#Asia India’s home healthcare platform Care24 raises US$4M Series A led by SAIF

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The startup covers the entire gamut of home healthcare services, including post-discharge care, bedridden care, chronic pain care, physiotherapy and infant care

homecare

Care24, a Mumbai-based home healthcare platform, has raised US$4 million in Series A round of funding from SAIF Partners.

Indian Quotient, which previously backed the startup with US$350,000 in October last year, also invested in the current round.

Care24, which claims to have assisted 3,000 patients till date, will use the capital to consolidate its presence in Mumbai and expand to more cities.

“In India, the home healthcare category is seeing a focus now and an investment in developing the standard customer-centric healthcare service delivery system is a must for achieving quality services at scale. Care24 intends on using the investment to boost its service quality, deepen its offerings while tapping the healthcare sector using technology innovations — to provide an integrated patient care,” said Co-founder and CEO Vipin Pathak.

Also Read: India’s on-demand medicine delivery startup Pluss raises US$1M

The medtech startup was founded by IIT alumni Pathak, Abhishek Tiwari, Garima Tripathi and Pranshu Sharma to make care easy, accessible and affordable. The startup offers care at home through background verified caregivers, including nurses, attendants and physiotherapists.

It covers the entire gamut of home healthcare services, including post-discharge care, bedridden care, chronic pain care, physiotherapy, infant care, pre-natal and post-natal care, everyday medical nursing, geriatric care and assisted daily living.

Mridul Arora, Principal at SAIF, said: “We believe that home healthcare market is a large opportunity waiting for organised plays such as Care24 who not just deliver better operations but bring to bear a new approach to the space including leveraging technology, thereby creating a superior value proposition.”

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