Written by : Nikita Saha
November 13, 2024
India IVF plans to use the funding to expand its network across North India, aiming to address gaps in fertility care.
India IVF, a tech-enabled fertility platform, has raised $1.25 million in pre-Series A funding from Tomorrow Capital. This investment marks the first external funding for India IVF, which has operated profitably for a decade with clinics in Delhi NCR and Srinagar.
Founded by Dr Richika Sahay and Dr Somendra Shukla in 2014, India IVF plans to use the funding to expand its network across North India, aiming to address gaps in fertility care.
Sharing thoughts, Dr Richika Sahay, Co-Founder & Medical Director, said, "Approximately 30 million couples in India suffer from infertility, yet only 10% receive proper treatment due to limited access to fertility care. Our mission is to leverage technology and innovation to deliver quality, affordable, and empathetic fertility care to everyone. With Tomorrow Capital's support, we are well-positioned to expand access to fertility care across North India."
The company has established India’s first tech-driven fertility platform, delivering comprehensive fertility solutions with advanced technology and a specialized team.
Tomorrow Capital, a $100 million venture capital fund focused on early-stage healthcare investments, previously supported VitusCare and IndiShreshtha. This investment underscores its commitment to transformative consumer healthcare initiatives.
Rahul Saha, Senior Principal at Tomorrow Capital said, "India IVF has shown remarkable growth and a deep understanding of the unique fertility challenges faced by many Indian couples. With a tech-enabled, patient-focused approach, they deliver high-quality personalized care, addressing the often-emotional & stigma attached journey of fertility treatment. Tomorrow Capital backs ventures that drive meaningful impact, and with India IVF, we’re proud to enable access to essential fertility care across underserved regions in India. We believe their innovative approach will set new standards in India’s fertility sector, and we are excited to support their mission to make fertility care more accessible across the country."
With support from Tomorrow Capital, India IVF aims to expand fertility care access across India. By reaching underserved regions and leveraging technology for patient-focused care, India IVF is poised to elevate fertility standards nationwide, assisting couples across North India on their journey to parenthood.
Dr Somendra Shukla, Co-Founder & CEO of India IVF, commented, "This partnership will empower us to expand our network and bring advanced fertility solutions to more communities. We look forward to making a positive impact on more families and growing India IVF into a trusted national brand."