New Delhi, India, March 20, 2018- Karma Healthcare, a Rajasthan-based
startup in the technology-led healthcare space, has recently raised INR 3 crore
(~USD 500,000) in equity funding from early stage investment firm 1Crowd, existing
investors Ankur Capital, Ennovent Capital and Beyond Capital, and angel
investors including Mr Anil Chatta (an experienced healthcare professional
based in the Middle East).
startup in the technology-led healthcare space, has recently raised INR 3 crore
(~USD 500,000) in equity funding from early stage investment firm 1Crowd, existing
investors Ankur Capital, Ennovent Capital and Beyond Capital, and angel
investors including Mr Anil Chatta (an experienced healthcare professional
based in the Middle East).
Founded by ISB Hyderabad alumnus Jagdeep
Gambhir, Karma Healthcare aims to provide high quality, affordable, equitable
and reliable healthcare to India’s underserved population via a differentiated
business model.The company has combined the human touch of a nurse with the
scalability of shared doctor services via real-time online video consultations,
and delivers healthcare to consumer via its e-Doctor clinics. Karma Healthcare’s
overarching vision is to disrupt the healthcare landscape, by establishing a
pan India network of healthcare clinics.The company thus seeks to make
definitive large scale impact and in-turn take significant steps towards
‘healthcare for all’.
Gambhir, Karma Healthcare aims to provide high quality, affordable, equitable
and reliable healthcare to India’s underserved population via a differentiated
business model.The company has combined the human touch of a nurse with the
scalability of shared doctor services via real-time online video consultations,
and delivers healthcare to consumer via its e-Doctor clinics. Karma Healthcare’s
overarching vision is to disrupt the healthcare landscape, by establishing a
pan India network of healthcare clinics.The company thus seeks to make
definitive large scale impact and in-turn take significant steps towards
‘healthcare for all’.
Karma has completed over 50,000
consultations, and currently operates 10 e-Doctor clinics in the states of
Rajasthan and Haryana which deliver a comprehensive ecosystem of clinical
treatment, quality medicines and diagnostics at competitive rates. With the new
funding, more than 10 lakh patients in the underserved communities of India
will be able to access quality healthcare services through Karma’s network of
e-Doctor clinics. The company has developed an in-house technology suite that
helps it deliver standardized care, including a bespoke Clinical Decision
Support System, and is extending its capabilities to deep learning driven
diagnosis, treatment and monitoring. Karma is supported by marquee
organizations such as the Tata Trusts, UBS Optimus Foundation and WISH
Foundation.
consultations, and currently operates 10 e-Doctor clinics in the states of
Rajasthan and Haryana which deliver a comprehensive ecosystem of clinical
treatment, quality medicines and diagnostics at competitive rates. With the new
funding, more than 10 lakh patients in the underserved communities of India
will be able to access quality healthcare services through Karma’s network of
e-Doctor clinics. The company has developed an in-house technology suite that
helps it deliver standardized care, including a bespoke Clinical Decision
Support System, and is extending its capabilities to deep learning driven
diagnosis, treatment and monitoring. Karma is supported by marquee
organizations such as the Tata Trusts, UBS Optimus Foundation and WISH
Foundation.
“We are grateful to all our investors
for reposing faith and commitment in our work. This new funding will help us
scale our operations as well as enhance our technology offering to improve
quality of care and provide great patient experience,” said Jagdeep Gambhir,
CEO of Karma Healthcare, who has several years of experience in rural
healthcare and previously worked with Goldman Sachs in India and the US.
for reposing faith and commitment in our work. This new funding will help us
scale our operations as well as enhance our technology offering to improve
quality of care and provide great patient experience,” said Jagdeep Gambhir,
CEO of Karma Healthcare, who has several years of experience in rural
healthcare and previously worked with Goldman Sachs in India and the US.
“Karma has vividly demonstrated that a
viable business model, with enormous socio-economic impact can indeed be
targeted at the lower half of the pyramid. The simplicity with which they
combine knowledge and technology, makes for a unique venture. We look forward
to working with them as they enter a very exciting phase of growth,” said Anil
Gudibande, co-founder of 1Crowd.
viable business model, with enormous socio-economic impact can indeed be
targeted at the lower half of the pyramid. The simplicity with which they
combine knowledge and technology, makes for a unique venture. We look forward
to working with them as they enter a very exciting phase of growth,” said Anil
Gudibande, co-founder of 1Crowd.
“Karma’s deep engagement and understanding
of healthcare delivery has allowed it to develop an impressive healthcare analytics
and decision support system. We look forward to working with Karma in rolling
this out to a much wider set of consumers in the next phase of their growth,”
said Ritu Verma, co-founder and managing partner at Ankur Capital.
of healthcare delivery has allowed it to develop an impressive healthcare analytics
and decision support system. We look forward to working with Karma in rolling
this out to a much wider set of consumers in the next phase of their growth,”
said Ritu Verma, co-founder and managing partner at Ankur Capital.
