Eka Care, a startup digitizing wellbeing records of Indian patients, raises $15 million
Eka Care, a startup that expects to digitize the wellbeing records of Indian patients, has brought $15 million up in another funding round as it hopes to employ more designers and carry extra specialists to its foundation, which has amassed north of 30 million enrolled clients and 5,000 specialists
Hummingbird Ventures drove Eka Care's Series A round, with investment from 3one4Capital, Mirae Assets, Verlinvest, Aditya Birla Ventures, Binny Bansal and Rohit MA, among others.
Established in December 2020 by Vikalp Sahni and Deepak Tuli, who beforehand helped to establish travel booking stage Goibibo, Eka Care permits buyers to deal with their advanced wellbeing records, which specialists can get to utilizing an in-house computerized facility the board device.
"I don't see a future where you will keep on keeping an enormous piece of your wellbeing information non-computerized," Sahni said
Today, his foundation is empowering nearly a portion of 1,000,000 ongoing patients to store their wellbeing records carefully.
Bengaluru-settled Eka Care began its excursion as a record-keeping application for specialists and patients. Last year, it got endorsement from New Delhi's Ayushman Bharat Digital Mission (ABDM) to permit clients to make and utilize their Ayushman Bharat Health Account (ABHA) and incorporate the stage into the Unique Health Interface (UHI).
The public authority imagines ABDM to offer a bound together computerized wellbeing framework. Simultaneously, ABHA functions as a singular record to assist consumers with effectively offering their wellbeing information to specialists, medical clinics, drug stores and wellbeing tech organizations. UHI, then again, offers an interoperable IT network through which individuals can interface with various medical care suppliers utilizing their ABHA personalities.
"The substance of UHI and ABDM is that general wellbeing record applications will be the wellbeing storage for patients," Sahni said. "It is totally what we need for the clients. Thus, it was a characteristic joining for us."
Sahni expressed that while utilizing ABDM is discretionary for clients, Eka Care prescribes purchasers to make their wellbeing IDs as it empowers them to share their wellbeing records to the open environment.
Eka Care last year additionally incorporated the public authority's CoWIN to allow its clients to find COVID inoculation focuses and store their antibody declarations on the stage.
Mehra likewise highlighted Sahni's past experience working with the public authority — where he was a piece of the group working behind India's contact-following application Aarogya Setu — as one reason that persuaded Hummingbird Ventures to take the speculation choice.
Various organizations have embraced the public authority's digitization plan in late quarters and have begun offering arrangements in view of the UHI. These incorporate players like DRiefcase, Docon and Bajaj Finserv Health.
Without unequivocally naming contenders, Sahni knows that numerous players actually see wellbeing as a conditional excursion. "We will be, at any rate, 50x more with regards to our MAUs, DAUs, and a complete number of clients that are utilizing our foundation," he said.
The leader likewise brought up that Eka Care has the two patients and specialists on its foundation, bringing an upper hand over comparable medical services contributions. "Some way or another because of our more extensive tech business edge, we have had the option to use the tailwinds, which is of CoWIN, ABDM, the best on the lookout," Sahni said.
Eka Care professes to have turned into the biggest vault of wellbeing records in India, with north of 30 million wellbeing records and 1.6 million ABHAs.
As well as supporting the public authority environment, the organization offers a Gmail mix to store clinical records straightforwardly from messages. It likewise permits clients to transfer clinical records through WhatsApp or by clicking their photographs. Eka Care's versatile application likewise incorporates a pulse screen highlight that utilizes the cell phone's camera to propose a pulse.
Keeping touchy wellbeing records on a computerized stage frequently raises clients' security and protection concerns. Eka Care claims it deals with client security via conveying different measures.
The organization additionally works with outer organizations and has an interior security and anonymization group to guarantee the wellbeing of client information, he said.
Eka Care additionally guarantees that it never leases or sells client "data or information to anybody" and never uses or moves its client information "for serving promotions, including retargeting, customized, or interest-based publicizing."
As of now, Eka Care works with a membership based model to create incomes. It offers memberships to specialists to permit them to associate with their patients and keep their records carefully put away on the stage.
"Our goal is the specialist ought to have the option to get done with composing on the electronic clinical record (EMR) in under 30 seconds. The remainder of the time, they ought to simply converse with the patient, see more about them, and give them more certainty," Tuli said.
Eka Care is additionally wanting to extend its labor force, which as of now involves around 100 individuals, by recruiting more specialists and accelerating the most common way of onboarding specialists. It has its outreach group in 14 urban communities, including level two towns and metros, to locally available specialists. Notwithstanding, there are plans to extend that span to new urban communities.
With the new financing, Eka Care has raised a sum of $19.8 million — including $4.8 million preceding the ongoing round. The specific valuation of the organization after the crisp financing has not yet been revealed. Notwithstanding, Tuli said it would be more like "three-digit million bucks."
"In Vikalp and Deepak, we are backing an outstanding group that has insight and skill of building and scaling computerized stages," said Ashish Dave, CEO, Mirae Asset Venture Investments (India), in a proclamation.