Healthtech startup Eka Care raises $15M in funding led by Hummingbird, others
Eka Care, a Bangalore-based healthtech startup aiming to digitize the health records of patients, has raised $15 million in a Series A funding round led by Hummingbird Ventures, along with the participation from 3one4 Capital, Mirae Assets, Verlinvest, Aditya Birla Ventures, Binny Bansal, Rohit MA, and other investors.
The startup says it is helping Indians build their health profile for better health outcomes and savings in healthcare spending. For doctors, it has built an advanced digital clinic management tool.
Vikalp Sahni and Deepak Tuli co-founded Eka Care in December 2020. The raised will be utilized towards product development, hiring, educating consumers on the benefits of maintaining a health profile, and helping doctors move to digital practice, it said.
“Our vision is to build a technology backbone to create and manage a health profile for every Indian”, said Vikalp Sahni, Founder & CEO of Eka Care. “The trust of marquee investors in our vision has elevated our confidence. We are super excited to continue reforming the way healthcare is delivered in India by building tools for healthcare providers and users,” Vikalp said.
According to Vikalp, Eka Care is enabling close to half a million chronic patients to store their health records digitally.
“Our deep conviction in Eka Care is driven by the growing need for a horizontal platform built on the back of UHI, the product interoperability, and the strength of the founders having previously scaled businesses across India. We are privileged to be a part of the journey, and look forward to witnessing Eka becoming the health profile for every Indian,” said Akshay Mehra, India Lead, Hummingbird Ventures.
Last year, The health tech startup received approval from New Delhi’s Ayushman Bharat Digital Mission (ABDM) to allow users to create and use their Ayushman Bharat Health Account (ABHA) and integrate the platform into the Unique Health Interface (UHI). It also has integration with the government’s CoWIN to let its users find COVID vaccination centers and store their vaccine certificates on the platform.
Eka Care claims to have become the largest repository of health records in the country, with over 30 million health records and 1.6 million ABHAs. Notably, It also allows users to store medical records directly from their Gmail account. Apart from this users can also upload medical documents via WhatsApp or by uploading document photos.
“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 of Mirae Asset Venture Investments (India).