Diabetes startup Breathe Well-being raises $1 million from 3One4, others

Mumbai: Y Combinator-backed healthtech startup Breathe Well-being has raised $1 million in a pre-Series A funding round led by 3One4 Capital.

Angel investors Sandeep Singhal (managing director, Nexus Venture Partners), Ashish Gupta (ex-MD, Helion Ventures, investor in Flipkart, MakeMyTrip and Naukri) and Stanford Angels and Entrepreneurs India also participated. Y Combinator had invested in the firm during its 2020 winter batch.

Based in Gurugram, Breathe Well-being has an app called Breathe that helps people prevent, manage and reverse type-2 diabetes. The company claims to have a clinically proven digital programme, which uses a personalised approach to help people with the disease reduce their blood sugar, lose weight, and eventually stop medication.

The programme has so far helped more than 10,000 people lose weight, reduce their blood sugar and prevent health complications, the company said in a release. “Funds raised will be used for scaling up the tech platform, strengthening the coaching academy and team expansion,” it added.

Started in 2020 by Rohan Verma (ex-McKinsey) and Aditya Kaicker (ex-Accenture), both second-time founders in the healthtech segment, Breathe has grown 30% month-on-month and has registered a 22X increase in its membership base over a 12-month period.

“Diabetes is a nasty disease. If left untreated, it can lead to complications that include heart disease, stroke, kidney damage and nerve damage. Adults with diabetes are at 2-3 times the risk of heart attacks and strokes. The current solution, medications, have a long-term impact on one’s health too,” said Verma, co-founder and CEO. “We wanted to address the root cause of type 2 diabetes, which is insulin resistance, by helping people increase their body’s ability to tolerate glucose by making lifestyle interventions through diet, exercise and meditation.”

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India is the diabetes capital of the world, with 150 million people suffering from chronic lifestyle diseases such as type 2 diabetes, polycystic ovary syndrome, thyroid disorders and hypertension. The company plans to reach out to 10 million Indians over the next five years to reverse and manage type 2 diabetes.

“We are firm believers that the healthcare delivery model to reach the masses should be tech-abled. Breathe Well-Being is attempting to unlock this potential and is already showing good results,” said Anurag Ramdasan, principal & head of investments, 3one4 Capital.


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