Healthcare Financing Startup Icanheal Bags INR 15 Cr From IvyCap

Healthcare startup Icanheal has raised INR 15 Cr (around $1.8 Mn) in a seed funding round led by IvyCap Ventures.

The Mumbai-based healthcare startup plans to deploy the fresh funds to enhance its capabilities to cater to millions of patients,particularly those facing critical care diseases like cancer, by providing customised healthcare financing solutions.

Founded by Girish Poddar and Amit Backliwal, Icanheal aims to address this critical gap by providing tailored financing options. The startup claims to design solutions to enhance accessibility and promote better adherence to treatments, thereby improving overall patient outcomes.

“We are grateful to Vikram and IvyCap Ventures for their trust and investment in our vision. Healthcare in India is evolving rapidly, and our platform aims to make advanced treatments more affordable and accessible to all patients. This funding will enable us to scale our operations and further our mission of improving healthcare outcomes nationwide” said Poddar.

Icanheal competes against the likes of AGS and Access Healthcare among others.

India’s healthcare startups have been attracting a lot of attention from the investors for quite sometime now.

For instance, earlier this month healthcare-focused fintech startup Care.fi secured debt funding of $2.6 Mn (around INR 21 Cr) from Trifecta Capital and UC Inclusive Credit.

 Last month Mumbai-based healthtech startup Alyve Health raised INR 45 Cr, (around $5.5 Mn) in a Series A funding round led by Axilor Ventures, along with participation from existing investor 1Crowd Fund and Inhealth Ventures.

As per Inc42 report, the market size of India’s healthtech sector is expected to reach $21.3 Bn by 2025.