Hotline: 1800 102 2007
X
Search Business Opportunities
Healthcare 2015-10-29

Mumbai-based Home Healthcare start-up Care24 raises seed fund from India Quotient

Mumbai’s rapidly growing home healthcare platform has elaborate plans to bolster technology base and talent acquisition to ensure world class services to customers. The start-up also has plans to enhance customer service and deepen customer reach in the c

Mumbai-based Home Healthcare start-up Care24 raises seed fund from India Quotient

Mumbai-based Home Healthcare platform, Care24 has received its first round of funding of Rs 2.27 Crores approx (US$ 350,000) from India Quotient.

Committed to bringing premium medical services to the doorstep of the patients, the start-up is expected to use funds in enhancing its technology, strengthen team, standardize care and quality assurance.

Furthermore, it will focus on deepening its services and customer reach in Mumbai.

Commenting on its first step towards success, Garima Tripathi, Co-Founder, 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.”

She further explained, “India Quotient has shown a lot of faith in our capacity to execute the vision of the company. This investment will help us cement our technology, processes and recruitment of talent by making balanced investments in these directions and ultimately take us closer to the goal of delivering high quality patient care services.”

Founded by IIT alumni- Vipin Pathak, Abhishek Tiwari, Garima Tripathi and Pranshu Sharma to make healthcare easily accessible and affordable to patients, Care24 offers care at home through background verified caregivers including Nurses, Attendants and Physiotherapists.

Sharing his views over the first round of funding, Madhukar Sinha, Partner, India Quotient explained, “Macro factors like increased income, double income group, increased hospitalization needs etc. are resulting in explosive growth in home health care.  The use of tech in this highly unorganised industry can be a game changer, which is the approach of Care24."

While, Anand Lunia, India Quotient added, “Our reason to invest in Care24 is was straightforward - we’ve know the team for a long while and were impressed by their collective synergy & execution speed.”

Backed by an experienced board of medical professionals, the Care24 team takes guarantee of resolving common people’s health woes through trustworthy and seamless support, without the usual rigmarole of finding the right doctors, medical support or timely help.

Care24 currently serves 50 new patients a day and plans on adding new service verticals. The company is also looking at adding travel assistants and equipment renting as part of the platform in the future.

Comment
Related opportunities
  • Ice creams & Yogurt Parlors
    About: 51Rainbow Ice Cream has specialty in providing quality and value..
    Locations looking for expansion Delhi
    Establishment year 1988
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Career Counselling & Brain Programming
    About Us: Allegiance Educare is an ISO Certified Career Counseling Company started..
    Locations looking for expansion Maharashtra
    Establishment year 2014
    Franchising Launch Date 2016
    Investment size Rs. 10000 - 50 K
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Casual dine Restaurants
    Café Udupi Ruchi, is a restaurant which will provide the..
    Locations looking for expansion Karnataka
    Establishment year 2014
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Rural District Karnataka
  • Bakery & Confectionary
    About US:  Incorporated in 1991, Lucky’s Bakery & Patisserie, is a..
    Locations looking for expansion Delhi
    Establishment year 1991
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 125
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts