Mumbai-based healthtech startup Quali55Care has raised $100,000 in an angel round led by ah! Ventures Angel Platform. With this, ah! Ventures has done 140 investments in 104 startups till date, taking its total investment portfolio to Rs 285 crore with 14 exits and 28 follow on rounds.
Founded in 2018 by Harddik K Patel, Raj Manta and Shraddha Kanal, Quali55Care aims to solve the problem of accessing durable medical equipment for home care with affordability. The medical equipment rental market is very unorganized and lacks transparency in terms of offerings.
The startup is working to make it more organized via its online platform which has clear pricing transparency, uniform supply, and quality and makes it more accessible, affordable, and reliable. It is currently operating in Mumbai and Pune and offering its rental solutions via its online platform.
According to Harddik, the raised capital will be deployed towards tech development for better customer experience, product offerings and taking the distribution process to the next level, and onboarding of new talent to optimize the team for its future goals.
“By keeping recovery simplified at the heart, Quali55care is making asset lite, tech enabled medical equipment rental solutions for home care and corporates by creating cloud-based inventory support with strong logistics in place,” Harddik K Patel said.
“Speaking to our customers has given us some interesting insights. It has helped us to ideate and develops varied formats of rental packages while keeping convenience, affordability, and hassle-free delivery by keeping vision intact. Also planning to bring whole healthcare ecosystem to support their patient base by adding value through our platform,” he adds.
Quali55Care says it looks forward to a successful Phase 2 that could multiply its growth and establish it as one of India’s top health tech platforms by growing its offering further into 14 cities with a large pool of inventory by taking quality vendors on their platform.
Speaking on the investment, Ketan Kataria and Mulchand Darji, Venture Partner at ah! Ventures, said “Quali55care, being a new-age health tech brand in the home care industry, is in the recession-proof industry and has been growing exponentially. The founders to be passionate and high on zeal towards their venture. They know what they are doing and are simultaneously open to new ideas and innovative measures that can benefit the company in the long term.”