delivered in the future to millions of Indians. We are pleased to have a fantastic set of partners joining us on the journey who deeply resonate with our vision and bring solid capabilities to help us achieve our goal.” BeatO aims to serve over 10 million patients by 2025, to become India’s largest diabetes care company.
(Edited by Rajeev Pillai)