Wellx, a UAE-based wellness-focused platform UAE’s with embedded insurance, has secured $2 million in a Seed funding round, led by Dubai Future District Fund (DFDF), according to the company.
The investment will boost the UAE startup regional growth, drive technological innovation, and support Wellx’s mission to provide healthier societies.
The investment round had also participation from DASH Ventures, Annex Investments, Sanabil Investments, Plus VC, Aditum Investments, Loyal VC, and Plug and Play Ventures.
Co-founded in 2022 by Vaibhav Kashyap, Javed Akberali and Anushka Patchava, Wellx brings embedded behavioral science and gamification direct to the consumer, and through customized rewards that help drive healthier lifestyle for its users.
Before the completion of the funding raise, the $2 million seed funding has been declined once during the COVID-19 pandemic spread.
“We are thrilled to have the opportunity to work in this sector and through our intense focus on customer-centric design, change the way customers experience insurance – from a grudge to a great purchase! This funding empowers us to accelerate our growth plans and expand our global customer base,” said Vaibhav Kashyap, co-founder and CEO of Wellx.
“This $2 million investment will reinvigorate our brand as we continue to work towards spearheading the adoption of healthier habits in alignment with the UAE’s National Strategy for Wellbeing 2031. We are fully charged to take on the market, and excited to expand our product lines and services” said Javed Akberali, Co-Founder and Managing Director of Wellx.
“With this significant seed funding, we can accelerate the development of new functionality, and innovative experiences for our customers and to do so we need to bring on board great people, with greater capabilities to do even greater things’ said Anushka Patchava, Co-Founder and Chief Product Officer. “The investment will fuel our relentless pursuit of making healthy fun and health hassle-free.”
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