BeatO, a diabetes care provider, has raised $33 million in Series B funding led by Lightrock. The funding round also saw participation from HealthQuad and existing investors such as Orios Venture Partners, Blume Ventures, and Leo Capital.

Ecommerce giant Flipkart also invested an undisclosed amount in this funding round.

As per the startup, the raised funds will be utilized to scale the digital platform, invest further in product, and strengthen the reach of BeatO’s evidence-based care programs.

BeatO | Control Diabetes With Experts

Founded by Gautam Chopra, Kunal Kinalekar, and Yash Sehgal, BeatO is an app-based platform that provides comprehensive, clinically proven care programs to prevent, control, and reverse diabetes.

Its innovative smartphone glucometers and connected monitoring devices help easily monitor and get real-time guidance for blood sugar, blood pressure and other health vitals and access to medical experts.

Speaking about the development, Gautam Chopra, Co-Founder and CEO of 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.”

The startup offers personalized insights with its AI-based Health Neuron System and enables users to automatically save readings, analyze trends and share emergency alerts with family and doctors.

As per the startup, it serves over 15 lakh customers, with more than 70% of its customers from tier II cities. The diabetes care provider has grown 3x in the last year and is expected to close partnership deals with players from the insurance and pharmaceutical sectors soon.

BeatO also aims to expand its patient base to 10 million by 2025. It has previously raised multiple rounds of debt funding from funds, including W Health Global, Alteria Capital, and Kotak Investment Advisors.

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