Kolkata based health company Euor Tech plans national expansion, eyes private equity funding
Kolkata-based health services technology company, Euor Tech India Ltd, plans to set up over 1,000 tele-clinics across the country over the next few years.
"We have been testing our pilot over one year at Contai, East Midnapur for tele-clinics and now the model has stabilised. We are now in a position to expand rapidly. We have a plan to have our own 1,087 clinics in phases across the country," Euor CEO Sudip Mukherjee told PTI.
In the first year, the plan is for 50 clinics, while over the next three years we are aiming for 475 clinics covering the entire eastern region, including the North-East, he said. The remaining clinics will come up in the second phase and the entire roll-out of the project will be completed by 2022-23.
According to PTI, these clinics would provide primary healthcare through daily consultation by specialised doctors using tele-medicine technology for rural India. The company also acts as an aggregator in heath services and had recently launched a mobile application to deliver all health related services through smart phones.
Asked about funding, Mukherjee said the company requires Rs 10 crore to roll out the physical clinics. "Our business model gives unique and numerous value additions to urban as well as rural India's healthcare segment. We are looking at equity dilution at this stage - not more than 10 to 15 per cent as we have already been valued at Rs 60 crore," he said. Discussions are on with SAIF Partners and a few other venture funds to raise money required to scale up operations, he added.
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