Home based healthcare startup, Zoctr Health has raised an undisclosed amount in pre-series A round funding from Dubai based NB Ventures. The investment round witnessed participation of a host of angels including Udaipur Angel Network leading the total fundraising of the company to cross $2 Mn.
Zoctr will be utilising the significant portion of funding to build deeper technology and domain expertise. The startup is also looking forward to incorporating an electronic health dashboard in its recently launched app along with remote monitoring features.
The startup has an end-to-end portfolio of home health services including Home ICU set-up, home nursing & attendant care, baby care and specialized cancer care. It was founded by Nidhi Saxena in 2015.
Neelesh Bhatnagar, Director NB Ventures, said,
We find Zoctr’s business model and vision of an integrated cancer homecare company compelling. Home healthcare being a huge but still evolving market, we believe Zoctr can earn a fairly niche positioning.
NB ventures is an investment based firm situated in Dubai. It had recently participated in a $3 million funding round for a fraud detection platform IDfy.com.It has also invested in other startups that include Qriyo, TempGO, MobieFit and HealthifyMe.
Homecare health is an emergent industry in India estimated currently at $3.76 bn market growing at an 18% CAGR.