Reliance Digital Health invests in healthcare platform Karkinos
- ByTejika Bajaj | December 27, 2021
Oncology-focused managed healthcare platform Karkinos Healthcare has received an undisclosed amount of investment from Reliance Digital Health. The official statement revealed that Reliance Industries has invested an undisclosed sum in Karkinos through Reliance Digital Health for a minority stake.
The startup, personally backed by Ratan Tata and the Tata Group, has other major angel investors that include Venu Srinivasan, Kris Gopalakrishnan, Ronnie Screwvala, Vijay Shekar Sharma, and Bhavish Agarwal. The San Diego, California-based Rakuten Medical, the global clinical-stage biotechnology firm, also holds a minority stake in it.
Commenting on the investment, Venkataramanan R, chief executive of Karkinos Healthcare said, “This investment yet again validates our pioneering model of distributed cancer care and the potential impact it can have in the country.”
Founded in July 2020, Karkinos means the elimination of cancer as ‘kark’ in Hindi means cancer as ‘nos’ means elimination. Its co-founders and key management team consist mostly of ex-Tata group personnel such as R Venkataramanan and Ravi Kant, a former vice-chairman and managing director of Tata Motors. Though headquartered in Mumbai, it has operations only in Kerala now with services available in four locations in the state — Kothamangalam and Chottanikkara in Ernakulam district of Kerala, and Thodupuzha and Munnar of Idukki district, and is planning to ramp up its operations across the country.
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