Karma Primary Healthcare secures ₹11 crore in Series A funding from UBS Optimus Foundation

New Delhi: Karma Primary Healthcare, a digital healthcare startup has raised ₹11 crore (about $1.3 million) in a Series A funding round led by UBS Optimus Foundation.

The funding round also included contributions from 1Crowd and other investors, setting the stage for Karma’s next phase of growth and technological enhancement.

The funding will be used to strengthen Karma’s technology infrastructure, expand its suite of value-added services, and grow its team. These initiatives are part of Karma’s effort to develop a patient-centred healthcare model aimed at rural communities in India, with plans to reach 100 locations and serve over 150,000 patients annually by 2027.

Dhun Davar, Head of Social Finance at UBS Optimus Foundation, highlighted, “UBS Optimus Foundation aims to scale quality primary healthcare for vulnerable communities around the world and make it more accessible. Our partner Karma Primary  Healthcare has assisted hundreds of thousands of patients in rural India since our partnership began and our continued funding will help them expand their network of medical facilities and further strengthen their digital platform.”

The funds will assist Karma in transitioning from a transactional care model to a value-based care model. This includes expanding value-added services, building referral networks, and enhancing predictive analytics for improved patient data management and personalized healthcare.

Natasha Kothari, Co-Founder of 1Crowd, expressed, “We are delighted by the profound impact Karma has created by revolutionizing the primary healthcare space in India. Their unwavering commitment to bridging the healthcare gap by providing medical care solutions including phygital consultations, advanced diagnostics, quality medicines, and health education in underserved geographies has truly been inspiring. Having supported Karma since their early days, we’re proud of the progress Jagdeep and his team are making in setting new standards in healthcare delivery. We remain committed to Karma’s transformative journey towards providing a continuum of care to people across the country.”

Jagdeep Gambhir, CEO and Founder of Karma Primary Healthcare shared, “UBS Optimus Foundation’s support aligns perfectly with our mission to revolutionize quality healthcare access for low-middle-income communities in rural India. This long-term commitment from UBS-OF supports our vision for sustainable growth.”