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DCDC Health Services raises nearly $10 Mn from BII

EntrackrEntrackr · 7m ago
DCDC Health Services raises nearly $10 Mn from BII
Medial

DCDC Health services private limited (DCDC), operating dialysis centers under its brand DCDC Kidney Care, has secured a strategic investment of Rs 82 crore (nearly $10 million) from British International Investment (BII), the UK’s development finance institution and impact investor. The proceeds will be used to deliver critical, life-saving dialysis treatments to low-income patients suffering from end-stage renal disease (ESRD). DCDC operates dialysis clinics in public-private partnership (PPP) arrangements with state governments. It provides treatments to economically weaker sections of the population. The startup claims to have a rollout of 900 dialysis machines in over 100 centers over the next three years. It is expected to reach over 15,000 unique patients, the majority of whom are low-income. This will also create around 1,000 direct jobs. According to BII, at least 30% of its total new commitments by value will be allocated to climate finance between 2022 and 2026. The company currently holds investments in over 1,580 businesses across 65 countries.

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ABC Impact leads Rs 150 Cr round in DCDC Kidney Care

EntrackrEntrackr · 3m ago
ABC Impact leads Rs 150 Cr round in DCDC Kidney Care
Medial

DCDC Health Services Pvt. Ltd. (DCDC), which operates dialysis centers under the DCDC Kidney Care brand, has raised Rs 150 crore ($17.4 million) from Singapore-based ABC Impact, an Asia-focused impact investor backed by Temasek. The proceeds will be used to support its expansion, with plans to roll out 150 new clinics, improving access to affordable dialysis services in line with Ayushman Bharat Yojna. Founded in 2009, DCDC runs over 200 centers across India through public-private partnerships (PPP) and standalone clinics. CEO Aseem Garg said that the investment would enhance last-mile connectivity for quality dialysis care. ABC Impact’s Chief Impact Officer Sugandhi Matta highlighted the necessity of expanding affordable healthcare. DCDC counts IFU and ADB among its investors. Since 2021, it has significantly expanded, delivering nearly 100,000 dialysis sessions per month.

Grow Indigo raises $10 Mn from British International Investment

EntrackrEntrackr · 3m ago
Grow Indigo raises $10 Mn from British International Investment
Medial

Grow Indigo raises $10 Mn from British International Investment Agritech startup Grow Indigo has raised $10 million from British International Investment (BII), the UK's development finance institution and impact investor. The proceeds will be used to accelerate the expansion of Grow Indigo's sustainability programs across India. Grow Indigo promotes sustainable techniques such as direct seeded rice and no-tillage farming that deliver enhanced soil health, reduced erosion, preserved biodiversity, improved water efficiency, and reduced manual labor, particularly benefiting women farmers. The company claims to have covered over 2.5 million acres of smallholder farmland already enrolled across 7 states. Grow Indigo also partners with food and fashion companies to facilitate sustainable sourcing and reduce their supply chain emissions. It has a presence across 16 states with over 2000 distribution partners and a 600-foot-on-ground team offering products from seed treatment to harvest.

CLR Facility Services raises $15 Mn from BII

EntrackrEntrackr · 1m ago
CLR Facility Services raises $15 Mn from BII
Medial

CLR Facility Services raises $15 Mn from BII Integrated facility management company CLR Facility Services has raised $15 million (approximately Rs 125 crore) from British International Investment (BII), the UK’s development finance institution and impact investor. The proceeds will be used to support CLR’s expansion across India, scale its integrated facility management operations, invest in vocational training, and enhance ESG practices. Founded in Pune, CLR provides services such as cleaning, engineering, mechanical maintenance, and production support to corporate clients. It currently employs over 20,000 blue-collar workers and operates across nine states. “This investment will empower us to create more opportunities for our workforce, drive innovation in facility management, and extend our impact across new markets,” said Gaurav Pathak and Gautam Pathak, promoters and directors of CLR Facility Services. The company plans to more than double its workforce to 50,000 in the next five to seven years, with a focus on employing more women and individuals from underserved communities. It will also build training centres in tier-II cities to skill untrained and semi-skilled workers. CLR is known for its structured skilling and employment model, with 25% of its workforce being women. In 2018, it received its first institutional investment from First Bridge Investment Managers. The company serves over 160 clients and competes with players such as BVG India, UDS, and ISS Facility Services in the facility management space.

Cardiotrack raises $2 Mn in pre-series A round

EntrackrEntrackr · 1y ago
Cardiotrack raises $2 Mn in pre-series A round
Medial

Cardiotrack, a provider of data-centric healthcare screening technology and services through health and life insurance providers, has raised $2 million in pre series-A round led by Girish Narasimhan and co-investor Y S Shashidhar. Previously, the firm had raised an angel investment of $1.6 million from a cohort of UHNIs. Founded by Avin Agarwal, Cardiotrack delivers at-home pathology and radiology screening services, in over 300 locations through its pan-India network of diagnostic centers, technicians and phlebotomists equipped with its technology to its health and life insurance customers. Cardiotrack’s unique screening technologies is the equivalent of a treadmill test, being conducted in the comfort of one’s home along with video-based recorded medical examinations. Its medical and IOT grade diagnostics devices, workflow automation and health data digitisation solutions empower health and life insurance providers to offer onboarding experiences while enabling their customers to take control of their health. The Bengaluru-based startup also provides insights into the health of consumers. Currently, it serves nine health and life insurance companies in India.

Karma Primary Healthcare raises $1.3 Mn in Series A

EntrackrEntrackr · 11m ago
Karma Primary Healthcare raises $1.3 Mn in Series A
Medial

Digital healthcare startup Karma Primary Healthcare has secured Rs 11 crore (nearly $1.3 million) in Series A funding round led by UBS Optimus Foundation along with participation from 1Crowd and other investors. The company had previously raised $1.69 million from Ennovent, Ankur Capital, Innospark, Grand Challenges Canada and others. The capital will be deployed to enhance its technological capabilities and expand the team as it builds-out a patient-centric care model for rural patients, Karma stated in a press release. Co-founded in 2014 by Jagdeep Singh Gambhir, Gagandeep Singh Gambhir, and Manjeet Singh Gambhir, Karma Healthcare develops an online platform for primary health services remotely. It offers tech-enabled remote patient monitoring services for rural villages and rural health clinics in villages. The platform also offers remote consultation with a doctor for multiple diseases. The clinic staffs a community health worker, who records vital parameters, facilitates a video consultation between the patient and a physician, prints the e-prescription emailed by the doctor, and provides free of cost medicines. The Hyderabad-based company claims that it enables access to primary healthcare across 8 states in India through its assisted telemedicine model, witnessed a threefold increase in its patient base over the last three years, impacting more than 350,000 lives, with 55% of them being women. Karma aims to reach 100 locations serving over 150,000 patients annually by 2027. The company says that it is shifting from a transaction-based care model to a patient-centered, value-based care model. For the fiscal year ending in March 2023, Karma Primary Healthcare’s revenue decreased by 7.5% to Rs 4.79 crore from Rs 5.18 crore in FY22. The company’s losses increased to Rs 3.21 crore in FY23 from a profit of Rs 10.20 lakh in the previous fiscal year. It competes with players like DocOnline and Practo, among others.

Visit Health raises $30 Mn in primary and secondary transaction

EntrackrEntrackr · 11m ago
Visit Health raises $30 Mn in primary and secondary transaction
Medial

Telehealth and wellness platform Visit Health has raised Rs 250 crore ($30 million) in a combination of primary and secondary purchase of stake in the company held by Docprime Technologies, the current promoters and employees. Visit Health will use the funds to expand its business which involves a strategic partnership with health and wellness platform TatvaCare, the company said in a press release. In October 2021, DocPrime invested around $7.5 million in Visit Health. The New Delhi-based company had also scooped up $1.4 million in seed round from investors such as MapmyIndia, Snapdeal co-founders Kunal Bahl and Rohit Bansal, and Hetero Drugs Director Murali Krishna. In May, PB Fintech said that it will divest 29% of its holdings in Visit Health, which will be valued at Rs 76 crore ($9 million). The firm also added that it will make a divestment of Rs 2 crore in Visit Internet. Eight-year-old Visit Health offers customized wellness & OPD programs for SMEs and corporates’ employees and their families. It claims to serve more than 400 companies through its network of hospitals. Startup data intelligence platform TheKredible shows that DocPrime controlled 14.4% stake in Visit Health as of Series A round. For the fiscal year ending in March 2023 (FY23), Visit Health registered nearly three-fold jump in its revenue to Rs 53 crore from Rs 17.55 crore in FY22. The company managed to keep its losses below Rs 1 crore in FY23. It is yet to file FY24 numbers. On Tuesday, PB Fintech released its quarterly results. The company’s revenue slipped to Rs 1,010 crore in Q1 FY25 as compared to Rs 1,090 crore during the quarter ended March 2024. Despite the decline in scale, it managed to maintain steady profits, which stood at Rs 60 crore in Q1 FY25. Update: The headline and story have been updated to add correct information from Visit Health’s press release.

Healthcare and insurtech startup FlashAid raises $2.5 Mn

EntrackrEntrackr · 1y ago
Healthcare and insurtech startup FlashAid raises $2.5 Mn
Medial

Healthcare and insurtech firm Flashaid has raised $2.5 million in its pre-Series A funding round led by Piper Serica Angel Fund and global venture capital firm SOSV. Early-stage investors —Z21 Ventures Fund and ZNL Growth Fund also participated in this round. The proceeds will be used for growth and expansion to six new cities, the company said in a press release. Founded by Manoj Gupta and Gunjali Kothari, Flashaid offers a full-stack health solution with proprietary pre-underwritten products, open APIs, and embedded solutions. Formerly known as EasyAspataal, Flashaid is building an API-first health cover to make health insurance affordable and accessible to common people. It is developing a distinctive channel for retail health plan distribution via a B2B2C platform. Over the last year, the firm claims to have partnered with over 20 platforms to distribute 30,000 health covers and is profitable at the EBITDA level. Currently, it has an ARR (annual run rate) of $1 million and is expected to grow to $10 million ARR in the next two years.

Lifetime Health raises $1.5 Mn in seed round

EntrackrEntrackr · 1y ago
Lifetime Health raises $1.5 Mn in seed round
Medial

Lifetime Health, a digital platform for at-home care, has secured $1.5 million in a seed round led by US-based venture capital firm The Garage Syndicate along with participation from other angel investors. The company had previously raised $900,000 in its last round from an existing investor. The fresh proceeds will be deployed towards further development, Lifetime Health said in a press release. Co-founded in 2023 by Konstantin Riabtsev, Michail Vorobiev and Nabil Ahmed, Lifetime Health is a digital platform for hospital-at-home care providing phlebotomy services, diagnostic tools, medical devices, nursing care, physiotherapy, and postoperative care all in one app. Its automated platform ensures fast, high-quality, and affordable service, from the client’s order to the nurse’s departure and results processing. Lifetime Health is currently operating in Bengaluru and its partner network includes 200 local clinics. It aims to reach major Indian cities and connect over 10,000 medical offices nationwide. intends to enable medical service orders at home for residents across Bangalore and its suburbs, and expand to Mumbai. The platform expects to have 1,000 doctors registered on the platform, with at least 300 of them becoming active users who can schedule appointments online, make appointments and recommendations, and maintain patient histories in digital format. The other startups in this space are Caresathome, CASAMED, Muse Diagnostic, Care24-India, and others.

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