Monday, December 11, 2023
HomeInsightFunding Alert Healthtech startup raises $2.2 mn

[Funding alert] Healthtech startup raises $2.2 mn

Healthtech startup
Healthtech startup

Healthcare firm has raised $2.2 million in its growth funding round from a group of investors including the global accelerator Y Combinator (YC), Olive Tree Capital, and Good Water Capital, Soma Capital, Brightlane VC, NB Ventures.

In this round, many investors like D S Brar, Chairman GVK life science and former President of Ranbaxy, and Avendus Capital’s founder Gaurav Deepak, also backed Janani.

Last year, raised a seed round of around $1.5 million in funding round from Venture Catalysts, Inflection Point Ventures, and Apollo Hospitals.

The company will use this money to build its technology stack, start full-fledged operations in major cities of the country and scale up its brand building and marketing activities.

“Infertility and sexual disorders are a growing problem in India, and in the name of solution what is available is just a few brands who sell generic drugs and pills. At Janani, we get to the root cause of the problem through our proprietary diagnostic and treatment plans created with the help of expert doctors, and this round funding validates the market’s need for an innovative product,” Nilay Mehrotra, co-founder of Janani said.

Bengaluru-based firm was founded in December 2020 by Nilay Mehrotra and Raj Garg, the company aims to make the process of infertility treatment and assisted fertilization easier and more affordable to the general public with the use of techniques like ‘at home semen’ testing.

“The company understands that lifestyle disorders can be caused by multiple factors and supports customers with a wellness buddy, nutritionist, mental health counselor, and custom yoga videos in their specially curated programs and sexual wellness is a $22 billion market alone in India,” said, Nichola Eliovits, managing partner at Olive Tree Capital.

The startup said it offers teleconsultation, at-home diagnostics, and nutraceuticals, along with specially curated programs for various lifestyle-related health issues.

The company has a complete solution for Sperm Health, Female Fertility, PCOD/PCOS, Irregular Menstruation, Menstrual Pain, Low Libido, and ED for Men.

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