Digital healthcare startup Karma Primary Healthcare has secured funding from UBS Optimus Foundation as part of its Series A funding round.
This investment brings the total Series A funding to ₹11 crore (about $1.3 million). The round also saw participation from 1Crowd and other investors
The capital will be strategically deployed to enhance Karma’s technological capabilities; extend value-added services; and expand the team as it builds out a patient-centric care model for rural patients in India. Karma aims to reach 100 locations serving over 150,000 patients annually by 2027.
The funding will enable Karma to transition from a transaction-based care model to a value-based care model, including the development of value-added services and referral networks. It will also support the enhancement of predictive analytics capabilities, allowing for improved patient data management and personalized healthcare solutions.
Read also – kindlife.in Secures $8 Mn Series A Funding Round led by JB-Dooeun TK Fund and MIXI Global Investments
Karma enables access to quality primary healthcare across 8 states in India through its assisted telemedicine model. The company has witnessed a threefold increase in its patient base over the last three years impacting more than 350,000 lives with validated positive health outcomes, with 55% of them being women. Karma has been able to achieve this growth on the back of a robust technology platform that addresses both awareness gaps and service delivery gaps which has enabled it to accumulate a comprehensive dataset of patients in rural India.
About Karma Primary Healthcare
Founded in 2014 by Jagdeep Singh Gambhir, Gagandeep Gambhir Singh and Manjeet Singh Gambhir, Karma Primary Healthcare (Karma) is an impact-driven, technology-enabled startup with a vision to make primary healthcare more accessible, equitable, integrated, and evidence-based. As of July 2024, Karma is present across eight states in India and has successfully treated over 350,000 patients.
Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:
Startup Success Stories: Discover inspiring tales of startups overcoming challenges and achieving success.
Funding Startup News: Stay updated with the latest news and trends in startup funding and investment.
Startup Insights: Dive into in-depth analyses of various industries and market trends to make informed business decisions.
