Cancer care startup Oncare secured $1 M Seed funding from Huddle Ventures
Huddle Ventures led the seed round that raised $1 million for the cancer care startup Oncare. Prominent institutional VCs including Cloud Capital, DeVC, and TRTL Ventures also participated in the round.
The proceeds will be used to expand its operations to 10 new centres across Delhi NCR, Bangalore, and Jaipur over the next two years. The money will also go toward growing the team and promoting the brand’s reasonably priced cancer care options through marketing campaigns.
Oncare, which was founded in 2023 by Deepak Kumar and Amar Sneh, is collaborating with hospitals that have 50–100 beds to establish oncology wings. By means of these collaborations, Oncare is able to lower treatment expenses by up to 40%.
The brand says it provides a high-quality, reasonably priced substitute for costly cancer treatments, which can cost up to Rs 10 lakh in corporate hospitals. Additionally, it provides patients with on-call nursing support to help them deal with the anxiety and side effects of cancer therapies without needing to make unneeded hospital trips.
Over the course of its ten months of operation, the South Delhi startup has guided over 2,500 patients with their treatment plans and claims to have completed over 500 treatment sessions.
The annual Health of Nation report from Apollo Hospitals indicates that India has an alarmingly high cancer burden, with 1.39 million cases expected in 2020 and 1.57 million cases annually by 2025.
However, millions of people cannot afford cancer care due to high treatment costs, a lack of oncology centres, and a shortage of specialized professionals.
