About wayForward
wayForward is a company based in New York (United States) founded in 2014 was acquired by DarioHealth in May 2021.. wayForward has raised $1 million across 2 funding rounds from investors including DarioHealth, Brand Capital International and Farhan Naqvi. wayForward operates in a competitive market with competitors including Magellan Health, AbleTo, Lyra Health, Thrive Global and Wysa, among others.
- Headquarter New York, United States
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Sectors
TechnologyHealthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Wayforward Health Private Limited
- Date of Incorporation 08 Dec, 2015
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$24.83 K (USD)17.24as on Mar 31, 2019
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Net Profit
$-6.51 K (USD)79.54as on Mar 31, 2019
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EBITDA
$-7.85 K (USD)73.76as on Mar 31, 2019
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Total Equity Funding
$1 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
DarioHealth
& 4 more
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Employee Count
Employee Count
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Acquired by
DarioHealth
(May 18, 2021)
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Funding Insights of wayForward
wayForward has successfully raised a total of $1M across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(06 Jun 2017)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2018 | Amount | Series A - wayForward | Valuation | Brand Capital International |
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| Jun, 2017 | Amount | Angel Round - wayForward | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in wayForward
wayForward has secured backing from 5 investors, including institutional and angel investors. Prominent investors backing the company include DarioHealth, Brand Capital International and Farhan Naqvi. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Provides branding and advertising services for international business expansion into India.
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Founded Year | Domain | Location | |
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FN
Farhan Naqvi |
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|
Founded Year | Domain | Location |
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HM
Harsh Mahajan |
Angel investor, ex-entrepreneur, focused on early-stage Indian startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by wayForward
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - wayForward
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wayforward Comparisons
Competitors of wayForward
wayForward operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Magellan Health, AbleTo, Lyra Health, Thrive Global and Wysa, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Behavioral healthcare management and pharmacy services are provided for employees.
|
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| domain | founded_year | HQ Location |
Offers a digital platform to connect people with licensed therapists and coaches
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| domain | founded_year | HQ Location |
AI-powered mental health benefits for employers are provided.
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| domain | founded_year | HQ Location |
Mental wellbeing coaching platform is provided for enterprises.
|
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| domain | founded_year | HQ Location |
AI-driven mental health support platform is provided by Wysa.
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| domain | founded_year | HQ Location |
Cloud-based platform for employee wellness
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wayforward
Frequently Asked Questions about wayForward
When was wayForward founded?
wayForward was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Where is wayForward located?
wayForward is headquartered in New York, United States. It is registered at New York, New York, United States.
Is wayForward a funded company?
wayForward is a funded company, having raised a total of $1M across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $1M, raised on Jun 06, 2017.
What is the annual revenue of wayForward?
Annual revenue of wayForward is $24.83K as on Mar 31, 2019.
What does wayForward do?
Founded in 2014 in New York, United States, wayForward operates within the mental health sector. A SaaS-based digital telehealth platform is offered to support individuals and employees facing mental health challenges. Access to teleconsultation services, healthcare programs, and AI-driven recommendations for solutions is enabled through the system, facilitating remote management of user needs.
Who are the top competitors of wayForward?
wayForward's top competitors include Lyra Health, Thrive Global and Magellan Health.
Who are wayForward's investors?
wayForward has 5 investors. Key investors include DarioHealth, Brand Capital International, Farhan Naqvi, Harsh Mahajan, and Sreepathy Viswanathan.