The startup plans to use the funds for product development, developing referral programs and adding new revenue streams
Karma Primary Healthcare, an impact-first, technology-enabled healthcare startup, has raised Series A equity funding from a consortium of investors led by Innospark Ventures, 1Crowd, Innovative Directions, Aanshi LLP, Social Innovation Circle, Sunil Mishra and other prominent angel investors. In addition to this, the organisation has also raised support from Grand Challenges Canada (GCC), funded in part by Global Affairs Canada, through GCC’s Transition to Scale program.
Rural India is home to more than 700 million people and their vibrant culture, but it also faces substantial challenges in accessing reliable and affordable healthcare services. Karma Primary Healthcare sees this as a strategic healthcare opportunity to increase awareness, promote preventive healthcare, improve supply chain efficiencies, and improve curative service delivery.
The company’s vision is to leverage digital technology as an enabler to interlink above mentioned opportunities. Over 8 years, Karma has built a robust and comprehensive primary healthcare delivery solution that provides real-time online video consultations and delivers healthcare to users via its facility-based, paramedic-assisted clinics. These clinics deliver a comprehensive ecosystem of clinical treatment, quality medicines and diagnostics. The company also partners with other public health organisations for disease-specific programs like COVID, diabetes etc.
Jagdeep Gambhir, Founder & CEO of Karma Primary Healthcare said, “Access to quality healthcare should not be a privilege limited to urban areas. Digital innovations to bridge this healthcare divide presents a significant opportunity. Through last 8 years, we at Karma have honed the necessary skills and operating model to deliver primary healthcare to rural India. We look to expand our clinic footprint to 80 clinics in 7 states. We also look to create linkages with secondary and tertiary players to create a seamless patient experience. We are thankful to our incoming and existing investors that have shown faith in our business model, its impact and potential.
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