Get All Access for $5/mo

Mykare Health Secures $2.01 Million In Seed Funding The freshly raised capital will be deployed towards elevating the overall patient experience and bolstering talent acquisition efforts

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Freepik

A digital health startup Mykare Health has raised $2.01 million in Seed funding. The round saw participation from investors including OnDeck ODX – US, Avaana Seed, Huddle, Endurance Capital, F Health, VeritasX, Stanford Angels, Phoenix Angels, Ajit Mohan (founding CEO, Hotstar and 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 and 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 freshly raised capital will be deployed towards elevating the overall patient experience and bolstering talent acquisition efforts.

"We are committed to serve every common, middle class person in India and cross-border with seamless experience, affordable and quality care. In addition, we are also empowering the small and mid-sized hospitals to improve their visibility and trust, with an aim to strengthen their patient footfalls. Through adequate support, these hospitals can significantly reduce India's uneven patient to hospital ratio," said Senu Sam, CEO and co-founder, Mykare Health.

Mykare Health empowers patients and their families through an integrated ecosystem, taking care of every aspect, starting from selecting an appropriate facility and ensuring transparent pricing to managing paperwork, coordinating insurance, providing transportation services, facilitating communication with doctors to understand their procedures, coordinating hospital admission and discharge, and the post-care support. The company also claimed that, in 2023, it plans to double down on the cities of South India, with a vision to ensure the low and middle income groups of the country get better experience and transparency in healthcare.

"Mykare Health's vision to standardise, streamline and optimise the existing healthcare infrastructure is truly transformative. Given its purpose-led proposition for the middle income segment, as well as small and medium-sized hospitals, we hold a strong belief in its growth potential. By prioritising quality, accessibility and transparency, Mykare Health is not only poised to penetrate the length and breadth of India but also make an impact on a global level," said Sail Sachar, founding partner, Huddle.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Business News

Apple Is Adding ChatGPT to iPhones This Week. Here's How It Works.

ChatGPT will take over questions that Siri can't answer.

Business News

These Companies Offer the Best Work-Life Balance, According to Employees

The ranking is based on Glassdoor ratings and reviews.

Growing a Business

How to Spot Trends and Anticipate Market Shifts Before Your Competition

Discover how to identify disruptive trends before your competitors by mastering the art of anticipating market shifts. Learn strategies for staying ahead and gaining a competitive edge in business.

Starting a Business

10 Traits of Successful Entrepreneurs That Investors Love (Even If They Seem Like Jerks)

This article explores a thought-provoking question: Why do many successful entrepreneurs exhibit traits that might label them as "jerks?"

Business News

Macy's CEO Confirms Employee Made Accounting Errors Worth $151 Million, Though Not for 'Personal Gain'

The company announced its third-quarter earnings Wednesday after a delay.