Health & Beauty

BeatO closes $33 Million in funding led by Lightrock;

Published

2 years ago

November 20, 2022

Admin

BeatO closes $33 Million in funding led by Lightrock; Healthquad and Flipkart join the round

BeatO is a specialist diabetes care provider with programs that have demonstrated significant outcomes in large scale clinical studies

● The fresh funding will be used to scale BeatO’s platform, continue to invest in its product and technology, and to strengthen the reach of its evidence-based care programs

● The company has grown 3X in the last year and is rapidly emerging as a market leader to disrupt the diabetes care ecosystem in India.

BeatO, a comprehensive digital care platform for controlling and reversing Diabetes, founded by Gautam Chopra, Yash Sehgal and Kunal Kinalekar, has raised $33 Million in Series B funding led by Lightrock with participation from HealthQuad, Flipkart and existing investors.

India will soon overtake China to become the diabetes capital of the world, with more than 200 Mn Indians at risk from Diabetes. What aggravates this problem even further is that a large part of this population is diagnosed late when there is already a high severity of the condition.

With a broken ecosystem and lack of specialists who can treat the condition, especially in Tier 2 cities and beyond where a large part of our population lives, a vast majority are left with limited or no access to continuous diabetes care. This results in 80% of the diabetic population living with uncontrolled blood glucose levels. Additionally, unlike developed markets, most expenses for a person with diabetes in India are out of their own pocket, and there are hardly any insurance products that even cover them for hospitalization.

BeatO is plugging this important gap in the ecosystem by providing an affordable, comprehensive and patient-centric digital solution to millions of people with diabetes who have limited access to good quality and continuous care. BeatO is expanding the diabetes care market; with over 70% of their users coming from Tier 2 cities and beyond, and 55% of their users never having used a blood glucose monitoring device previously. Currently serving more than 15 lakh members, the company has grown 3X in the last one year and is poised to become the market leader to disrupt the diabetes care ecosystem in India. In its mission to ensure affordability and access to specialist care, BeatO has also started to forge strategic partnerships with major ecosystem players from the Insurance and Pharmaceutical sectors to drive large-scale impact across the country.

BeatO’s real-world evidence-based studies have been published in global forums such as the prestigious American Diabetes Association (ADA), International Diabetes Federation (IDF) and at the Advanced Technologies and Treatment for Diabetes (ATTD). These are globally amongst the largest population-based studies and highlight BeatO’s ability to drive robust clinical outcomes for hyperglycemia, hypoglycemia, weight reduction and positive perception to digital diabetes care across different cohorts of age groups, gender and nature of diabetes. The results demonstrate that on average a BeatO user witnesses 1.8% point drop in their eHbA1c over a 90 day period.

Commenting on the new funding, Gautam Chopra, Co-Founder & CEO – BeatO said, “With our digital first solution, BeatO is well positioned to lay the 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.”

Tejasvi Ravi, who leads healthcare investments at Lightrock added, “BeatO is on an ambitious mission to re-design how diabetes is cared for in India. They are a world-class team that have demonstrated the ability to deliver consistent, high-quality and empathetic care resulting in clinical outcomes that are outstanding.”

The fresh funds will be utilized to expand BeatO’s diabetes care programs pan-India, invest in strengthening their leadership team and to further invest in BeatO’s product and technology. BeatO will also continue to build the evidence base for its care programs, setting the standard of care globally for diabetes. BeatO aims to serve over 10 million patients by 2025, becoming India’s largest Diabetes Care Company.

Ajay Mahipal, Director, HealthQuad said “BeatO’s full-stack integrated platform approach focused on diabetes care solves for accessibility, affordability and quality issues. Device-first engagement with clinical outcome backed Care Program solution aims to sustainably manage diabetes for the patients. BeatO is providing care across the continuum of monitoring, control and reversal. We remain committed to partnering with innovation-first firms providing access to quality care.”

Speaking on the investment, Ravi Iyer, Senior Vice President and Head – Corporate Development, Flipkart, said, “Through this investment in BeatO, Flipkart ventures is committed to supporting a business that is building next-generation innovations and evolving the digital health ecosystem. BeatO, with its holistic, differentiated and affordable digital care solution, is well placed to address the rising diabetes epidemic in India.”

The Company’s existing marquee investors include Orios Venture Partners, Leo Capital, W Health Ventures, Blume Ventures and others.

* * *

About BeatO

BeatO is a digital app-based platform that provides clinically proven, comprehensive diabetes care programs to prevent, control & reverse diabetes under the guidance of experts. The results of these programs have been published by top institutions such as the American Diabetes Association ADA) & Advanced Technologies and Treatment for Diabetes (ATTD). BeatO’s ecosystem includes its innovative smartphone-connected glucometers that work in unison with the BeatO app to provide personalized insights and 24X7 access to an experienced team of medical experts – health coaches, nutritionists and top doctors. BeatO also provides a complete one-stop solution for all daily diabetes essentials such as medicines, lab tests, diabetes friendly foods & products.

To learn more, please visit:

https://www.beatoapp.com/

About Lightrock

Lightrock is a global private equity platform that seeks to achieve financial as well as societal and environmental returns by investing in businesses that contribute positively to humankind and the planet. Lightrock has invested in more than 60 high-growth companies that pursue scalable and tech-driven business models around the key impact themes of people, planet, and business productivity. Lightrock is backed by the Princely House of Liechtenstein and LGT, the international private banking and asset management group.

About HealthQuad:

HealthQuad is India’s leading digital health focused venture capital fund with assets under management of USD 200 Mn across two funds. HealthQuad’s focus is to nurture innovative models which radically improve healthcare access and affordability leveraging technology. The platform offers a distinctive blend of clinical, operating and investing experience along with access to a rich healthcare ecosystem across multiple geographies which helps in superior value creation for portfolio companies.

Health & Beauty

Baby Forest Ayurveda opens new brick and mortar store in Noida

Published

3 days ago

July 24, 2024

Neha Tyagi

July 2024: Baby Forest Ayurveda, a leading name in ayurvedic baby care, has launched its newest store in DLF Mall of India, Noida, Uttar Pradesh.
Founded in 2022, Baby Forest brings out the best of nature by offering products made up of all-natural ingredients. The brand wishes for every baby to enjoy the benefits of a forest, where Ayurveda was born and where natural, organic nourishing solutions reside.

Located in the heart of Noida, the new store provides an immersive experience where customers can explore a diverse range of products designed to bring the best of wholesome wellness for your baby. From gentle skin care essentials to organic clothing, each product is crafted using age-old ayurvedic formulations and thoughtfully displayed with informative details. Knowledgeable staff members are on hand to offer guidance and address queries, providing a personalised shopping experience.

Baby Forest Ayurveda opens new brick and mortar store in Noida

The store’s ambience characterised by earthy tones and textures reflects the brand’s commitment to blending luxury, sustainability, and traditional Indian wellness practices.
Holistic Baby Care on Display: The store showcases the brand’s comprehensive range of baby care products, all meticulously crafted using Ayurvedic principles and natural ingredients. From gentle washes, nourishing hair oils, hydrating face cream, ayurvedic face wash to massage oils and specially designed BPA FREE patented feeding bottle, each item is imbued with the transformative power of Ayurveda.

A Journey of Discovery: The store layout is designed to guide customers on a journey of discovery.
Informative displays highlight the benefits of each product, allowing parents to make informed choices that align with their child’s unique needs and Ayurvedic principles. Knowledgeable staff is also available to answer questions and provide expert guidance.
More Than Just Products: Baby Forest’s flagship store goes beyond simply selling products like bath ritual collection, everyday essentials, organic clothing, It also offers a captivating educational experience.

Visitors can learn about the rich history and philosophy of Ayurveda, gaining a deeper appreciation for these time-honored practices. This holistic approach sets Baby Forest apart, empowering parents to embrace the power of Ayurveda in their child’s well-being.
A Haven for Wellness: The flagship store marks Baby Forest’s commitment to providing an
exceptional customer experience. Here, luxury meets sustainability and ancient wisdom to create a have of holistic well-being for babies. The store serves as an invitation for parents to embark on a transformative journey, seamlessly integrating Ayurveda into the fabric of their baby’s care.
The founder of Baby Forest said, ‘We are thrilled to open our new store in Noida, bringing the essence of Ayurveda closer to families. Our goal is to create a sanctuary where every product embodies the purity of nature, ensuring that each baby receives the gentlest care possible.’
Their offerings are; Made with natural ingredients, Authentic Ayurvedic Formulations, Paraben and Sulphate free, Cruelty Free, Derma Safe and Handcrafted in India. Baby Forest Ayurveda invites you to discover a sanctuary of natural goodness that celebrates every baby’s journey with tenderness and care.
Address: Baby Forest, E-449, 3rd Floor, DLF Mall of India, Sector-18, Noida, Uttar Pradesh 201301
Website: https://www.babyforest.in/
Instagram: https://www.instagram.com/babyforestayurveda/?hl=en

Health & Beauty

The Face Shop Unveils the Vitamin Lip Sleeping Mask: A Revolution in Lip Care

Published

1 week ago

July 18, 2024

Neha Tyagi

The Face Shop Unveils the Vitamin Lip Sleeping Mask: A Revolution in Lip Care

#VitaminLipSleepingMask #LipCareRevolution #KBeauty #RadiantLips #VitalVitaSolution

July 2024: The Face Shop, No. 1 global K-Beauty brand in India, launched its latest breakthrough: The Vitamin Lip Sleeping Mask. This luxurious new product is poised to revolutionize lip care with its unique blend of active ingredients and transformative benefits.

The Vitamin Lip Sleeping Mask exemplifies The Face Shop’s dedication to high-quality skincare. Featuring the exclusive Vital Vita Solution, this lip mask is a cocktail of five powerful skincare ingredients—Hyaluronic Acid, Niacinamide, Vitamin C, Vitamin B5 (Panthenol), and Amino Acids that delivers deep hydration, evens skin tone, and leaves lips plump and radiant. This lip mask will revolutionize lip care, marking orange as the new pink.

Key Benefits:

Brightening and Moisturizing: The mask brightens and evens skin tone while providing intense, long-lasting hydration that penetrates deeply, ensuring your lips are nourished and revitalized.
Dual Functionality: This versatile mask is not just for nighttime use; it also doubles as a daytime lip balm, seamlessly integrating into any beauty routine. It also works as a perfect base under lipsticks. A triple threat: it serves as a lip balm, lip mask, and lip primer.
Khushi Kapoor’s Favorite: Endorsed by Khushi Kapoor, this mask is the ultimate lip care product for those who admire her lifestyle and beauty choices.
Premium and Travel-Friendly: The sleek, vibrant orange packaging is both stylish and practical, making it easy to carry and perfect for on-the-go use.

Nourishing Ingredients for Lip Vitality:

Ascorbyl Glucoside: Stabilized derivative of Vitamin C that helps the skin glow.
Vitamin B3 (Niacinamide): Brightens, moisturizes, reinforces the skin barrier, and soothes.
Pro-vitamin B5 (Panthenol): Supports the skin barrier, locks in moisture, and soothes the skin.
Hyaluronic Acid: Delivers moisture deep into the top layers of the skin
Amino Acids: Attracts and retains moisture

The Vitamin Lip Sleeping Mask is more than just a lip care product; it’s a beauty essential. With its rich, thick texture and powerful ingredients, it promises to deliver visible results overnight, making it a must-have for every beauty enthusiast. Known for its light, balm-like texture, and refreshing orange scent, it offers long-lasting hydration that creates a protective layer over your lips all night long, gently melting away dryness and dead skin cells. Designed to be travel-friendly, its compact packaging can easily fit into any bag.

Price: INR 1295/-

Check out the Vitamin Lip Sleeping Mask here.

Events

ITDC Organizes Free Medical Camp in Collaboration with Delhi Heart and Lung Institute, New Delhi

Published

1 month ago

June 14, 2024

Neha Tyagi

ITDC Organizes Free Medical Camp in Collaboration with Delhi Heart and Lung Institute, New Delhi

~ A Partnership Reflecting Commitment to Community Welfare and Quality Healthcare Services ~

4^th June 2024, New Delhi: The India Tourism Development Corporation (ITDC), in collaboration with the Delhi Heart and Lung Institute, New Delhi, successfully organized a free medical camp at its flagship hotel The Ashok, New Delhi on 1st June 2024. This significant initiative aimed to provide essential healthcare services to its employees, showcasing ITDC’s commitment to community well-being and its collaboration with esteemed medical institutions. The medical camp featured a team of 15-20 skilled doctors, including paramedical staff and support staff, from the Delhi Heart and Lung Institute, New Delhi. These professionals, including specialists and allopathy experts, offered consultations, screenings, and free Blood Sugar and Blood Pressure tests for all attendees.

Mr. Lokesh K. Aggarwal, Director of ITDC, expressed his enthusiasm for the initiative, stating, “This camp was specially undertaken to benefit the ITDC employees offering them essential medical screening and consultations. Corporate administration and The Ashok played a crucial role in facilitating the medical camp, ensuring smooth and efficient operations at the venue.” He further added, “This partnership between ITDC and the Delhi Heart and Lung Institute exemplifies our efforts to promote health and wellness, aligning with the goal of positioning India as a premier destination for medical and wellness tourism.”

This medical camp underscores ITDC’s commitment to community health; plans are already underway to conduct similar camp shortly, ensuring continued health support to ITDC employees.