healthi, the digital, preventive health startup from Bengaluru, India, has raised funding of US $3.1 million led by Montane Ventures, a VC firm anchored by the Piramal Family Office. Montane Ventures is an early stage venture capital fund investing in core technology start-ups.
healthi has developed scientifically validated and patent-pending prediction models and personalization algorithms that empower users to easily understand their state of health and nudge them towards seeking appropriate help and making suitable lifestyle changes.
92% of healthi's users either liked or loved the solution offered, leading to increase in adoption rates of such programs by up to 300% and family member enrollment rates by at least 400%.
healthi has rapidly scaled up to work with 120+ corporates and insurance groups to roll out preventive health programs that are engaging, insightful and impactful for organizations, employees and their family members. In doing so, healthi has developed deep business and technology partnerships with top high-quality healthcare brands to deliver services across 180 cities in India and has seen its revenue grow at an impressive cumulative growth rate of 3.5x+ over the last 3 years.
Commenting on this, Mr. Josh Bornstein, Partner/Director, Montane Ventures, said, "The burden of non-communicable disease is on the rise today, making preventive health extremely important. Historically, the focus of healthcare in India has mostly been curative in nature.
With this support coming its way, healthi is on track to sign about 1.4m users in 2018. In addition to growing its user base in India, healthi has also attracted keen interest from providers in the ASEAN and EMEA regions for its analytics and engagement platform. The organization aims to roll out international pilots to this end in the next 12 to 18 months.