05 June 2018, India:
Healthtech startup Zoctr has raised undisclosed amount in Pre-Series A round of funding. The funding round was led by NB Ventures. A host of other angel investors also participated in the funding round.
The startup will use the fresh capital to build deeper technology and domain expertise. The startup will electronic health dashboard as well as remote monitoring features to its recently launched mobile app.
“Home healthcare is a huge market and we are in it for the long haul. Rather than pursue senseless growth with huge cash burns, we are focusing on creating a highly differentiated niche play around cancer care, particularly home chemotherapy as well as leverage technologies such as remote monitoring, IoT etc. to add value to the customer,” said Nidhi Saxena, Founder and CEO, Zoctr.
“We find Zoctr’s business model and vision of an integrated Cancer Homecare company compelling. Home Healthcare being a huge but still evolving market, we believe Zoctr can earn a fairly niche positioning,” said Neelesh Bhatnagar, Director NB Ventures.
Zoctr was founded by Nidhi Saxena in January 2015. It is aHome & Telehealth Company that provides a comprehensive portfolio of home based medical services including long term Intensive Care, Chronic Care & Wellness, Corporate Wellness and Health Check-up programs and other subscription based value added services such as Teleconsulting, Home Laboratory Pick-ups, Home/Online Pharmacy and Emergency Management Support to its customers leveraging a proprietary, fully integrated and technology led business model.
(Image – Zoctr)