The investment was led by Anicut
Fund, the equity arm of Anicut Capital, with participation from 9Unicorns and angel investors including the Healthcare and Life Science practice lead of a top tier strategy consulting firm, strategic partnerships lead at Google India, and the CEO of a renowned global pharma company.
The company said that it would utilise the fresh funds for technology, business development, product innovation and development, strategic hiring, and expansion across metro cities along with Tier 2 and 3 cities.
Navia Life Care was founded in 2016 by Kunal Kishore Dhawan, Gaurav Gupta and Nupur Khandelwal.
The company has a platform that collects data from various devices and stakeholders, and provides insights based on that.
The platform has services like teleconsultation and digital prescriptions that use handwriting recognition, voice-to-text technology to help make faster prescriptions and teleconsultation modules.
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Speaking about the recent funding, Kunal Kishore Dhawan, co-founder, Navia Life Care, said, “We aim to address a major issue of information asymmetry, which includes lack of availability of electronic medical records for easy access by patients and doctors, or view on prescription patterns for pharma, or even smaller scale issues such as unavailability of waiting times in OPDs for patients or information about drug availability at their nearest drugstore. With the new funding coming in we have an opportunity to build a base for the next leg of our growth and we are grateful to partner with investors who share our vision.”
“Healthcare in India faces several challenges including access and affordability. Technology can be transformative in delivering healthcare services. In recent times, digital health in India has significantly moved from ‘Good to have’ to ‘Must have’ all because of this pandemic.”, said Ashvin Chadha, co-founder, Anicut Angel Fund.
Apoorva Ranjan Sharma, founder and president of 9Unicorns, said, “Though India has highly qualified doctors and good medical facilities, healthcare providers still don’t talk to each other, which creates friction for the patients who have to carry cumbersome medical files every time they visit doctors. With a platform like Navia, the flow of patient’s information between doctors is seamless, leading to efficient treatment mechanisms.”
The company claims to serve around 15,000 doctors in more than 400 cities.
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