About Wellesta
Wellesta is a company based in Singapore (Singapore) founded in 2019.. Wellesta has raised $15.01 million across 1 funding round from investors including Mitsui & Co. and Japan Bank for International Cooperation. Wellesta operates in a competitive market with competitors including OPEN Health, W2O Group, Nobilis Health, Harrow and Moxie, among others.
- Headquarter Singapore, Singapore
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$12.2 M (USD)83as on Dec 31, 2022
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Net Profit
$-3.71 M (USD)-109as on Dec 31, 2022
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EBITDA
$-3.64 M (USD)-117as on Dec 31, 2022
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Total Equity Funding
$15.01 M (USD)
in 1 rounds
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Latest Funding Round
$15.01 M (USD), Series B
Apr 12, 2023
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Investors
Mitsui & Co.
& 1 more
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Employee Count
Employee Count
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Funding Insights of Wellesta
Wellesta has successfully raised a total of $15.01M through 1 strategic funding round. The most recent funding activity was a Series B round of $15.01 million completed in April 2023. 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 1
- Last Round Series B — $15.0M
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First Round
First Round
(12 Apr 2023)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Series B - Wellesta | 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 Wellesta
Wellesta has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Mitsui & Co. and Japan Bank for International Cooperation. 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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Founded Year | Domain | Location | |
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Traditional conglomerate services are provided across multiple sectors by Mitsui.
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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 Wellesta
| 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.
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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 - Wellesta
| 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 |
Wellesta Comparisons
Competitors of Wellesta
Wellesta 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 OPEN Health, W2O Group, Nobilis Health, Harrow and Moxie, 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 |
Provider of healthcare marketing services
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| domain | founded_year | HQ Location |
Marketing communications services are delivered to businesses worldwide.
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| domain | founded_year | HQ Location |
Healthcare marketing services are provided to medical providers and facilities.
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| domain | founded_year | HQ Location |
Ophthalmic products marketing services are provided by Harrow.
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| domain | founded_year | HQ Location |
Medical spa marketing services are provided by Moxie.
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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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Frequently Asked Questions about Wellesta
When was Wellesta founded?
Wellesta was founded in 2019 and raised its 1st funding round 4 years after it was founded.
Where is Wellesta located?
Wellesta is headquartered in Singapore, Singapore.
Is Wellesta a funded company?
Wellesta is a funded company, having raised a total of $15.01M across 1 funding round to date. The company's 1st funding round was a Series B of $15.01M, raised on Apr 12, 2023.
What is the annual revenue of Wellesta?
Annual revenue of Wellesta is $12.2M as on Dec 31, 2022.
What does Wellesta do?
Wellesta was founded in 2019 and is based in Singapore. Operations focus on delivering marketing support services tailored to the healthcare industry. Assistance is extended to healthcare providers through targeted strategies, including digital campaigns and promotional materials. The company serves clients primarily in the Asia-Pacific region, with an emphasis on compliance and sector-specific needs. Leadership is provided by Managing Director Milan Paleja.
Who are the top competitors of Wellesta?
Wellesta's top competitors include OPEN Health, Moxie and Harrow.
Who are Wellesta's investors?
Wellesta has 2 investors. Key investors include Mitsui & Co., and Japan Bank for International Cooperation.
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