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Pramati Healthcare closes $200,000 in pre series A funding

Home healthcare start-up Pramati Healthcare recently closed $200,000 in its pre series A funding from strategic investors with a healthcare background.

By Sonal Khetarpal | March 17, 2016 | Updated 14:28 IST
Pramati Healthcare closes pre series A funding

Home healthcare start-up Pramati Healthcare recently closed $200,000 in its pre series A funding from strategic investors with a healthcare background.

The investors have full-time jobs - one is a doctor in the US and the other two are corporate investors in healthcare. Due to the conflicting interest with their day time employment, the company refused to divulge their details.

Founded in May 2014, Pramati Healthcare offers care giving, assistive care, physiotherapy and rehabilitation services to patients in Delhi-NCR.

The company was started by Vishal Jain when he had a bitter experience while arranging rehabilitative services for a relative in 2012. He saw that the healthcare space for recuperating patients or people with chronic problems was largely disorganised and lacked professionalism. In 2014, he was joined by his close friend Deep Bajaj who was in the healthcare space with his intimate care product PeeBuddy.

The heathcare start-up has a pool of 100 in-house specialists who are trained before being deployed at clients' homes. Each caregiver has to go through a three-month training programme after enrolling with the platform. The module was developed in conjunction with St Stephen's Hospital and Alzheimer's and Related Disorders Society of India.

The company has increased its patient visits from 3,300 to 5,000 per month, the press statement said. They charge from Rs 15,000 to Rs 75, 000 per month from each patient depending on the nature of the services rendered.

The funds will be used to hire people at executive roles, bolster the tech platform, and further improvise the training modules, said Jain.

Speaking on the funding, Deep Bajaj said "We were at operational break-even for the past few months and hence, more than the funds, at this stage, we were seeking right partners who can provide mentorship, intellectual capital and domain expertise. With our current Angels, we have hit the jackpot in terms of perfect strategic value they bring on board both in terms of network access and industry expertise."

In the healthcare at home space, the company competes with Mumbai-based start-up Care 24 and the Bangalore based larger player Portea Medical.

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