22nd Jan 2021: Mumbai-based vendor aggregator of Durable Medical Equipment has raised seed funding via India Accelerator’s Angel Investor Network, which invests in promising startups.
The seed capital will be utilized by Quali55care to strengthen and establish tech support to enable smarter delivery by creating an AI-based recommendation engine for end-users. Quali55Care also aims to create a larger inventory pool across various geographic locations and improve the value proposition by building an ecosystem.
A large number of the Indian population lacks basic healthcare support post-hospitalization during the recovery period. This creates a real hard struggle and difficult situation to find the right healthcare support at home without specialized direction. A large number of startups already provide home care services ranging from nursing care to doc support, home medicine delivery, doctors on-call services; yet the industry still lacks structured cost-effective medical equipment providers, who can supply the right equipment ensuring hassle-free doorstep delivery, which is a primary need of home recovery with everything under one roof.
In Harddik’s words, “Quali55Care has a focused vision to become India’s First aggregator for medical equipment vendors, just like how Zomato and Swiggy aggregate restaurants! The company aims to launch AI/ML fueled recommendation engine with multilingual Chatbot support for customers to make the right decisions to fulfill their immediate medical equipments requirements. We are also targeting to expand their service horizons pan Maharashtra and metro cities in the near future and want the larger population to reap benefits. The company also plans to invest in tech-based logistic support. Currently, they operate from their Mumbai office and also have web presence, which also includes an online store.”
India Accelerator incubated Quali55care in their Summer Cohort Program 2020 and has also lead this investment round through its iAngels Network.
“With technology at its core, Quali55Care is enabling faster access to quality medical equipment. The home care space has huge growth potential and the team is absolutely committed to making patient care a comfort of the home as well as easy and affordable. This bridge round will help the team to evolve their technology to make their deliveries efficient and cost-effective.” Mona Singh, Co-founder of India Accelerator responded to the selection of the startup for their Cohort.
After being bootstrapped for almost two years now and achieving product-market fit, the company plans to look for funding to scale and materialize its vision with the aim to provide Simplified Recovery by all means.