PE-VC Fund Investments
Oncology care platform Oncare attracts Rs.27-Cr led by Sky Impact Capital
Delhi NCR-based oncology care platform, Oncare , has raised INR 27 crore in a Series A round led by Sky Impact Capital. The funding round also included participation from Huddle Ventures, Lotus Herbal Group, SteerX, and Tremis Capital.Founded in 2023 by Amar Sneh and Deepak Kumar, Oncare operates four centres across Delhi NCR. The company operates a distributed oncology model that integrates medical, surgical, and radiation oncology within accredited hospitals, focusing on maintaining clinical governance, insurance integration, and transparent pricing.The company plans to use the new funds to expand its cancer care network across India, entering metro markets as well as Tier-2 and Tier-3 towns.Additionally, Oncare will invest in technology systems to streamline clinical operations and care coordination, aiming to build a national oncology network through a capex-light model to enhance access to treatment closer to patients’ homes.
In Jul 2024, Oncare had attracted about USD 1 M from DeVC India, Huddle Ventures, Nexus Venture Partners, TRTL Ventures, and others.For FY24, Oncare had reported about INR 67 lakhs in Operating Income and about INR 23 lakhs in Net Loss.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
