Gytree.com announced its first round of funding led by Biocon’s Kiran Mazumdar Shaw, RainMatter Investments, Ajay Srinivasan, former CEO of Aditya Birla Capital, San Francisco-based Mili Clinic’s Anubhuti Sharma.
Gytree will be immediately accessible to consumers through the user-friendly web-app as part of its go-to-market strategy, as well as to businesses who value their female employees’ well-being, as per reported by BW Disrupt.
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Kiran Mazumdar-Shaw, the chairperson of Biocon, India’s largest biopharmaceutical company, says, “In health, we need to make products for women first and India has neglected this for too long.” Gytree.com fills a critical gap in using technology to address the personal health needs of women through products and services. I am happy to support Shaili and her team in this purposeful journey.”
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“The demand for women’s health solutions and gytree.com emerged from within that 20 million-strong community. Due to interrelated symptoms and outcomes, Indian women require a 360-degree approach to care” Says Chopra.
In India, about 60% of working women leave their jobs due to health-related reasons. More than 32 million Indian women lack the support they need to effectively manage their incurable disorders, which include endometriosis, PCOS, and infertility, according to the National Health Portal of India.
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The Rainmatter Investments team said of their investment in Gytree, “Helping people make healthy choices has been a priority for us at Rainmatter. Of all the health issues in India, the lack of focus on women’s healthcare has to be the biggest. This is why we’re excited to join Shaili and the team as they tackle this pressing issue by building a comprehensive and exclusive healthcare ecosystem for women.”
Investor in Gytree and former CEO of Aditya Birla Capital, Ajay Srinivasan said, “I am excited by femtech as a sector and believe solutions targeted at getting women to lead better lives will scale up and drive growth. Usage of tech can help make solutions more affordable and universal, something India’s 600 mn plus women needs immediately.”
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Gytree provides comprehensive services, products, a marketplace, and a wellness cafe to address women’s primary preventative health issues in gynaecology and sexual health. By making changes to their lifestyle, nutrition, and prompt scheduling of routine exams, it aims to assist women in eradicating 80% of illnesses that are preventable.
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