Care24, an Indian home healthcare platform has announced it raising $350k in its seed funding round led by India Quotient.
Founded in mid 2014 by Vipin Pathak, Abhishek Tiwari, Garima Tripathi and Pranshu Sharma, the startup Care24 offers care at home through caregivers that includes nurses, attendants and physiotherapists. Apart from caregiving, it also offers post-discharge care, bedridden care, chronic pain care, physiotheraphy, infant care, pre-natal and post-natal care, everyday medical nursing, geriatric care and assisted daily living.
Garima Tripathi, co-founder of 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. India Quotient has shown a lot of faith in our capacity to execute the vision of the company.”
With the fresh funds generated through seed funding, Care24 plans to invest in improving its technology, strengthen team, standardize care and quality assurance. It also plans to expand its market in Mumbai. It also has plans to go international. In a statement, Tripathi said, “This investment will help us cement our technology, processes and recruitment of talent by making balanced investments in these directions and take us closer to the goal of delivering high quality patient care services.”
“Macro factors like increased income, double income group, increased hospitalisation needs etc are resulting in explosive growth in home healthcare. The use of tech in this highly fragmented industry can be game changing which is the approach of Care24,” said Madhukar Sinha, partner, India Quotient.
Currently, Care24 claims to have attended to the demands of more than thousand patients and aims at targeting more. It says it caters to 50 patients a day and also plans on expanding horizontally.