Inflection Point Ventures invests in rural health-focussed startup iKure
Photo Credit: VCCircle

iKure Techsoft Pvt. Ltd, a startup that provides a social health platform involving primary healthcare and wellness and prevention services, has raised an undisclosed sum of money from Inflection Point Ventures (IPV), a community of chief financial officers and senior professionals.

In a statement, Kolkata-based iKure said it would use the capital to grow its business and enhance its technological infrastructure.

Company founder Sujay Santra said it would also leverage IP Ventures’ community of CXO-level professionals to grow its network.

IPV angel investor Rahul Verma said the group was confident in its investment because of iKure’s integration of technology and medical expertise to address challenges relating to the last-mile delivery of healthcare in rural India. “The impact that this can bring is huge, both from a social and economic perspective,” Verma said.

iKure operates eight primary healthcare clinics and six mini-clincs for its customers in rural, semi-urban and urban areas. It also conducts at least five health intervention programmes every week.

The company claims it has covered over 3,000 villages across seven states, and that it has trained more than 550 community healthcare workers and profiled 58 diseases. It also licenses out its proprietary technology and undertakes commissioned survey and research projects.

IP Ventures

The community is a sub-initiative of CXO Genie. It was founded in 2017 by nine CFOs and finance professionals hailing from startups such as Myntra, BookMyShow and Grofers. The by-invitation-only network connects the investor community with startups.

In July, it invested in retinal diagnostic startup Leben Care Technologies Pte. Ltd., which said that it would use the funding for upgrading its product and sales and marketing team. That month, it also invested an undisclosed amount of money in internet-of-things-based logistics startup Intugine Technologies Pvt. Ltd.

Its other investments include Industrial Internet of Things startup Syook and chat-based task management services provider Wishup.

To discuss the business opportunity and the challenges in the healthcare sector, VCCircle is organising its next edition of Healthcare Investment Summit on October 11 in Mumbai. Check out the details here.

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