Child Health Tracking Startup iCHR Raises Seed Round from a Delhi Based Angel Investor
The company has raised Rs 3 crore (over $450,000) from a senior partner with financial advisory firm EY (formerly Ernst & Young).
Integrated Child Health Records (iCHR) which is operated by Delhi-based Oxyent Technologies Pvt. Ltd., has raised a seed round of funding from a Delhi-based angel investor. The company has raised Rs 3 crore (over $450,000) from a senior partner with financial advisory firm EY (formerly Ernst & Young).
iCHR is a digital platform that integrates child health data through cloud computing and mobility technology, will use the funds for marketing campaigns for its mobile application which is available for Android and iOs users. Its app bridges the gap between the doctors and parents.
iCHR's platform integrates doctors, hospitals and parents, provides automated vaccination records and monitors the growth schedule. It also helps in maintaining data for research purposes.
The company, which mainly targets private hospitals and clinics in Delhi-NCR, claims to have over 2,500 patients on its platform and is planning to scale up by targeting big hospital chains in Delhi and across India. It has already tied up with Apollo Hospitals. In Delhi and adjacent areas, the startup’s immediate target is over 150 private hospitals and nearly 1,000 clinics in next two years.
iCHR founder Harpreet Singh said the firm is in an advanced stage of discussions with two investors to expand its operations within India and to African countries. “We are in talks with two early-stage venture capital firms based in Singapore and the US to raise our next round of funding. We may raise as much as Rs 30 crore ($4.5 million),” he added.
Recent deals in this space include:
Babygogo, a mobile app that connects parents with child healthcare experts, raised $300,000 in a seed round led by angel investor Rajul Garg.
Lybrate, an online and mobile-based platform that connects patients to doctors, raised $10 million from Tiger Global Management, Tata Sons chairman emeritus Ratan Tata and others in July 2015.
My Child App, which helps parents track learning disorders in children, raised $100,000 from Singapore Angel Network and others in January 2016.
In February this year, parenting app BabyBerry secured $1 million (Rs 6.8 crore) in angel funding from industrialist Nitin Bagmane and a group of undisclosed investors.
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