Delhi-based Digital Health Startup Navia Life Care Raises $1M, Round Led By Anicut Angel Fund
- BySheetal Sidhu | August 18, 2021
, a Delhi-based digital health startup, has raised $1 million in its Series A funding. The investment was led by Anicut Angel Fund, the equity arm of Anicut Capital, with participation from 9Unicorns and other notable angel investors, including the healthcare and life science practice lead of a top tier strategy consulting firm, strategic partnerships lead at Google India, and CEO of a renowned global pharma company. The fresh funds will be focused on strengthening the company’s position as one of the fastest-growing digital health startups in India that is helping to reduce information asymmetry and increase access to quality health information across the ecosystem. It will further allow the company to use the capital for technology, business development, product innovation and development, strategic hiring, and expansion across all healthcare hubs of India, metro cities, along with Tier-II and III cities.
The digital health startup is aiming to close a $5 million Series A round in the next three to four months. Kunal Kishore Dhawan, Co-founder, Navia Life Care, said, “It has been our mission to build a “connected” healthcare ecosystem, in order to facilitate improvement in standard of care and patient outcomes. We aim to address a major issue of information asymmetry, which includes lack of availability of electronic medical records for easy access by patients and doctors, or view on prescription patterns for pharma, or even smaller scale issues such as unavailability of waiting times in OPDs for patients or information about drug availability at their nearest drugstore.”“Healthcare in India faces several challenges including access and affordability. Technology can be transformative in delivering healthcare services. In recent times, digital health in India has significantly moved from ‘good to have’ to ‘must have’ — all because of this pandemic. We are privileged and delighted to partner with Navia Life Care as they march ahead in their mission to re-imagine the health ecosystem for Indians,” said Ashvin Chadha, Co-founder, Anicut Angel Fund.
Follow Startup Story
Related Posts
