Zoctr Health raises undisclosed amount of funding from NB Ventures

PUNE: Home healthcare startup Zoctr Health has raised an undisclosed amount of funding in its new funding round from Dubai based NB Ventures. A host of angels including Udaipur Angel Network also participated in this Pre-Series A round andwith this the total fund raise of the company has crossed $2 Mn.

Zoctr caters to the end-to-end portfolio of home health services including Home ICU set-up, home nursing & attendant care, baby care and specialized cancer care. The company has so far served more than 5000 patients and has aggregated more than 3500 blue collar workers on a pan India basis.

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.”

The company plans to enter the home cancer care and chemotherapy market and a large portion of this current funding round shall be utilized to build deeper technology and domain expertise.

Nidhi Saxena, CEO, Zoctr, said, Home Healthcare is a huge market and we are in it for the long haul. Rather than pursue senseless growth with huge cash burns, we are focusing on creating a highly differentiated niche play around Cancer Care, particularly Home Chemotherapy as well as leverage technologies such as Remote Monitoring, IoT etc. to add value to the customer.” The company recently launched it's app which enables users to book services online. It now plans to add Electronic Health Dashboard as well as Remote Monitoring features this.

Home healthcare is an emerging space currently estimated at $3.76 bn market growing at an 18% CAGR. It is expected to touch $14.2 bn and touch ~86 million patients by 2025.