Statistically, this doesn’t really make sense but, from experience, you are probably twice as likely to lose an incumbent pitch as you are to win it. The old industry adage is that it’s “twice as hard to retain as it is to win”. While we also welcomed some new clients into our portfolio, losing three of Wavemaker’s UK clients in one year really took its toll on morale. In late 2021, I joined Wavemaker’s growth team, at a time when we’d recently lost a number of high-profile accounts, including Compare the market, British Airways and Kingfisher (B&Q, Screwfix). While we have been celebrating the new wins with gusto, we are also extremely proud of the clients that we have retained.Īfter all, retaining a client in a pitch situation isn’t an easy task. Last year was healthy for Wavemaker’s growth team, reflected by the fact we recently ranked highly in Campaign‘s UK new-business league. The post MyDoc raises US$5.2M Series A funding round led by UST Global appeared first on e27.By James Wilde, head of new business, Wavemaker Image Credit: tomwang / 123RF Stock Photo It raised its first institutional investment round of an undisclosed amount led by August Capital Partners and SPRING SEEDS Capital. MyDoc services is currently available in Singapore, Malaysia, Hong Kong, and Sri Lanka. It listed companies such as AIA, AXA and Aetna as clients, and the Health Promotion Board (HPB), Guardian Pharmacy, and individual general practitioner clinics and laboratories as partners. Vas Metupalle, MyDoc started out as a doctor consultation and provider efficiency tool, but has expanded its core product offerings to include advanced data analytics, corporate digital health services, health insurtech, and access to network of health professionals in Asia. The partnership with UST Global will allow MyDoc to tap into the company’s technological capabilities and expertise, as well as grow the business through UST Global’s distribution channels and government partnerships.įounded in 2012 by Dr. It will also use the new funding to develop insurtech solutions that will enable further automation of the health insurance process. The company believes that the platform can help corporations to significantly reduce cost and increase efficiency.Īlso Read: Singapore VC Golden Equator launches incubator to help Korean healthtech startups grow in allows corporate employees to enjoy the convenience of consulting a doctor remotely –saving time on traveling to the clinic as well as queuing to see the doctor and collecting medication– and overall better health as they are more likely to follow up with necessary treatments,” explained MyDoc CEO and Co-Founder Dr. In a press statement, MyDoc said that it will use the new funding to develop fully-automated corporate healthcare platform platform will provide corporate employees with end-to-end health services from video consultation with doctors, online prescriptions, online medical certificates (MyMC), on-site health screenings and a private care network that includes access to dental, physiotherapy, eye health, fitness, and other services. Wavemaker Partner also participated in the latest funding round for the company.
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