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India Quotient Invests $350,000 in Home Healthcare Startup Care24

by Vishnuprasad on October 30, 2015 at 12:05 PM
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India Quotient Invests $350,000 in Home Healthcare Startup Care24

Mumbai-based homer healthcare startup Aegis Care Advisors Private Limited has secured $350,000 in its first round of funding from early stage investor India Quotient (IQ), according to a press statement. The company provides services under the brand name care24.

Leaders with the company plan to use the money to enhance its technology, strengthen team, standardize care and quality assurance. It will also expand its service across Mumbai.

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The company was founded by IIT alumni Vipin Pathak, Abhishek Tiwari, Garima Tripathi and Pranshu Sharma in December 2014. It offers services such as home care visit by a nurse, a physiotherapist and an attendant or for infant care. 

"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," Garima Tripathi, co-founder, Care24, said in the statement.
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The startup claims to have served over a thousand patients and aims at targeting more. It is also planing to add travel assistants and equipment renting as part of the platform in the future, said Abhishek Tiwari, co-founder, Care24, said in the statement.

India Quotient has recently funded Gurgaon-based Curofy. The company's other investments include online beauty products retailer FabBag.com, career consultancy firm Mapmytalent.in, pet products provider DogSpot.in, events aggregator Nearify and online rental property service provider Grabhouse.

"Macro factors like increased income, double income groups, increased hospitalisation needs etc are resulting in an explosive growth in home health care. The use of tech in this highly un-fragmented industry can be game changing which is the approach of Care24," said Madhukar Sinha, partner at India Quotient.



Source: Medindia
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