startup funding

Healthtech Startup Navia Raises $100K in Bridge Round from Benori Ventures

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navia team

New Delhi-based healthcare technology startup Navia Life Care Pvt. has raised $100,000 (~ Rs.67 lakh) in a a bridge round of funding from existing investor Benori Ventures, a Gurgaon-based Venture Capital & Private Equity firm led by research major Evalueserve’s former chief operating officer Ashish Gupta.

Other then Benori, angel investors who participated in this round include Rahul Verma and Sorabh Agarwal, among others, reported VCCircle.

The startup plans to use freshly raised capital towards growth and fueling expansion in business development and technology. Navia also plans to launch a few products over the next three to four months.

Founded in 2015 by Kunal Kishore Dhawan, Shourjo Banerjee and Gaurav Gupta, Navia Life Care is a health technlogy company with a special focus on patient care. The startup offers customized mobile apps for doctors, clinics, hospitals, and pharmaceutical companies for patient monitoring, engagement and compliance.

The startup had earlier raised an angel round of funding from Benori Ventures LLP in April 2017.

Navia has its flagship product called Navia Ace, which is a fully-integrated and end-to-end clinic management system, targeted towards individual practitioners or small clinics, focusing on patient engagement and retention.

Navia is currently working with around 25 clinic chains and hospitals, along with one pharmaceutical company, and is targeting 200 clients in this financial year.

Ritesh Malik, founder of co-working space provider Innov8, and former PwC India chairman Deepak Kapoor serve as mentors to the startup.

Speaking about Benori Ventures, it invest in early stage startups based in Delhi/NCR and mentor entrepreneurs who have the potential to impact the lives of millions of people. Some of its investment portfolio startups include edtech platform ConveGenius, school admission automation firm KleverMind and tea retail outlet TPot.

Recent Investment in Health Tech Space

Last month, Mumbai-based i3systems, a healthcare machine learning product company raised $1 million from Unitus Ventures, a marquee impact investment firm.

In April, another Mumbai-based health tech startup Doxper, which has created a digital pen and coded paper system for doctors to record patient information, had raised $1.1 million in a pre-series A round led by existing investor Vidal Healthcare, a health insurance company

In the same month, Twitter co-founder Biz Stone has invested in a healthcare chatbot Visit, which is also powered by Artificial Intelligence.

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