OneCare raises $1M in pre-seed funding
OneCare recently raised $1 million in its pre-seed round of funding led by Multiply Ventures and Better Capital. The round also saw participation from Kunah Shah (CRED), Shashank ND (Practo), Saikiran Krishnamurthy (xto10x), Ankit Bhati (Ola), Zishaan Hayath (Toppr), Farooq Adam (Fynd), Anand Shah (Ola Electric), Shariq Plasticwala (Kafqa Academy), Gaurang Jhunjhunuwala (McKinsey), Nikhil Bhandarkar (Panthera, Peak Ventures), Dinesh Advani (Playshifu), Aditya Kulkarni (Stoa School), Jonathan Chan (Freetrade), and Amit Ghorawat (Bicycle.Ai).
The company plans to use the fresh injection of product development, clinical partnerships, and talent acquisition.
OneCare co-founder and CEO Rakesh Shivran said, “The Indian healthcare system, designed for acute conditions and infectious diseases, fails to provide much-needed comprehensive care suiting the needs of chronic disease patients. At most clinics, patients do not have options to get this comprehensive care and are stuck in the vicious cycle of over-reliance and increasing burden of only pharmaceutical interventions.” He added, “With an aim to address this massive gap in care delivery , we have created OneCare, an end-to-end diabetes care model, which helps patients achieve lower blood sugar, while reducing the need for medications, including insulin. With this investment, we will strengthen our workforce across teams like tech, clinical solutions, marketing, and operations, and further enhance our product to provide tailor made clinically proven diabetes programs to our patients at all OneCare clinics.”
Founded in 2021 by Dr Rakesh Shivran and Sagar Bhat, the company uses AI and IOT technology, behavioural science, and clinical science to reimagine clinics that provide better outcomes for patients with chronic diseases like diabetes.
Commenting on the investment, Multiply Ventures partner Raveen Sastry said “OneCare looks to solve this through a unique omnichannel approach that can have 10x better results than any solution available in india. We are excited to partner with the founders in addition to our co-lead, Better Capital, in building this out.”
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