An undisclosed amount in seed
funding has been raised by the
Gurgaon-based e-diagnostic start-
up Elite Tech Healthcare Pvt. Ltd.
which runs Klinic App. A real estate
focused private equity firm Fire
Capital has made the investment.
The funds will be used for developing
technology platform and product.
The Gurgaon-based company was
founded by Divya, Parvendra Singh,
Shwetabh Walter, Sandeep Saraf
and Amal Sardar in 2015. It is an
online aggregator of organised and
unorganised pathology labs in India.
Users can compare blood test prices
offered by different labs. The firm
currently offers its services in 40
cities through its app and website.
The company intends to do Rs 50
crore of gross book value (GBV)in the next financial year from the
current annualised GBV of Rs 20
crore.
Apart from Elite Tech, another
firm that operates in the diagnostic
labs space is Airmed. It had raised
Rs 10 crore in pre-series A funding
from Brand Capital, the ad-for-
equity investment arm of media firm
Bennett, Coleman and Company
Ltd’s (BCCL), in January this year.Funds raised by Klinic App
Gurgaon-based Credi Health Pvt.
Ltd, an online medical assistance
company, has raised $1.5 million
(Rs 10 crore) in a pre-Series A
funding round. The healthcare
start-up secured the investment
from Tolaram Inc., the family
office investment arm of Tolaram
Group, and Mountain Pine Capital.
The start-up aims to use the
money to augment technology and
infrastructure to expand services
and introduce new products. For
Credi Health, it is innovation and
steady growth more than money
that are needed to survive in the
market. Credihealth was started in
2013 by Virmani, Gaurav Gaggar,
Saurabh Uboweja and Piush Kumar.
Credi Health raises
$1.5 mn funding
http://www.biospectrumindia.com | May 2017 | BioSpectrum l START-UP NEWS^21