Care24, an online company which provides services of nurses, physiotherapists and attendants at home, has raised $4 million in a series A round of funding led by SAIF Capital.
Started by IIT alumni Vipin Pathak, Abhishek Tiwari, Garima Tripathi and Pranshu Sharma, Care24 provides a platform for people to get in touch with verified professionals for post-discharge care, bedridden care, chronic pain assistance, physiotherapy, infant care, pre and post-natal care, everyday nurses, long-term care and assisted daily living.
The Mumbai-based company has plans to expand to more cities in India and has begun market research for the same. Care24 also aims to consolidate its presence across the greater part of Mumbai, providing services with optimized process and maintaining high quality at scale.
The company claims to have over 3,000 patients on its platform and verifies each caretaker.
In terms of competition, there aren’t too many startups which provide nurses at home on demand. Practo does list physiotherapists on its platform, but does not provide options for the care of the elderly and bed-ridden. Perhaps it is an untapped market that more companies can look into.
Care24 had raised $350,000 in a seed funding round led by India Quotient in October 2015. The company at the time had said it would use the funds to enhance its technology, strengthen team, standardize care and quality assurance.
Other recent investments by SAIF Capital
– In September 2015, PepperTap, the Gurgaon-based hyperlocal grocery service, raised $36 million in Series B funding led by Snapdeal and existing investors Sequoia India and SAIF Partners, with participation from new investors Ru-net, JAFCO, and BeeNext.
-In June 2015, SAIF Partners and Matrix Venture Partners invested $6 million in tech-enabled budget hotel chain Treebo.
– In the same month, online food ordering and delivery startup Swiggy raised Series B funding worth $16.5 million led by Norwest Venture Partners, with participation from existing investors SAIF Partners and Accel Partners and an undisclosed entity.