Kicked off with just three people, the company now has more than 30 employees.
What is Mykare?
Mykare is a startup working in the healthcare sector. Kicked off with just three people, the company now has more than 30 employees. Most of the hospitals in India have limitations. They struggle with visibility, marketing, and resource utilization. These hospitals are usually controlled by a doctor, a group of doctors, or an organisation. Such hospitals will be able to reach only a small section of people in society. At the same time, ordinary patients might be looking for more reasonable hospital facilities. This is where Mykare comes as an aid to hospitals and patients. At Mykare, there is transparency in payments, insurance, and all.
Accolades and Future plans
The first milestone was the pre-incubation offer from IIT Madras. Later, the company was selected for NASCOM’s virtual incubation. Delhi-based Acceleration Company also selected Mykare for incubation. After that, Mykare applied at Silicon Valley-based Y Combinator, and On Tech, and got selected in the first cohort of On Tech. Inc 42 magazine selected Mykare as the best startup in 2022.
As of now, about 10 hospitals in Chennai follow the business model of Mykare. The plan is to extend its service to the states like Hyderabad, Pune, Mumbai, Bengaluru, and Kerala. The first phase includes increasing the demand. In the second phase, touch points of Mykare will begin in metro cities. This will let patients do both consultation and treatment through Mykare counters. Only surgery will be carried out through other arrangements that associate with Mykare.
Fundraising
As of now, Mykare is planning to collect Rs 15 crore. About 90 per cent of funds is raised from India’s prominent investors who lead Ola, Oyo, and Paytm. Investors Avana Seed Capital and Arjun Vaidya also support Mykare.
Mykare team
The team includes 4 people. Chief Operating Officer Shruthi has been working in the healthcare sector for the past 20 years. She has worked as the Operating Officer of Apollo, and Aster Dubai. Chief Technology Officer Rahmathulla had worked as tech lead of Infosys for 10 years. Joash Philipose has been working as the company’s product marketing head for the past nine years. The founding team is supported by a team of 32 people.
