The round also saw participation from Bharat Inclusion Seed Fund, Rebright Partners and Lesing Artha Limited
This brings the total capital raised by the startup to $11 Mn till date
With the fresh capital, Virohan is aiming to expand to 200+ new campuses Pan-India, and train more than 7000 students
Healthcare edtech startup Virohan has raised $7 Mn in a Pre-Series B1 round led by Blume Ventures. The round also saw participation from Bharat Inclusion Seed Fund, Rebright Partners and Lesing Artha Limited. This brings the total capital raised by the startup to $11 Mn till date.
Founded in 2018 by Kunaal Dudeja, Nalin Saluja and Archit Jayaswal, Virohan is a healthcare edtech platform that trains students in Allied Healthcare Programs (AHP). AHPs are technicians in the healthcare industry who work as Phlebotomist, Medical Lab Technicians, Operating Theatre Technicians, among others.
With the fresh capital, Virohan is aiming to expand to 200+ new campuses Pan-India, and train more than 7000 students. The startup is also planning to use the new funds to develop and launch new training programs, scale its omnichannel training platform infrastructure and content in vernacular languages along with developing new features to further increase learning outcomes for students.
As per the startup, the funding will also help the startup to expand to Japanese markets with the support from its existing investors ALES, and Rebright Partners.
“This investment is a testament of our product-market fit, scalability, impact and profitability of the business model. In the next 18 months Virohan will deepen its relationship with its stakeholders (Students, Universities/Colleges & Medical institutions), train over 10,000 students, and establish an international presence to cater to $100B+ global opportunity,” Kunaal Dudeja, cofounder and CEO of Virohan, said.
Till now, Virohan has claimed to train students across various courses which have seen over 96% completion rates and more than 98% placement rates within one month of program duration. It works with partners such as Fortis Escorts, 1MG, Dr. Lal Path Labs, Sarvodaya Healthcare, Healthians, among others.
As per a BCG-Niti Ayog report, India faces an acute shortage of AHP technicians with an existing gap of nearly 5 Mn workers and an estimated gap of 35 Mn by 2028. Virohan aims to bridge the gap.
According to an Inc42 report, the overall Indian healthtech market is estimated to become a $21 Bn space by 2025. While healthtech startups such as Even, Eka Care, Cure Bay raised funds in 2022, the healthtech sector is also likely to secure a large share of funding in FY24, per an Inc42 survey.
In 2022, the funding raised by Indian startups declined 40% to $25 Bn from $42 Bn in 2021.However, the year saw the announcement and launch of 126 funds, compared to 61 funds in 2021.
