eKincare secures Series A funds from Ventureast, Endiya Partners, Eight Roads, Touchstone equities among others
The Hyderabad-based eKincare an integrated healthcare platform driven by artificial intelligence secured $ 1.5million amount of Series A funding. The investors involved in the round include Ventureast, Endiya Partners, Eight Roads, Touchstone Equities, and BVR Mohan Reddy.
Earlier the company received Rs. 2 crore in 2015 from Bitkemy Ventures and Adroitent Pvt Ltd and Rs. 2.2 crore in 2016 from Bitkemy Ventures, Maheshwari Investment and other HNIs.
The AI powered personal health assistant reads medical data from health records and various healthcare interventions, predict health risks and provide timely personalized recommendations to beat those risks. All one has to do is take pictures of the physical medical records and eKincare will do the rest.
According to Kiran Kalakuntla, Founder & CEO, eKincare, we have seen a lot of interest from corporates to leverage our platform for their employees, keep track of the overall organization's wellness metrics and maximize the ROI out of their wellness budgets.
“The current round of funding will be used to grow and expand our technology platform and sales team and also get more doctors on board. We are committed to providing effective and intelligent solution to healthcare system in India and contribute in developing a healthy ecosystem overall”, he added.
“We constantly invest in disruptive start-ups that aim at addressing a larger market or consumer related challenges. eKincare is leading the predictive digitization of health-care that can help us take control of health outcomes while minimizing recurring costs. We are confident that the team will cement strategic partnerships, and continue to lead the ‘predictive diagnosis’ space through technology innovations”, said Srikanth Sundararajan, general partner, Ventureast.
Amongst the top Indian startups selected by Swiss Re for its first ever global accelerator program, eKincare received a no-obligation grant of $15,000 to further develop its product. Winner of the prestigious Uberexchange programme, the company was also featured in the Global Digital Health 100 Award List by The Journal of mHealth.
“As the healthcare sector continues to evolve, we believe, eKincare is on the right path to addressing the current challenges in the sector through technology and innovations.” said Dr. Ramesh Byrapaneni, managing director, Endiya Partners.
eKincare was launched in October 2014. Since India accounts for 60 per cent of cardiac diseases, with the number of diabetics expected to grow 2X by 2030 and one in three suffering hypertension, yet 60 per cent of the population are unaware of their health risk. It is here using AI strives to make healthcare decisions more personalised, predictive and preventive.