Bewell Digital on WeFunder | Deal Memo

Jun 9, 2021 1 min read
Invest in BeWell Digital (YC W21): BeWell helps India’s 80K+ hospitals comply with recent Insurance regulation | Wefunder
BeWell helps India’s 80K+ hospitals comply with recent Insurance regulation

Company Overview

Problem Addressed: The new insurance regulation requires hospitals to obtain quality accreditation in order for them to work with 530 millions insured indians. This process takes 3-6 months and requires a renewal every two years.

The Product: BeWell Digital helps India's 1.5M hospitals, labs, clinics, and pharmacies comply with insurance regulatory compliance so that they could work with 530M insured Indians.

Deal Terms

  • Security: SAFE
  • Valuation Cap: $10,000,000
  • Min. Investment: $100

(Data as of June 2021.)

Bewell Digital: WeFunder Campaign Highlights

1) Helps hospitals comply with new regulations so that they could work with 530 million insured Indians.

2) Signed 6 hospitals and digitized 6,000 patient records since launching 4 weeks ago

3) $1,500 MRR since launch

4) No known competitors in India offering high tech compliance support + hospital management software

5) 🇮🇳 1.5B total addressable market in India

6) Founding team with software engineering, AI, and ICU medical experience

7) $150k raised on the same terms

8) Fixing the regulatory compliance is the wedge into India's large healthcare ecosystem

Did I Invest In Bewell Digital?

I’m still in the process of writing a full deal report and decide whether or not I will invest in Bewell Digital on WeFunder. At Angel Notes, I review 100+ pitches on 10+ platforms every month and send a detailed report every Saturday to subscribers of the Angel Notes newsletter (you can join through the form below). See you soon!

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