Onco, the cancer care aggregator, has secured $7 million in Series A funding round led by Accel Partners, Chiratae Ventures, and Dream Incubator. The fresh capital will be used by the company to boost its customer base and expand operations globally.
Onco eyes to become a one-stop-shop for all cancer-related needs of patients and caregivers.
Rashie Jain, CEO and Co-Founder, Onco.com, said, “We are solving a critical problem, that of 'information gap' that every cancer patient and their family experiences. There are three million cancer patients getting treated in India alone and around seven million cancer patients across Middle East, Africa, and Asia, where our services are available presently.”
“With Onco.com, we are focused on building this cancer ecosystem that patients can tap into anytime in their treatment journey,” she added.
Currently, the platform is providing treatment advice and care management to cancer patients across 18 countries. Onco has a network of more than 1,500 oncologists, has over 500 hospitals and labs, and also permits patients to get personalised advice.
Ranjith Menon, Executive Director, Chiratae Ventures, stated, “Cancer is a global challenge. India alone adds more than a million patients every year. We are excited to see Onco.com developing into a vertical platform that brings all the various stakeholders like patients, clinicians, care providers, and diagnostics.”
Barath Shankar Subramanian, Partner, Accel India, said: “It has been an incredibly fulfilling journey to see Onco.com grow from a concept to a clinically recognised technology cancer care platform that offers full-stack support to cancer patients and caregivers in India and emerging markets. Given the hugely increasing cancer disease burden and severely skewed oncologists-to-patient ratio in the country, we believe that there is tremendous work to be done in cancer care delivery.”
Munehiko Eto, MD of Dream Incubator India, added, “Onco.com is not only a technology company but a healthcare company. DI has extensive expertise and network in the healthcare space in Japan and SEA and will support Onco.com in international expansion. In India, we have made 20+ investments in the space of health, finance, media, entertainment, and other areas. This is our fifth investment in the health space in India.”
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