Healthtech startup 3Hcare will use the new funds to expand its team, upgrade its tech infrastructure, and expand across India.
Delhi-based online healthcare portal 3Hcare has raised $1 million in its second round of funding, led by a group of technology experts.
Founded by Ruchi Gupta in 2016, 3Hcare has partnered with leading laboratories, and aims to bridge the accessibility gap between healthcare services and patients. It provides access to labs and hospitals with complete information regarding tests, pricing, discount, location, etc. The portal allows users to compare and book online treatment for cancer, heart, spine, orthopaedics, neurology, fertility, gynaecology, organ transplant, cosmetic surgery, and others.
Ruchi Gupta, Founder and CEO of 3Hcare, says: “The idea has always been to improve the hyper-local neighborhood concept, powered in the front end by technology. Part of the funds will be used to bolster and upgrade our technology, especially incorporation of Artificial Intelligence (AI) and Machine Learning (ML), to provide an enhanced value-added customer experience. We are also planning pan-India expansion.”
Last year, within 11 months of its establishment, 3Hcare raised $100,000 from angel investors.
3Hcare has partnered with over 400 diagnostic centres and more than 50 hospitals (both NABL and JCI-accredited) in more than 1,500 locations across India to bridge the accessibility gap between healthcare services and patients.
The platform launched ‘Plan my Surgery’ last year to help patients plan and book surgical treatments online.
Currently, 3Hcare offers online booking of diagnostic tests, offline corporate annual and pre-employment tests, preventive healthcare packages, and surgeries in India and abroad. The startup is planning to cover semi-urban and rural areas to help everyone access healthcare.
According to data by IBEF, India's healthcare sector is one of the fastest growing industries, and is expected to grow at a CAGR of 22.87 percent. It is estimated to reach $280 billion by 2020. Other prominent healthtech startups like LiveHealth, Lybrate, Niramai, Practo, and Portea, are also trying to resolve larger trends in fields like preventive healthcare, analytics, pathology, and emergency services.