Mumbai-based Home Healthcare platform, Care24 has received its first round of funding of Rs 2.27 Crores approx (US$ 350,000) from India Quotient.
Committed to bringing premium medical services to the doorstep of the patients, the start-up is expected to use funds in enhancing its technology, strengthen team, standardize care and quality assurance.
Furthermore, it will focus on deepening its services and customer reach in Mumbai.
Commenting on its first step towards success, Garima Tripathi, Co-Founder, Care24, said, “We want to create an indelible position as India’s one point solution for patient care services at-home. Our choice of business model, its veracity and market approach differentiates us and puts us in a unique position to address the dire need for apt and practical health care services in the country.”
She further explained, “India Quotient has shown a lot of faith in our capacity to execute the vision of the company. This investment will help us cement our technology, processes and recruitment of talent by making balanced investments in these directions and ultimately take us closer to the goal of delivering high quality patient care services.”
Founded by IIT alumni- Vipin Pathak, Abhishek Tiwari, Garima Tripathi and Pranshu Sharma to make healthcare easily accessible and affordable to patients, Care24 offers care at home through background verified caregivers including Nurses, Attendants and Physiotherapists.
Sharing his views over the first round of funding, Madhukar Sinha, Partner, India Quotient explained, “Macro factors like increased income, double income group, increased hospitalization needs etc. are resulting in explosive growth in home health care. The use of tech in this highly unorganised industry can be a game changer, which is the approach of Care24."
While, Anand Lunia, India Quotient added, “Our reason to invest in Care24 is was straightforward - we’ve know the team for a long while and were impressed by their collective synergy & execution speed.”
Backed by an experienced board of medical professionals, the Care24 team takes guarantee of resolving common people’s health woes through trustworthy and seamless support, without the usual rigmarole of finding the right doctors, medical support or timely help.
Care24 currently serves 50 new patients a day and plans on adding new service verticals. The company is also looking at adding travel assistants and equipment renting as part of the platform in the future.
