Funds raised by Health-tech startup Klinic App

An undisclosed amount in seed funding has been raised by the Gurgaon-based e-diagnostic startup Elite Tech Healthcare Pvt. Ltd. which runs Klinic App.

money

An undisclosed amount in seed funding has been raised by the Gurgaon-based e-diagnostic startup Elite Tech Healthcare Pvt. Ltd. which runs Klinic App. A real estate focused private equity firm Fire Capital has made the investment. These funds will be further used for developing technology platform and product.

The Gurgaon based company was founded by Divya, Parvendra Singh, Shwetabh Walter, Sandeep Saraf and Amal Sardar in 2015. It is an online aggregator of organised and unorganised pathology labs in India. Users can compare blood test prices offered by different labs. The firm currently offers its services in 40 cities through its app and website. The company intends to do Rs 50 crore of gross book value (GBV) in the next financial year from the current annualized GBV of Rs 20 crore.

Apart from Elite Tech, another firm that operates in the diagnostic labs space is Airmed. It had raised Rs 10 crore in pre-series A funding from Brand Capital, the ad-for-equity investment arm of media firm Bennett, Coleman and Company Ltd's (BCCL), in January this year.

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