Digital health startup raises $2.01mn

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Digital health startup raises $2.01mn
Digital health startup raises $2.01mn

In the last year, the digital health startup has become operational in 12+ Indian cities with 200+ hospital tie-ups, treating more than 85,000 patients

Mykare Health, a digital health startup based in Kochi, has raised $2.01 million in a seed round. The round saw participation from renowned investors such as OnDeck ODX (US), Avaana Seed, Huddle, Endurance Capital, F Health, VeritasX, Stanford Angels, Phoenix Angels, Ajit Mohan (Founding CEO, Hotstar & Former MD, Meta India), Nitish Mittersain (Joint Managing Director, Nazara Technologies), Hari TN (Ex-BigBasket), Arjun Vaidya (Founder, Dr. Vaidya’s), Sean (Hyunil) Sohn (CEO, Krafton), Niraj Karia, Ankit Tandon (Global CBO and CEO, OYO), Nikhil Jaisinghani (Executive Director, Polycab India), Dr Deepu Sebin (Ex-CEO & Founder, DailyRounds), Vikas Garg (Ex-CFO, Paytm), Rahul Nagar (Ex-VP, Paytm), Himanshu Arora (Ex Gaana), and Bhavya Shah – MD, Ark Impact, amongst others.

The funds will be deployed towards elevating the overall patient experience and bolstering talent acquisition efforts, the digital health startup said.

Focused on delivering quality healthcare experiences to India’s middle-class segment, Mykare Health, a digital health startup founded in 2021 by Senu Sam, Rahmatulla TM, and Joash Philipose, builds an asset-light, affordable, and standardised hospital network.

“Factors such as a dearth of administrative and pricing transparency, skyrocketing healthcare costs, a poor patient-to-hospital ratio, and a paucity of quality care are the key reasons causing surgery-related fear among patients, resulting in treatment delays and poor quality of life. We aim to mitigate these challenges through a patient-first approach,” said Senu Sam, CEO and co-founder, Mykare Health.

“We are committed to serving every common, middle-class person in India and cross-border with seamless experience, affordable care, and quality care. In addition, we are also empowering small and mid-sized hospitals to improve their visibility and trust, with the aim of strengthening their patient footfalls. Through adequate support, these hospitals can significantly reduce India’s uneven patient-to-hospital ratio,” he added.

With a vision to ensure the low and middle-income groups of the country get better experiences and transparency in healthcare, the digital health startup plans to double down on the cities of South India in 2023.

In the last year, the digital health startup has become operational in 12+ Indian cities with 200+ hospital tie-ups, treating more than 85,000 patients.

It has also been recognised as TiE Kerala Best Startup of the Year, SLP Best Startup of the Year, Headstart 23 Startups to Watch, KMA Best Startup of the Year, Inc42 Best Startup to Watch, Naturals Best Startup, and Business Connect Best Startup, 2023. The founder, Senu Sam, is the recipient of the Times 40 Under 40 Award.

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