Total amount raised
$5.3 Million
Latest funding date
08/01/2018
Location
myUpchar has successfully raised funding over three rounds, with the latest round remaining undisclosed. The platform is supported by eight investors, including notable names like Sunil Sundaram and Omidyar Network India.
Keep reading to explore the intricacies of myUpchar's fundraising journey and the investors backing this innovative digital hospital platform.
What Is myUpchar?
myUpchar, founded in New Delhi, India, is a private company operating in the healthcare, hospital, information technology, and wellness industries. The company has an employee count ranging from 51 to 100.
As India's largest digital hospital, myUpchar positively impacts over 100 million patients per month. The platform offers a wide range of health services and products, including consultations with over 3500 doctors across various specializations.
How Much Funding Has myUpchar Raised?
- Seed Round
- Amount Raised: USD 300,000
- Date: September 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the initial platform and begin offering health services.
- Series A
- Amount Raised: USD 5,000,000
- Date: August 2018
- Lead Investors: Nexus Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop product and technology, focusing on voice, video, and virtual reality interfaces, and to make large-scale remote health services a reality.
- Undisclosed Round
- Amount Raised: Not publicly disclosed
- Date: November 2025
- Lead Investors: Sunil Sundaram
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and expansion as a Full Stack Digital Hospital.
Total Amount Raised: USD 5,300,000. Current Valuation: Not publicly disclosed.
Key Investors
- Sunil Sundaram
- Details: Sunil Sundaram is a significant investor in myUpchar, participating as a lead investor in multiple funding rounds. He has been instrumental in supporting the company's growth and expansion.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
- Nexus Venture Partners
- Details: Nexus Venture Partners is a venture capital firm that invests in early-stage and growth-stage companies across various sectors. They led the Series A funding round for myUpchar.
- Investment Focus Areas: Early-stage companies, growth-stage companies, various sectors.
- Notable Investments: Not publicly disclosed.
- Omidyar Network
- Details: Omidyar Network is a philanthropic investment firm that supports innovative organizations and companies addressing social issues. They participated in the Series A funding round for myUpchar.
- Investment Focus Areas: Social impact ventures, innovative organizations, companies addressing social issues.
- Notable Investments: Not publicly disclosed.
- Shunwei Capital
- Details: Shunwei Capital is a venture capital firm that focuses on investing in early to growth-stage companies, particularly in the technology sector. They were part of the Series A funding round for myUpchar.
- Investment Focus Areas: Early-stage companies, growth-stage companies, technology sector.
- Notable Investments: Not publicly disclosed.
- Omidyar Network India
- Details: Omidyar Network India is a branch of Omidyar Network, focusing on investments within India. They are one of the key investors in myUpchar.
- Investment Focus Areas: Social impact ventures, innovative organizations, companies addressing social issues.
- Notable Investments: Not publicly disclosed.
What's Next for myUpchar?
myUpchar stands at the cusp of significant growth, driven by the burgeoning $30 billion healthcare market in India. With plans to serve 500 million people, the company is poised to leverage its advanced technology, including voice, video, and virtual reality interfaces, to provide large-scale remote health services. This expansion into regional languages and personalized user experiences presents a vast opportunity for growth.
As the healthcare sector continues to attract investor attention, myUpchar is well-positioned for future fundraising rounds. The company's focus on technology and credible health content makes it an attractive candidate for further investments, potentially leading to strategic partnerships or acquisitions to enhance its offerings.
However, challenges remain. Ensuring the accuracy of health content, scaling technology to serve a diverse population, and competing with established players are significant hurdles. Addressing these challenges will be crucial for myUpchar as it navigates its path to becoming a leading digital healthcare platform in India.
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