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Homeopathy platform Welcome Cure raises $6M

Alternative medicine platform Welcome Cure has raise $6 million in a round of pre-series A funding, of which $5 million came from an unnamed Indian media house and $1 million from unnamed high net-worth individuals. The platform will use 10 percent of the funding for developing tech, 20-25 percent for talent and doctor acquisition and the rest on marketing and user acquisition. Speaking to Medianama the company mentioned that it currently had over a 100 expert doctors on a revenue sharing basis that write prescriptions, with less experienced doctors employed on a full time payroll to answer any questions. As of now Welcome Cure offers all kinds of homeopathic treatments on its platform, which it claims to deliver all across the world. Users first need to sign up on the platform post which they can enter the health problems they have. Users then need to select a paid health plan, which costs Rs 3,500 for 3 months to Rs 16,000 for 24 months. The company offers additional plans in tiers of 6 months, 9 months and 12 months, as well as alternatively priced plans for regions other than India. According to the company, on selecting a health plan, the user is directed to a homeopathy expert who sets up the prescription, after which the relevant medicines are mailed to the user. The platform also provides users with live chat, Skype, telephonic and email interactions with real doctors. Other than this, Welcome Cure also provides users with case histories and medical reports that…

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