CONNECT WITH US
Funding Tracker

Funding Tracker

After 8 bootstrapped years, Health ATM maker Clinics On Cloud raises Rs 120 crore at Rs 600 crore valuation

Indian Startup News – Funding logo

Published on

Add as a preferred source on Google
After 8 bootstrapped years, Health ATM maker Clinics On Cloud raises Rs 120 crore at Rs 600 crore valuation

Pune-based healthtech startup Clinics On Cloud has raised Rs 120 crore (about $12.5 million) in a Series A funding round from Dubai-based investors through Model42, a healthcare investment platform powered by Enlightened Minds Investments.

Clinics On Cloud makes Health ATMs, self-service kiosks that run preventive health check-ups, along with other formats for what it calls connected microclinics. The company announced the round last week.

Notably, it is the startup's first institutional funding. Clinics On Cloud was founded in 2018 by Abhay Agarwal and Manashrri Agarwal and grew without outside capital for eight years before this round.

"For eight years, we have built Clinics On Cloud with a simple belief that quality healthcare should never depend on someone's PIN code," said Abhay Agarwal, Founder and CEO of Clinics On Cloud.

"This investment gives us the opportunity to take that vision global. Healthcare technology is advancing rapidly, but the real opportunity is making these innovations accessible to people, wherever they are. That's the infrastructure we want to build," he added.

The startup plans to use the funds to strengthen its AI-led healthcare capabilities, expand research and development, and grow its network of connected microclinics. It has also said the capital will go towards international regulatory compliance and scaling up manufacturing of its devices.

The UAE will serve as its global expansion hub, from where it plans to pursue opportunities in Africa, the United States and Southeast Asia.

The funding will also support partnerships with healthcare providers , technology companies and organisations that want to set up connected microclinics in different markets.


Source link
Related Topics:Funding Tracker

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.