eKincare raises Rs 2.2 cr in pre-Series A funding

The funding will be used to strengthen product development, intellectual property and tap the right talent

eKincare, a Hyderabad-based healthcare technology start-up, has secured Rs 2.2 crore in a pre-Series-A round of funding.

The fundraising was led by existing investor Bitkemy Ventures, with participation from Maheshwari Investment and high net worth individuals such as Anshoo Gaur (Indian Angel Network, Amdocs), Ramakrishna Reddy and Sandeep Seerapu.

eKincare’s had raised Rs 2 crore as seed fund in January 2015 from Bitkemy Ventures and Adroitent Private Limited. The current funding will be used to strengthen product development, intellectual property and tap talent to foster the company’s growth in the tech-led healthcare space.

Launched in October 2014 by Kiran Kalakuntla (founder and chief executive officer), a Duke University graduate, and IIM graduate Dinesh Koka (co-founder and chief operating officer), eKincare’s patent-pending technology gathers medical results from various healthcare providers, updates profiles, and provides a single repository for users to store all their healthcare information. It then identifies potential health risks from the data, provides a personalised health plan to beat those risks.

“This round of funding was raised to bring in a few strategic investors on board and will be utilised to further improve the B2B (business-to-business) offering, expand to other cities and hire for operations in new cities,” eKincare founder and chief executive officer Kalakuntla said in a statement.

eKincare is a free platform and has no limits on the data stored. It allows multiple profile management. It has partners across over 2,000 locations pan-India.