HealWell24 Raises Series A Funding

Healthtech startup HealWell24 has raised the first tranche of its Series A funding round from institutional investors as well as a clutch of individuals including writers from the popular web series Mirzapur.

JK Singha, the co-founder of HealWell24, said that the funding was led by Tainwala Family Office of luggage giant Samsonite’s former global CEO Ramesh Tainwala; and New Delhi-based Kemexel Ventures, part of Kemexel group that is engaged in consultancy, retailing, and handling back-end operations for e-commerce companies.

Others who contributed to the funding include Abhishek Raj Pandey, an executive at organic personal care brand Mamaearth; and two of the writers of Mirzapur web series — Puneet Krishna and Vineet Krishnan, added Singha.

An angel investor from Germany and an Australian-Indian NRI doctor also pooled in the capital as part of the tranche.

Singha did not disclose the amount HealWell24 raised in the tranche but said the startup aims to get $3.5 million (Rs 26.38 crore) in its Series A funding round.

Mumbai-based HealWell24 has also expanded its team to add co-founders Anil Vikramaditya Verma (chief commercial officer) and Chittaranjan Mishra (chief operating officer). Nilesh Bhanushali (chief technology officer) and RK Ningthem are the other co-founders of the startup.

The startup, operated by HWell24 Plus Healthcare & Technologies Pvt Ltd, says its technology-enabled platform seeks to create a network of consumers and healthcare professionals in the country.