Patients check in at a modern healthcare facility reception desk.
Healthtech startup Mykare has announced the closure of a $3.2 million funding round, with an additional $1 million (₹9.4 Cr) contributed in a bridge round by US-based healthtech company Papa.com co-founders Andrew Parker and Alfredo Vaamonde, alongside a Middle-Eastern family office. This latest infusion brings the total funding to $3.2 million (₹30.2 Cr).
The company plans to utilize these funds to bolster its artificial intelligence (AI) capabilities, accelerate product development, and deepen its presence in existing international markets. Founded in 2022 by Senu Sam, Rahmatulla TM, and Joash Philipose, Mykare operates a network of hospitals offering more affordable facilities than larger, branded chains. The startup aims to build an extensive provider network and deliver value-added services to improve patient care accessibility and affordability.
This funding follows a $2.2 million seed round raised in 2023 from investors including OnDeck ODX and Avaana Seed. Mykare is developing an AI-native healthcare operating system designed to automate the patient journey for clinics and hospitals, from initial acquisition and appointment booking to feedback and retention. The startup reports that its AI agents are currently integrated into 30-35 healthcare facilities, with an additional 45 clinics signed up for implementation, and aims to reach 100 clinics soon.
Mykare’s operational network spans the US, UK, Middle East, and India, with a reported waiting list of over 20 hospitals and healthcare providers. In India, its services are active in major metropolitan areas such as Delhi NCR, Mumbai, Bengaluru, and Hyderabad. Internationally, Mykare has partnerships with an oncology clinic chain and a dental chain in the UK, and is in discussions with a major dental chain in Qatar.
The investment underscores the growing trend in India’s healthtech sector, which is increasingly focusing on AI-driven preventive healthcare, recovery, and wellness solutions. This trend is supported by rising consumer demand for integrated health and wellness platforms. Recent investments in the sector include Hoola Health’s $5 million round and Gabit’s ₹36.2 Cr funding.
The Indian healthtech market is projected to reach $37 billion by 2030, indicating significant growth potential for companies like Mykare that are leveraging technology to innovate healthcare delivery.
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