Healthtech Startup Drucare Raises Pre-Series A Funding

The fresh investment will be utilized to enhance Drucare’s marketing efforts, along with expanding its business operation. Further, the funds will also cover additional operational expenses.

Healthtech startup Drucare has bagged $1.2 million in a pre-Series A funding round led by SATRA Services and Solutions, a multi-disciplinary consulting company based in Hyderabad.

The fresh investment will be utilized to enhance Drucare’s marketing efforts, along with expanding its business operation. Further, the funds will also cover additional operational expenses.

Founded in 2016, by Dr Rajendra P Vennam, Drucare offers a comprehensive suite of solutions and services tailored for various healthcare organizations. Its flagship product, DrucareONE, provides an integrated healthcare SaaS platform designed to meet the IT infrastructure needs of clinics, hospitals, medical schools, laboratories, pharmacies, providers, and patients.

Sharing on expansion strategy, Dr Rajendra P Vennam, founder, CEO, and CTO of Drucare, said, “In the upcoming months, Drucare hopes to grow up and increase its footprint both domestically and globally in addition to adding new services to its present roster of over 40plus services for healthcare practitioners across Clinics, Hospitals, Pharmacies, Diagnostics, Medical Colleges of all sizes and numbers.”

The newly acquired funds will enable Drucare to enhance its market presence and accelerate the development of new services.

Currently, Drucare is actively seeking partnerships with other healthcare organizations, technology providers, and government bodies to enhance its service offerings and reach. These collaborations are expected to drive innovation and improve the overall healthcare ecosystem.

Additionally, the healthtech startup aims to expand its reach within India and explore international markets, aiming to provide advanced healthcare solutions on a global scale.

Recent Investments in Healthtech Startups

The healthcare startups in the country have been drawing significant attention from investors. For instance, Mumbai-based Healthcare financing startup Icanheal secured INR 15 Cr (approximately $1.8 million) in a seed funding round led by IvyCap Ventures, last week.

Per the startup, the funding is expected to improve its capabilities, specifically to provide customized healthcare financing options to cancer patients.

Another healthtech startup Alyve Health raised INR 45 Cr (around $5.5 million) in a Series A funding round led by Axilor Ventures, along with participation from existing investors 1Crowd Fund and InHealth Ventures.

Additionally, Healthtech startup Cloudphysician raised $10.5 million (INR 87.3 Cr) in its Series A funding round, led by Peak XV Partners, with participation from Elevar Equity and venture debt firm Panthera Peak.