Credihealth raises $1.5 mn in pre-Series A round

17 April, 2017

Gurgaon-based Credihealth Pvt. Ltd, an online medical assistance company, said on Monday it has raised $1.5 million (Rs 10 crore) in a pre-Series A funding round.

The healthcare startup secured the investment from Tolaram Inc., the family office investment arm of Tolaram Group, and Mountain Pine Capital.

Bala Swaminathan, a former partner at consulting firm KPMG and one of the earliest investors in the platform, also took part in this round, the startup said in a statement.

The startup aims to use the money to augment technology and infrastructure to expand services and introduce new products.

Credihealth claimed that it has achieved break even and has been maintaining a positive cash flow from an early stage.

“More than money, it is innovation and steady growth that are needed to survive in the market today,” said Ravi Virmani, founder and managing director of Credihealth.

Credihealth was started in 2013 by Virmani, Gaurav Gaggar, Saurabh Uboweja and Piush Kumar.

Virmani is the founding managing director of Hewitt Associates India and former COO of Max Healthcare. Gaggar is an investment banker and earlier co-founded two e-gaming ventures. Uboweja, an alumnus of IIM Calcutta, also runs brand consulting and design firm Brands of Desire. Kumar runs investment firm Hausela, which funds digital technology startups.

The company provides domestic and international patients with information on Indian healthcare providers. It aims to solve the patients’ problem of looking for the right doctor or diagnostic centre, besides being an additional sales channel for hospitals. The startup also fixes patient follow-ups with the doctor. The company has tie-ups with 630 hospitals such as Fortis, Medanta, Columbia Asia, Paras and Artemis.

Like this report? Sign up for our daily newsletter to get our top reports.

Leave Your Comment
Twitter's Rajat Malhotra invests in Credihealth

Twitter’s Rajat Malhotra invests in Credihealth

Disha Sharma 2 years ago
Gurgaon-based health-tech startup Credihealth Pvt. Ltd. has received an undisclosed amount of investment from Rajat Malhotra, Director of Engineering at Twitter India. As part of...
Online healthcare startup Credihealth in talks to raise up to $10M in funding

Online healthcare startup Credihealth in talks to raise up to $10M in funding

Bhawna Gupta 3 years ago
Gurgaon-based Credi Health Pvt Ltd, an online healthcare services provider is in talks to raise up to $10 million in funding, a top executive of...
eKincare raises $330K in pre-Series A funding round

eKincare raises $330K in pre-Series A funding round

Priya Prasad 1 year ago
Hyderabad-based Aayuv Technologies Pvt Ptd, which operates healthcare technology startup eKincare, has secured Rs 2.2 crore ($330K) in a pre-Series A round of funding from...
No Comments

Credihealth raises $1.5 mn in pre-Series A round

Powered by VIP