New Delhi-based healthtech startup 3Hcare has raised around ₹7 crores ($1 million) in its second round of funding led by a group of technology experts.
The funds raised will be used to expand the team, strengthen technology infrastructure, as it looks to expand across India.
3Hcare was founded by Ruchi Gupta in 2016. The startup provides an online platform for patients to get various healthcare services like online booking of diagnostics tests, along with other health packages based on the patients’ needs. It aims to bridge the accessibility gap between healthcare services and patients through its platform.
Ruchi Gupta, Founder and CEO, 3HCare, said, “The idea has always been to improve hyper-local neighbourhood concept, powered in the front end by technology. We are pleased to have closed our second round of funding and this will hold us in good stead while we spread out geographically. Ease of access, the saving of time, transparency, comparative cost and credibility are few traits due to which even the corporate sector have preferred our services.”
3Hcare also offers Plan My Surgery, a service that helps patients plan and book surgical treatments online, helping them manage their finances by providing the best prices and deals.
The startup is planning to cover semi-urban and rural areas, as it leverages artificial intelligence to provide a complete technology-enabled platform.
3Hcare has partnered with more than 400 diagnostic centres and over 50 hospitals in more than 1500 locations across the country. Some of its partner hospitals include Artemis Hospitals, Paras Healthcare, VPS Rockland Hospitals, many others.
According to IBEF, Indian healthcare industry has grown to become one of the largest in the world and is still growing at a tremendous rate, providing huge opportunities for startups. The Indian healthcare market is expected to reach $280 billion by 2020, from the current $100 billion.