Debt financing
Diabetes monitoring platform BeatO raises $2.3 M from Alteria Capital
Delhi-based healthtech startup BeatO has raised INR 18 crore debt from Alteria Capital as par its Series B round. BeatO will allot 1,800 Series B non-convertible debentures (NCDs) at an issue price of INR 1,00,000 per security to raise INR 18 crore (about USD 2.3 million). Founded by Gautam Chopra, BeatO provides a full-stack diabetes management program that helps the user manage exercising, diet, medicine intake, and diagnosis, and connects the users with doctors and diabetes educators for instant real-time guidance. The startup claims to have 300,000 paid members on its platform, adding 25,000 members every month.
From the Venture Intelligence PE-VC Deal Database: Between Sep 17 and Apr 22, BeatO had raised over USD 16 M from W Health Ventures, Leo Capital, Orios VP, Blume Ventures, Kotak Investment Advisors and others (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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