SUMMARY
- Oncare has secured $1 million in its seed funding round led by Huddle Ventures.
- TRTL Ventures, Cloud Capital, and DeVC were some other notable participants in the round.
- The funds will be used for the expansion of its network of centers from five to ten across Delhi NCR, Bangalore, and Jaipur.
Cancer-care startup Oncare has secured $1 million in its seed funding round led by Huddle Ventures. TRTL Ventures, Cloud Capital, and DeVC were some other notable participants in the round.
The funds will be used for the expansion of its network of centers from five to ten across Delhi NCR, Bangalore, and Jaipur within the next two years. Additionally, it will be used to increase the size of its team and boost marketing activities aimed at spreading the word about its cost-effective cancer care options.
Established in 2023 by Deepak Kumar and Amar Sneh, Oncare is collaborating with hospitals ranging from 50 to 100 beds to develop specialized cancer care areas. Through these collaborations, Oncare is able to lower the cost of treatments by up to 40%.
The company positions itself as a budget-friendly yet high-quality option compared to the exorbitant costs of cancer treatments, which can reach over Rs 10 lakh in corporate settings. It also provides round-the-clock nursing support to assist patients in coping with the side effects and anxiety that come with cancer treatments, reducing the need for frequent hospital visits.
Oncare has been operational in South Delhi for the last 10 months, and has assisted over 2,500 patients in devising their treatment plans, with claims of having completed more than 500 treatment sessions.
The annual Health of Nation report by Apollo Hospitals highlights the overwhelming cancer situation in India, with the number of annual cases projected to increase from 1.39 million in 2020 to 1.57 million by 2025. Yet, the high cost of treatment, the scarcity of cancer care centers, and a lack of specialized medical professionals are making it difficult for millions to access cancer care.
