Lifetime Health Nets $1.5 Mn Seed Funding

SUMMARY

Lifetime Health secured $1.5 Mn (INR 12.4 Cr) in a seed round led by The Garage Syndicate.

The startup provides at-home healthcare services through a digital platform.

Funds will be used for platform development and expansion to new cities.

Home healthcare services provider Lifetime Health has reportedly secured $1.5 Mn (INR 12.4 Cr) as a part of its seed funding round led by The Garage Syndicate, with participation from a clutch of undisclosed angel investors.

The Bengaluru-based startup plans to use the fresh capital to further scale up its platform and expand into newer cities, Entrackr reported.

Founded by Konstantin Riabtsev, Michail Vorobiev and Nabil Ahmed IN 2023, Lifetime Health offers a range of medical services through its mobile application. These include phlebotomy, diagnostic tools, medical devices, nursing care, physiotherapy, and postoperative care.

Inc42 has reached out to Lifetime Health for comments on the development. The story will be updated based on the response.

“Our goal is to make quality healthcare accessible and convenient for everyone,” Riabtsev told Entrackr.

The company’s automated platform manages the entire process from client orders to nurse dispatches and results processing. Lifetime Health claims to provide services within 60 minutes of booking.

With this funding, Lifetime Health also plans to expand its partner network beyond the current 200 local clinics. The startup aims to connect over 10,000 medical offices nationwide and have 1,000 doctors registered on its platform.

The startup competes against the likes of Portea Medical, Apollo HomeCare, and Care24 in the home healthcare space.

The home healthcare market in India is growing at the pace of 19.29% CAGR. It was valued at $8.8 Bn in 2022 and is expected to reach $36.1 Bn by 2030.