Credihealth, Medical Assistance Company, has gained an investment of $1.5 million from Mountain Pine Capital and Tolaram Inc, family of office investment arm of Tolaram Group. Bala Swaminathan who was the former partner at KPMG and one of the initial investors was also present during the funding round.
Capital will be used to enhance innovation & infrastructure
The subsidizing will basically be used to enhance innovation as well as infrastructure to enhance benefits and acquaint new items to address the non-clinical agony faced by patients.
Company is seeking for evolution
Founder as well as managing director of Credihealth, Ravi Virmani said that, “More than money, it is innovation and steady growth that are needed to survive in the market today. The guidance and mentorship of our investors is what we are looking forward to, for sustained evolution of Credihealth”.
Credihealth has been successfully serving more than 180000 patients over 10 cities in India with panel of 30000+ doctors, specialist, etc. It had claimed that it earns Rs 6 crore whereas gross revenue is Rs 50 crore from hospitals for fiscal year 2016-2017. It maintained 15-18 percent of MOM growth rate during this period.
Future perspective of Credihealth
Now it is seeking to expand its services in 15 more cities till the end of 2017. And, it keeps objective to achieve revenue of Rs 150 crore by next fiscal year i.e. 2017-2018 for its partner hospitals.
Members and app users of the company
This Gurgaon-based Credihealth is having a dedicated members of over 6 lakh per month on it’s website. Additionally, Android users can seamlessly use Credihealth Mobile application to manage their accounts and to keep track of all details about appointments.
It is a high potential healthcare stratup
CEO of Tolaram Inc, said on this step of Credihealth that, “The Indian startup landscape has exhibited exceptional growth across industries and we are glad to participate in such a vibrant market with a high-potential healthcare startup. There is an urgent need for drastic improvements in India’s healthcare delivery system and to bring transparency for the patients”.
Partnership of Credihealth
Credihealth has tie ups with more than 630 hospitals in major cities in the country. They are also leading partners with major hospitals like Vedanta, Fortis, BLK, Artemis, Columbia Asia, Paras, etc.
Sasha Breen said that,
“India currently has one of the most innovative startup industries in the world. The health-tech sector particularly has been growing rapidly. We are determined to help in developing India’s healthcare industry by helping the company build on its expertise and expand the consumer base with its dynamic offerings”.