PE Fund Investments
Healthtech startup Phable raises $24.5 M from Aflac Ventures, Kalaari Capital
Bengaluru-based healthtech startup Phable is raising around USD 24.5 million in a fresh round of funding led by new investor Kalaari Capital. The round saw participation from Aflac Ventures, SOSV, Omron Ventures, Stride Ventures, among others. Existing investor Manipal Hospitals - which had led Phable's Series A round - also participated. Phable looks to solve patient treatment compliance, particularly in the chronic ailments like heart diseases, cancer, and diabetes where it focuses on continuous patient monitoring using machine learning-enabled Internet of Things (IoT) devices. The startup offers a single platform for digitising prescriptions, personalised health reminders, tracking vitals such as steps, blood levels, among others. Its offering acts as a preventive care, and acts as an alert for doctors whenever the vitals show anomalies. The startup also offers doctor consultations, and medicine/lab tests to its customers.
From the Venture Intelligence PE-VC Deal Database: In Sep-21, Phable had raised almost INR 30 Cr from Manipal Hospitals and Omron Ventures (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.).
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