LifCare, a full service chronic pharmacy, has raised an undisclosed amount in seed round funding led by Rajul Garg, a veteran in healthcare investing with earlier investments in Qikwell, HealthKart & Cygnus Medicare.
The round also saw participation from Alok Mittal (ex-Cannan Partners), Kunal Shah (CEO, FreeCharge), Rishi Mandawat (Bain Capital), Dheeraj Jain (Partner- Redcliffe Capital, London), Sandeep Tandon (co-founder, FreeCharge), among others. Investors from Dexter Angel Circle also participated in the funding round.
LifCare was founded by Rohit Mohta, Deepesh Rajpal & Krishna Killa. The company delivers medicines to subscribed customers. The startup will use the raised capital to expand to new geographies, technology enhancement and team expansion.
Related Article: SAIF, Nexus, And Others Invest $11 Mn In Online Pharmacy LifCare
How it works:
Customers need to call on the service center number. LifCare then sends it own pharmacists to the customer’s house to verify the prescriptions. After which, the medicines are delivered at the required place. In case of refills at a constant intervals, the customer will have to register themselves with the startup.
The startup has a team of 40 people, mostly from healthcare background, who are currently working at LifCare. It has a pharmacist licence and procures medicines from distributors and the delivery takes place from its warehouse.
“Keeping track of medicinal supplies, getting authentic and genuinely priced medicines month after month and service with real care is something which is invaluable to our patients. We also make sure our patients are more informed about the medicines they take” said Krishna Killa, founder & CEO at LifCare.in. The startup already has more than 5000 members on subscription.
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