#Asia Pharmacy subscription company LifCare raises seed funding

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Former Canaan Partners MD Alok Mittal, Freecharge Founders Kunal Shah and Sandeep Tandon, and Bain Capital’s Rishi Mandawat are among the investors

LifcareLifCare, a pharmacy subscription company, has raised an undisclosed sum in seed funding, led by Rajul Garg, a veteran healthcare investor with investments in Qikwell, HealthKart and Cygnus Medicare.

Other investors include Alok Mittal (ex-Canaan Partners), Rishi Mandawat (Bain Capital), Dheeraj Jain (Partner, Redcliffe Capital, London), Kunal Shah (CEO of FreeCharge), and Sandeep Tandon (Co-founder of FreeCharge), among others.

Investors from Dexter Angel Circle — a group of angel investors built around Dexter Capital’s partners and team — also participated in the round.

LifCare was founded by Rohit Mohta, Deepesh Rajpal and Krishna Killa. Patients can register with the company once with their medicine list and prescriptions, and then their pharmacists manage everything – from proactive refills to making sure adherence ratios are maintained to educating patients on how to better manage their chronic diseases. All the medicines are delivered at constant intervals at patient’s doors.

It claims to have more than 5,000 members on subscription.

“Keeping track of medicinal supplies, getting authentic and genuinely priced medicines month after month and service with real care is something which is invaluable to our patients. We also make sure our patients are more informed about the medicines they take,” said Killa, Founder and CEO, LifCare.in.

“LifCare is disrupting how patients with chronic illness are served – it’s solving a real problem that patients face. It’s a fresh approach beyond chemists and e-pharmacies that exist in India. I especially like how patient care is at the centre of how they serve their subscribers,” said Garg.

The post Pharmacy subscription company LifCare raises seed funding appeared first on e27.

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