Sunday, May 22, 2022
HomeInsightFunding Alert Healthtech Startup Phable raises $24.5 mn From Aflac Ventures

[Funding alert] Healthtech Startup Phable raises $24.5 mn From Aflac Ventures

Healthtech Startup Phable
Healthtech Startup Phable

Healthtech startup Phable has raised around $24.5 million in a new round of funding from Georgia-based Aflac Ventures.

Many investors including Kalaari Capital, SOSV, Omron Ventures, Stride Ventures, existing investor Manipal Hospitals, and others also participated in this round.

As per regulatory filings, the startup is issuing a total of 9097 Series B CCPS to raise around Rs 187 crore from the above investors.

Last year in September Phable raised $2m in fresh funding round from Omron Ventures.

In February 2021, the startup raised $12 million in  Series A funding round from  multi-speciality healthcare provider, Manipal Hospitals.

Bangalore based health tech startup was founded in 2018 by Mukesh Bansal and Sumit Sinha, aims to make healthcare personalised, predictive and preventative for millions of Indians suffering from chronic ailments.

Its offering serves as preventive care and alerts doctors when significant symptoms show abnormalities.

The startup also provides doctor consultations and medical/lab tests to its clients.    

The startup claims to have impacted the lives of over 2 million people with over 10,000 doctors on its platform. Tracked over 100 million vital signs and shared over 5 million health tips.

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