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Nishith Desai Associates: Deal Corner

Nishith Desai Associates: Deal Corner

Posted by By at 12 August, at 16 : 07 PM Print


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August 12, 2021

W HEALTH LEADS INVESTMENT INTO BEATO

DEAL BRIEF

W Health Global Series LLC (“W Health Ventures”), along with other investors, led the Pre-Series B investment round of approx. USD 5.7 million in Health Arx Technologies Private Limited (undertaking business as BeatO). BeatO offers services to patients with diabetes through a smartphone glucometer and mobile application, which connects them with in-house specialists, shares and analyses readings, tracks fitness levels, and manages the diet of the patient with a range of diabetic-friendly food products. W Health Ventures is a Boston-based venture capital firm focused on helping entrepreneurs build the future of healthcare.

OUR ROLE

We, at Nishith Desai Associates, acted as the India legal counsel to W Health Ventures. We advised them on the legal, tax and regulatory aspects of the transaction.

NEWS AND MEDIA REPORTS RELATED TO THE DEAL

https://www.vccircle.com/w-health-ventures-pharmeasy-others-invest-in-diabetes-management-app-beato/

https://www.cnbctv18.com/startup/beato-raises-rs-42-crore-in-funding-led-by-w-health-ventures-9910141.htm

https://inc42.com/buzz/beato-raises-inr-42-cr-funding-from-w-health-ventures-pharmeasy/

https://www.healthcareradius.in/features/business/30081-beato-raises-rs-42-crore-in-funding-led-by-w-health-ventures


DISCLAIMER

We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient’s country/state.
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About Us

Nishith Desai Associates (NDA) is a research based international law firm with offices in Mumbai, Bangalore, Silicon Valley, Singapore, New Delhi, Munich and New York.

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