Opinions expressed by Entrepreneur the contributors are theirs.
You are reading Entrepreneur India, an international franchise of Entrepreneur Media.
The rewards-based health technology platform hav., which operated in stealth mode, has officially announced the launch of its operations. The company raised $400,000 in a round led by US-based VC StartUp Health. Funds raised will be used to grow the user base and achieve the PMF.
The round also saw the participation of high-profile angels including Sudheer Nair (Chairman, Navio Group), Vijay Seshadri (Former Board Member, Chargebee), Sudi Navile (Former Division CIO, Oracle), Shihab Muhammed (Founder, SurveySparrow and Ex-Co-Founder, Freshworks), Rahul Nambiar (Board Member, Dentsu Indonesia), Stan Kuruvilla (ex-PayPal) Madhu Bhaskaran (Samagra), Faiz Mohamed Haneef (CEO, NeoITO ), Navin Jain (Indonesia Country Manager, Mastercard), Akshit Goyal (JKGA Law), Senu Sam (Founder, Mykare) and K Gopalakrishnan (IAS), said a statement.
“Preventive care for the masses in emerging countries was clearly a space with limited big players due to high CAC and a perceived lack of a monetization pathway – a segment for which, if executed well, can have a significant impact. We seem to be well positioned to deliver that with our unique ideas, mission first and lean approach,” said Abdul Paravengal, co-founder and CEO, hav.
“We believe that it is not enough to invent a brilliant new solution that keeps people healthy if only part of the world benefits from it. Innovative ideas in health are only the beginning. world, regardless of geography and economics, is equally crucial. For this reason, and many others, we are proud to support Abdul Paravengal and his team at hav.” said Unity Stoakes, Co-President founder of StartUp Health.
Founded in 2021, hav. is a free app that tracks various health metrics to help middle- and lower-income people ages 20-40 reduce the likelihood of lifestyle-related illnesses. The app requires no portable integration and gives reward coins for activities, which can be redeemed for discounted products, services and vouchers from leading and emerging brands. The company has officially launched its operations in India with co-branded cards in partnership with Pine Labs and RuPay that allow users to earn extra coins for spending and convert those coins into cash. have. claims to have already registered 1 million downloads in India and Indonesia.