KiviHealth raises $400,000 in Pre-Se­ries A round

Funds will be used to strengthen prod­uct of­fer­ing, scale up sales op­er­a­tions

The Hindu Business Line - - NEWS - PRIYANKA PANI

KiviHealth, a tech­nol­ogy plat­form that aims to cre­ate next-gen­er­a­tion med­i­cal clinic us­ing in­tel­li­gence and au­to­ma­tion, has raised $400,000 in pre-Se­ries A round from Chandi­garh An­gels Net­work and Claris Cap­i­tal, a wholly owned sub­sidiary of Ahmedabad-based pharma com­pany Claris Life­sciences.

Prior to this, the com­pany had raised raised $130,000 in an an­gel round from var­i­ous in­di­vid­ual in­vestors and health­care ex­perts, in­clud­ing Pradeep Jais­ingh, founder of cancer cen­tre net­work In­ter­na­tional On­col­ogy and in­cu­ba­tor HealthS­tart.

The team

Founded in 2015, KiviHealth is a doc­tor-pa­tient col­lab­o­ra­tion tool that uses chat­bots and vis­ual tools to im­prove the com­bined en­gage­ment.

Bhanu Ma­ha­jan, one of the co-founders, is a med­i­cal and MBA grad­u­ate, who was work­ing in the strat­egy team at Max Health­care. The other, Ra­jan­deep Singh, has pre­vi­ously worked with Mi­crosoft and Cap­il­lary Tech­nolo­gies, in var­i­ous tech­nol­ogy roles.

Proven mar­ket

Kr­ishna Handa, founder of Claris Cap­i­tal, told Busi­nessLine: “We have ob­served the growth of the com­pany over the past one year and are en­thu­si­as­tic to of­fer our full sup­port to the fur­ther growth of the com­pany. We be­lieve the com­pany has proven its prod­uct mar­ket fit and holds a strong po­si­tion at a very right time in fur­ther pen­e­trat­ing the ripe dig­i­tal health­care ecosys­tem in In­dia.”

Vi­sion

He­mant Sood, a par­tic­i­pat­ing in­vestor from Chandi­garh An­gels Net­work, said the funds will be used to strengthen KiviHealth’s prod­uct of­fer­ing and scale up sales op­er­a­tions.

The amount will be also used for adding new tech­nolo­gies, in­clud­ing IoT, to make the of­fer­ing more in­clu­sive for both pa­tients and doc­tors.

The firm is cur­rently op­er­a­tional in Ma­ha­rash­tra, Gu­jarat and Ra­jasthan, with more than 2,000 pay­ing sub­scribers — doc­tors in this case — and more than one mil­lion reg­is­tered pa­tients.

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