How Much Did Eka.Care Raise? Funding & Key Investors

Eka.Care has successfully raised funds through two significant funding rounds, attracting the attention of notable investors such as Mirae Asset, Verlinvest, and Hummingbird Ventures. The platform is a digitally enabled and connected healthcare ecosystem focused on improving health outcomes through AI-driven solutions for doctors, patients, developers, and hospitals.

Keep reading to explore the intricacies of Eka.Care's fundraising journey and the investors backing this innovative platform.

What Is Eka.Care?

Eka.Care is an AI-driven health platform that aims to revolutionize healthcare by providing integrated solutions for doctors, patients, developers, and hospitals. The company operates in the Health Care, Information Technology, and Medical industries.

Founded by Vikalp Sahni, Eka.Care is based in Bangalore, Karnataka, India, and has an employee count ranging from 51 to 100. The platform focuses on better health outcomes through its digitally enabled and connected healthcare ecosystem.

How Much Funding Has Eka.Care Raised?

1. Seed Round
   • Amount Raised: USD 4,500,000
   • Date: July 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: The initial funding was likely used to develop the core platform and initial market entry.
2. Series A
   • Amount Raised: USD 15,000,000
   • Date: July 2022
   • Lead Investors: Hummingbird Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: The funds will be used for product development, hiring, educating consumers on the benefits of maintaining a health profile, and helping doctors transition to digital practice.

Total Amount Raised: USD 19,500,000. Current Valuation: Not publicly disclosed.

Key Investors

• Hummingbird Ventures
  • Details: Hummingbird Ventures is a venture capital firm that focuses on early-stage investments in technology startups. They led the Series A funding round for Eka.Care.
  • Investment Focus Areas: Technology startups, early-stage investments, growth-stage companies.
  • Notable Investments: Showpad, Deliveroo, Peak Games.
• 3one4 Capital
  • Details: 3one4 Capital is an early-stage venture capital firm that invests in technology, consumer, and healthcare sectors. They participated in the Series A funding round for Eka.Care.
  • Investment Focus Areas: Technology, consumer, healthcare sectors.
  • Notable Investments: Licious, Darwinbox, Betterplace.
• Mirae Asset
  • Details: Mirae Asset is a global financial services group that invests in a wide range of sectors including technology and healthcare. They participated in the Series A funding round for Eka.Care.
  • Investment Focus Areas: Technology, healthcare, financial services.
  • Notable Investments: BigBasket, Ola, Zomato.
• Verlinvest
  • Details: Verlinvest is a private equity firm that focuses on consumer brands, digital, and technology companies. They participated in the Series A funding round for Eka.Care.
  • Investment Focus Areas: Consumer brands, digital, technology sectors.
  • Notable Investments: Byju's, Purplle, Sula Vineyards.
• Aditya Birla Ventures
  • Details: Aditya Birla Ventures is a venture capital firm that invests in technology, financial services, and healthcare sectors. They participated in the Series A funding round for Eka.Care.
  • Investment Focus Areas: Technology, financial services, healthcare.
  • Notable Investments: Finbox, Zetwork, HealthifyMe.

What's Next for Eka.Care?

As Eka.Care continues to expand, the opportunities ahead are vast. The company is poised to capitalize on the growing digitization of healthcare in India, with plans to enhance its digital clinic management tools and expand its user base. The integration with government initiatives like Ayushman Bharat Digital Mission and CoWIN further solidifies its position in the market.

Future fundraising opportunities seem promising, given the strong backing from prominent investors and the increasing demand for digital health solutions. The successful Series A round indicates potential for further investments, which could be used to scale operations, develop new technologies, and enter new markets.

However, challenges remain. Educating a diverse population on the benefits of digital health profiles and ensuring data security are critical hurdles. Additionally, Eka.Care must navigate a competitive landscape, balancing rapid growth with maintaining high service quality. Despite these challenges, the company's strategic vision and robust support system position it well for future success.

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