Health-tech startup Navia Life Care gets angel funding

By Arti Singh

  • 17 Apr 2017

Delhi-based healthcare technology startup Navia Life Care Pvt. Ltd has raised angel funding from Benori Ventures LLP, which is led by former Evalueserve chief operating officer Ashish Gupta.

Navia is the first healthcare company in which the newly formed Benori Ventures has invested. Benori Ventures focuses on incubating and investing in startups in India.

The startup will use the funds for technology and business development, Kunal Kishore Dhawan, co-founder and CEO, told VCCircle. He didn’t disclose the amount raised.

Navia was founded in 2015 by Dhawan, Shourjo Banerjee and Gaurav Gupta. The digital health management platform offers customized mobile apps for doctors, clinics, hospitals, and pharmaceutical companies for patient monitoring, engagement and compliance.

The startup got its first two customers last month. It has created one homeopathy-specific app for a clinic and is about to launch an app for Delhi-based Radix Healthcare hospital. Navia aims to close two more clients soon.

It charges its enterprise customers through a yearly subscription model. The average cost per app varies between Rs 35,000 and Rs 2 lakh a year depending on the scale and size of customers. For example, a clinic may shell out around Rs 35,000 a year while big hospitals may have to spend about Rs 2 lakh a year.

“The cost includes app development, licensing and other expenses. We own the intellectual property and all patients are registered on our platform,” Dhawan said.

Navia also runs a business-to-consumer app that acts as a health manager for patients, helping them monitor their treatment progress. The startup is looking to build more features for this app.

Prior to starting up, Dhawan worked at German medical devices company Fresenius Kabi. Banerjee, the chief technology officer at Navia, earlier worked at Freescale Semiconductor.

Ritesh Malik, founder of co-working space provider Innov8, and former PwC India chairman Deepak Kapoor act as mentors to the startup.

Several startups in the healthcare technology space have raised funding over the past couple of months. One97 Communications Ltd, the parent of digital wallet firm Paytm, invested an undisclosed amount in Noida-based health-tech startup QorQL earlier this month.

Delhi-based healthcare tele-consultation platform Konsult App Pvt. Ltd raised $500,000 (Rs 3.25 crore) in seed funding while Gurgaon-based e-diagnostic startup Elite Tech Healthcare Pvt. Ltd, which runs Klinic App, raised an undisclosed amount in seed funding.

Bangalore-based Medinfi Healthcare Pvt. Ltd, a platform to search doctors and hospitals through the web and mobile app, raised $50,000 in its seventh round of angel funding.

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