Eka Care, a startup serving to digitize well being information of Indian sufferers, raises $15 million – TechCrunch

Eka Care, a startup serving to digitize well being information of Indian sufferers, raises $15 million – TechCrunch

Eka Care, a startup that objectives to digitize the well being information of Indian sufferers, has raised $15 million in a brand new financing spherical because it appears to rent extra engineers and convey further medical doctors to its platform, which has gathered over 30 million registered customers and 5,000 medical doctors.

Hummingbird Ventures led Eka Care’s Sequence A spherical, with participation from 3one4Capital, Mirae Belongings, Verlinvest, Aditya Birla Ventures, Binny Bansal and Rohit MA, amongst others.

Based in December 2020 through Vikalp Sahni and Deepak Tuli, who in the past co-founded trip reserving platform Goibibo, Eka Care lets in customers to regulate their electronic well being information, which medical doctors can get admission to the usage of an in-house electronic sanatorium control instrument.

“I don’t see a long term the place you are going to proceed to stay a big a part of your well being knowledge non-digital,” Sahni stated in an interview with TechCrunch.

As of late, his platform is enabling on the subject of part one million power sufferers to retailer their well being information digitally.

“While you move to a physician, and you’ve got a clinical list document, the physician has to head thru each web page of that document, which is unimaginable for someone to learn thru and be mindful,” stated Tuli. “But when it’s a graph, it’s simple to bear in mind and spot… That’s the elemental distinction for a physician.”

Eka Care Founders Vikalp Sahni and Deepak Tuli

Vikalp Sahni (left) and Deepak Tuli (proper)

Bengaluru-headquartered Eka Care began its adventure as a record-keeping app for medical doctors and sufferers. Ultimate yr, it gained approval from New Delhi’s Ayushman Bharat Virtual Venture (ABDM) to permit customers to create and use their Ayushman Bharat Well being Account (ABHA) and combine the platform into the Distinctive Well being Interface (UHI).

The federal government envisions ABDM to supply a unified electronic well being infrastructure. On the similar time, ABHA works as a person account to assist customers simply proportion their well being knowledge with medical doctors, hospitals, pharmacies and well being tech corporations. UHI, alternatively, provides an interoperable IT community by which other people can connect to other healthcare suppliers the usage of their ABHA identities.

“The essence of UHI and ABDM is that public well being list apps would be the well being locker for sufferers,” Sahni stated. “It’s completely what we would like for the customers. So, it used to be a herbal integration for us.”

Sahni stated that whilst the usage of ABDM is non-compulsory for customers, Eka Care recommends customers to create their well being IDs because it permits them to proportion their well being information to the open ecosystem.

Eka Care final yr additionally built-in the federal government’s CoWIN to let its customers to find COVID vaccination facilities and retailer their vaccine certificate at the platform.

Going with the federal government’s plan to digitize healthcare knowledge has helped Eka Care draw in the newest funding.

“We discover that for any key project funding marketplace, timing is important,” Akshay Mehra, India Lead, Hummingbird Ventures, informed TechCrunch. “On this case, with the assistance of or thru the federal government pushing ABDM, we idea that the Eka staff is easily situated to execute on that technique.”

Mehra additionally pointed to Sahni’s earlier revel in operating with the federal government — the place he used to be part of the staff operating in the back of India’s contact-tracing app Aarogya Setu — as one of the vital causes that satisfied Hummingbird Ventures to take the funding resolution.

“Outdoor of the contest, we don’t need to title any gamers, after all, however their patient-first method is the toughest to crack,” he stated.

Quite a lot of corporations have embraced the federal government’s digitization plan in contemporary quarters and feature began providing answers in response to the UHI. Those come with gamers comparable to DRiefcase, Docon and Bajaj Finserv Well being.

With out explicitly naming competition, Sahni informed TechCrunch that many gamers nonetheless see well being as a transactional adventure. “We can be, a minimum of, 50x extra relating to our MAUs, DAUs, and a complete selection of customers which can be the usage of our platform,” he stated.

The manager additionally identified that Eka Care has each sufferers and medical doctors on its platform, bringing a aggressive edge over identical healthcare choices. “By some means because of our broader tech industry edge, now we have been in a position to leverage the tailwinds, which is of CoWIN, ABDM, the most productive out there,” Sahni stated.

Eka Care claims to have turn out to be the most important repository of well being information in India, with over 30 million well being information and 1.6 million ABHAs.

Along with supporting the federal government ecosystem, the corporate provides a Gmail integration to retailer clinical information immediately from emails. It additionally lets in customers to add clinical paperwork by the use of WhatsApp or through clicking their footage. Eka Care’s cellular app additionally features a middle charge observe function that makes use of the smartphone’s digicam to signify middle charge.

Eka Care mobile app

Eka Care app on Android

Preserving delicate well being information on a electronic platform incessantly raises customers’ safety and privateness issues. Eka Care claims it looks after person safety through sporting a couple of measures.

“We were given some truly excellent other people in our tech staff. They’ve carried out a excellent activity. Many of those guys have labored with me at Aarogya Setu and Goibibo as neatly,” stated Sahni. “I’ve now not observed any further hacking makes an attempt ever in my existence than I’ve observed on Aarogya Setu right through my stint. And by chance, all of the learnings that we had is now we’re hanging it up on Eka Care.”

The corporate additionally works with exterior businesses and has an inner safety and anonymization staff to verify the protection of person knowledge, he stated.

“There’s an exterior company that we’ve got hired. They do penetration checking out on our programs each month,” stated Sahni. “They take a look at us as a hacker like white hat hackers externally and take a look at to present us any early warnings that we’ve got carried out.”

Eka Care additionally claims that it by no means rents or sells person “knowledge or knowledge to someone” and not makes use of or transfers its person knowledge “for serving advertisements, together with retargeting, personalized, or interest-based promoting.”

At the present, Eka Care operates with a subscription-based type to generate revenues. It sells subscriptions to medical doctors so they can connect to their sufferers and stay their information digitally saved at the platform.

“Our goal is the physician must be capable to end typing at the digital clinical list (EMR) in not up to 30 seconds. The remainder of the time, they must simply communicate to the affected person, perceive extra about them, and provides them extra self assurance,” Tuli stated.

Eka Care plans to extend its income type and discover extra avenues to monetize its providing. Part of the investment it has gained within the contemporary spherical is aimed for use particularly for monetization experiments.

“If customers aren’t prepared to pay, then perhaps insurance coverage corporations are prepared to pay as a result of they’re taking insurance coverage. So, there are lots of avenues,” Sahni stated.

Eka Care may be making plans to extend its body of workers, which recently accommodates of about 100 other people, through hiring extra engineers and rushing up the method of onboarding medical doctors. It has its gross sales staff in 14 towns, together with tier-two cities and metros, to onboard medical doctors. Then again, there are plans to extend that extend to new towns.

With the brand new investment, Eka Care has raised a complete of $19.8 million — together with $4.8 million earlier than the present spherical. The precise valuation of the corporate after the contemporary investment has now not but been disclosed. Then again, Tuli stated it could be nearer to “three-digit million bucks.”

“In Vikalp and Deepak, we’re backing an outstanding staff that has revel in and experience of creating and scaling electronic platforms,” stated Ashish Dave, CEO, Mirae Asset Challenge Investments (India), in a commentary.

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