Ekincare raises strategic investment from pharma giant MSD - Times of India
Summary
The pre-Series-C funding round also saw participation from EkinCares existing investor, HealthQuad, which is a venture capital fund focused on healthcare innovation.The Hyderabad-based startup, which raised a total funding of $22 million since it was founded in 2015, said it plans to utilise the fresh capital to expand its cashless OPD network and enhance AI-powered analytics to drive better preventive care chronic disease management , and employee wellness outcomes. Since inception, EkinCare partnered with over 1,000 companies and built a network of over 40,000 healthcare providers across India.Healthcare in India is at a turning point. Lifestyle diseases are on the rise, demand for preventive care is growing, and digital solutions are becoming a necessity. This investment from MSD IDEA Studio, with continued support from HealthQuad, is a visionary step forward for us. The startup leverages AI, data analytics, and telemedicine to make preventive healthcare personalised and accessible.