Wellness Franchise Opportunities

FundingApr, 03 2015

Udaipur based rural health provider Karma Healthcare bags funding from Ankur Capital

Udaipur based rural health provider Karma Healthcare has received an undisclosed amount of funding from Ankur Capital, an impact angel fund co-founded by Rema Subramanian.

By WI Bureau

Karma Healthcare, an Udaipur based rural health provider has received an undisclosed amount of investment from an impact angel fund Ankur Capital.

The Karma Healthcare Company runs medical clinics in rural part of Rajasthan state and provides basic curative health access to specialised doctors through telemedicine and direct interaction with the doctors.

Reportedly, a press release was circulated in the industry to unveil the venture detail noting, “Ankur is excited to be working with Karma and bringing quality care to rural populations. We believe that models like Karma have a role to play in unlocking value in the largely untapped rural health space.”

Commenting on the deal, Kamakshi Rao, Senior Investment Director, Ankur Capital said, “We see Karma as an exciting early business model.  Karma's combination of doctors reaching patients through the internet as well as through face-to-face interactions while generating sustainable cash flows has potential to affect health delivery in rural areas.  At Ankur, we are committed to developing models that can have far reaching effects on affordable and quality medical care to rural populations who may be used to quick fixes offered by quacks.” While, Karma Healthcare spokesperson was unavailable to comment.

Rao is an investment professional with over 16 years of investment experience. She earned her undergraduate degree from Harvard University and her Master's degree from University of Pennsylvania, and has qualified as a Chartered Financial Analyst and also serves on the board of Larsen & Toubro Financial Holdings Ltd.

Related: Digital health firms raise $6.9 mn from VCs in second quarter of FY 2015

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