Healthcare startup iKure plans to raise Rs 30 crore from overseas investors

iKure, a homegrown startup targeting rural healthcare space, is planning to raise $3-5 million (approximately Rs 25-30 crore) from global investors over the next six months. "We plan to use the proceeds to scale up our operations to 50 blocks in 8 states, strengthen team size, upgrade technological capabilities as well as train some 500 community members," said Sujay Santra, promoter of iKure and an ex Oracle employee.

Formed in 2010 with seed fund support from WEBEL venture fund, iKure has already raised angels rounds from reputed high net worth individuals ( HNIs) of Cal cutta Angels, I3N, Mumbai Angels, Japane se Fund Arun LLC & Vilcap, USA.

It has so far raised close to Rs 2 crore in the past two years by offloading near 30% stake. The venture started its operations by setting up physical Rural Health Centers (RHCs) equipped with full-time MBBS doctors, pharmacists, and health officers. Enabled with hub and spoke model, RHCs facilitated seamless consultation and escalations across urban specialists or hubs using iKure's in-house technology called WHIMS.

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