Preventify raises ₹2 crore pre-seed round led by PedalStar
In a significant development, Preventify, a healthcare startup founded by Nirmal NR, has raised ₹2 crore in a pre-seed round led by PedalStar. This funding will be utilized to scale the startup’s preventive and chronic care delivery in Kerala, with plans to expand its operations across tier-2 and tier-3 cities nationwide. The startup, which currently operates three clinics, aims to establish a 10-clinic cluster in the next 12-18 months, investing in medical teams, diagnostics, pharmacy, and technology to provide affordable, protocol-driven healthcare access to a wider population.
Preventify’s vision is to revolutionize the healthcare landscape in India by providing high-quality, affordable, and accessible healthcare services to people in need. The startup’s focus on preventive and chronic care is particularly significant, given the rising burden of non-communicable diseases (NCDs) in the country. According to the World Health Organization (WHO), NCDs account for over 60% of all deaths in India, with cardiovascular diseases, diabetes, and chronic respiratory diseases being the leading causes of mortality.
By providing preventive and chronic care services, Preventify aims to address this growing health concern and help people manage their health more effectively. The startup’s clinics are equipped with state-of-the-art facilities and staffed by experienced medical professionals who provide personalized care and attention to patients. Preventify’s services include routine health check-ups, diagnostic tests, and treatment for various health conditions, as well as health education and counseling to promote healthy lifestyles.
The pre-seed funding raised by Preventify will be used to expand its operations and establish new clinics in tier-2 and tier-3 cities. The startup plans to invest in medical teams, diagnostics, pharmacy, and technology to provide high-quality healthcare services to a wider population. This expansion will not only increase access to healthcare services but also create new job opportunities in the healthcare sector.
PedalStar, the lead investor in Preventify’s pre-seed round, is a venture capital firm that invests in early-stage startups with high growth potential. The firm’s investment in Preventify is a testament to the startup’s innovative approach to healthcare and its potential to make a significant impact in the industry.
Speaking about the funding, Nirmal NR, founder of Preventify, said, “We are thrilled to have PedalStar on board as our lead investor. Their support and guidance will be invaluable as we scale our operations and expand our services to new markets. Our goal is to provide high-quality, affordable healthcare services to people in need, and we believe that this funding will help us achieve that goal.”
The pre-seed funding raised by Preventify is a significant milestone for the startup, and it marks an important step in its journey to revolutionize the healthcare landscape in India. With its focus on preventive and chronic care, Preventify is well-positioned to address the growing health concerns in the country and provide high-quality, affordable healthcare services to people in need.
As Preventify expands its operations and establishes new clinics, it is likely to face several challenges, including competition from established healthcare providers, regulatory hurdles, and the need to maintain high standards of quality and patient care. However, with the support of its investors and a strong management team, the startup is well-equipped to overcome these challenges and achieve its goals.
In conclusion, Preventify’s pre-seed funding is a significant development in the Indian healthcare sector, and it marks an important step in the startup’s journey to provide high-quality, affordable healthcare services to people in need. With its focus on preventive and chronic care, Preventify is well-positioned to address the growing health concerns in the country and make a significant impact in the industry.
News Source: https://ascendants.in/business-stories/preventify-raises-rs-2-crore-pre-seed-funding-kerala-clinic-expansion/
About the Author
