Healthtech startup Karma Primary Healthcare raised an undisclosed amount of Series A funding from prominent investors, including Innospark Ventures, 1Crowd, Innovative Directions, Aanshi LLP, Social Innovation Circle, Sunil Mishra, and other angel investors. The Udaipur-based startup, founded in 2014 by Jagdeep Gambhir, aims to address the gaps in rural healthcare by focusing on increasing awareness, preventive healthcare, supply chain efficiency, and improving curative services.
Karma has developed a comprehensive primary healthcare delivery solution, offering real-time online video consultations and healthcare services through its facility-based, paramedic-assisted clinics. The startup has 25 clinics across Rajasthan, Haryana, Gujarat, and Madhya Pradesh, providing consultations, diagnostics, and pharmacy services to users. Additionally, Karma offers a secure, cloud-based tech platform tailored for public health partnerships, catering to over 300 locations within India and completing more than 1.5 million transactions.
Jagdeep Gambhir, the founder of Karma, revealed the company’s expansion plans, aiming to increase its clinic presence to 80 clinics across seven states. The startup also intends to establish collaborations with secondary and tertiary players to enhance the patient experience. Gambhir expressed gratitude towards the incoming and existing investors for their trust in Karma’s business model and its potential impact.
In addition to clinic expansion, Karma plans to focus on marketing and branding efforts, particularly leveraging data, research, and analytics. The startup aims to enhance its visibility and reach through strategic marketing initiatives.
While the e-pharmacy sector in India faces government intervention and regulations, the healthtech industry as a whole continues to thrive and attract investment. Recently, Bengaluru-based fitness startup HealthifyMe secured $30 million in pre-Series D funding, led by LeapFrog Investments and Khosla Ventures. Moreover, Pharmeasy, another key player in the industry, is reportedly seeking fresh funds and has enlisted the services of Avendus Capital for this purpose.
With the backing of its latest funding round, Karma Primary Healthcare is well-positioned to further develop its primary healthcare delivery solution, expand its clinic network, and strengthen its market presence, aiming to make a significant impact on the rural healthcare sector in India.
