Health tech company Eka Care raises $15 million in Series A funding
BENGALURU: Eka Care, a healthcare technology company for managing health profiles has raised $15 million in Series A led by Hummingbird Ventures with participation from 3one4Capital, Mirae Assets, Verlinvest, Aditya Birla Ventures, Binny Bansal, Rohit MA and other investors.
The company plans to use the recently raised capital for product development, hiring, educating consumers on the benefits of maintaining a health profile and helping doctors move to digital practice.
“Our vision is to build a technology backbone to create and manage a health profile for every Indian. The trust of marquee investors in our vision has elevated our confidence,” said Vikalp Sahni, Founder & CEO, Eka Care, in statement.
Eka Care was founded by Vikalp Sahni and Deepak Tuli in December 2020. Abhishek Begerhotta joined them as an advisor later. Eka Care is helping Indians build their health profile for better health outcomes and savings in healthcare spending. For doctors, Eka Care has built an advanced digital clinic management tool. Within the first year of launch, Eka Care became the largest repository of health records and vitals in India, with over 3 crore health records, 16 lakh ABHAs, and over 5000 doctors using its advanced EMR solutions.
Users can create their health profiles by storing medical records such as prescriptions, lab & scan reports, vaccination and development milestones for children, heart rate trends, blood sugar information and much more on the Eka Care app. All the records get linked with their ABHA account.
For doctors, Eka Care offers a full stack clinic management platform which helps them to improve their online presence, create a digital diary, write digital prescriptions and communicate with their patients digitally. It allows doctors to save time and earn more from their practice. Eka Doc app is available on Android and iOS.
“Our clinic management tool is compliant with both NMC and NDHM guidelines, it helps reduce time in writing prescriptions, compliance, improving the online presence and overall income of the doctors. Our doctors are leading the digitization wave in the country,” said Deepak Tuli, Co-founder & COO, Eka Care, in a statement.
Eka Care is the first private platform approved by Ayushman Bharat Digital Mission (ABDM) to facilitate the creation of the ABHA card. It is an ABDM-approved PHR app where users can receive their digital medical records from ABDM-affiliated health service providers.
“The first act in building a Digital India was driven by the creation of a universal system for digital identity and a scalable payment layer, which is now well-known globally as UPI. The overall objective was to democratize digital and financial services for every Indian with an internet connection. The next act is to proliferate the use of digital health services in India with the government’s UHI initiative,” stated Akshay Mehra, India Lead, Hummingbird Ventures.
“Eka Care’s proprietary tech stack, which has its own medical knowledge graph, will enable patients to create digital health records from any physical or online source and enable them to access an array of digital health services leveraging the Unified Health Interface under ABDM,” said Ashish Dave, CEO, Mirae Asset Venture Investments (India), in a statement.
“I believe that India is at the cusp of a health care revolution. With its innovative and integrated platform, a great team, and forward-looking vision, Eka Care is in a strong position to create a big impact. I am thrilled to partner with Eka Care in its growth,” commented Binny Bansal, Co-Founder, Flipkart.
Eka Care raises $15 million in Series A funding.This health tech company would undoubtedly continue to prosper in the years to come. I wish them great success in the future!Shishir Gupta, Founder and CEO, StartupLanes
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