Corporate Updates

iClinic Healthcare looks to raise 25 crores

135635_1In its bid to energize the online health segment in the country, particularly in semi-urban and rural areas wherein accessibility to specialized health care is a major challenge, iClinic Healthcare Pvt. Ltd. is in aggressive talks with leading private equity companies and individuals to raise the first tranche to the tune of Rs 25 crore.

iClinic Healthcare was conceptualized and founded jointly bySanjoy Mukerji, Ex-Chief Commercial Officer of Vodafone IndiaandVarun Berry, Managing Director, Britannia IndustriesLtd to make quality healthcare a reality in India.

iClinic Healthcare aims to provide specialist care to patients in semi urban towns by setting up centres from where they may contact specialists and super specialists in metro locations with the help of the local doctor and consult them for diagnosis, advice and treatment. The consultation will happen over an online video call with easy exchange of the patients reports over the web and will result in a specialistss consultation summary and a prescription. These data will also be saved for future references. Most importantly, the unique model of iClinic is to reach out to the upcountry areas through Assisted Remote Consults using 3G technology, providing super specialty healthcare services in areas where specialist healthcare is suspect or is unheard of!

To this end, iClinic has tied up with specialist and super specialist doctors in Delhi and Kolkata and major hospitals like Max Hospitals, Fortis Healthcare, Global Hospitals, Medica Super Specialty (Kolkata), Pushpanjali Crosslay, Nova Speciality Hospitals.

Detailing on the recent growth of iClinic,Sanjoy Mukerji, Managing Director, iClinicremarked, We are guided by a single-minded objective to provide quality healthcare services to everybody, anywhere and everywhere. We are extremely delighted with the huge response from our online patients and the growing rate of consults on our website is indeed overwhelming. We are determined to take healthcare to the next level and are reaching patients in over 40 remote towns in India as a first step to reaching millions in the need of specialist care. iClinic has already started its operation in Karnal, Jind, Kurukshetra&, Sirsa in Haryana, Mandi (Himachal Pradesh), Agartala in Tripura, Kosiin UP – and a pilot unit in Lagos, Nigeria. People from neighbouring towns are also finding it convenient to come to our centres to consult specialists in Delhi and Kolkata.

Our corporate units in collaboration with organizations like Vodafone, Aircel,Jubilant Life Sciences in Ranchi, Guwahati and Gajraula are also launchedwith 6 more in the pipeline in WB, Assam, Meghalaya and Bihar – bringing benefit to the employees and the families of these corporations.

iClinic Healthcare has also launched its E-commerce sitewww.icliniccare.comwith services like 24×7 Doctor on line, Written Medical Advice for 2ndopinions and Video call with specialists from anywhere through an appointment. The web site also has a corporate section and iClinic has been appointed by Vodafone to offer its web services to their employees in East India.

Having piloted its fresh and unique business models and proved the concept (with over 700 consults completed), iClinic is now looking to raise further funding. The company was originally funded by its directors with an initial outlay of aroundRs.5 Crores. The company is now looking to raiseRs.20-25 Crores through direct placement by individuals and institutions.

With over 27 years of successful corporate careers behind us, Varun and I have a fair amount of equity & credibility with many highly placed corporate seniors who have faith in our integrity and commitment and the ability to take a new concept and make it large. I am sure that they would be willing to invest in our organization and help it grow to its real potential says Sanjoy Mukerji.

iClinic Healthcare will use the fresh equity to rapidly expand its operations to most of the potential 1000 towns in India that have broadband and 3G and to thousands of factories & offices in upcountry towns who would like to extend this benefit for their workers and staff and their families. Their pilot unit in Lagos will also become a centre to enter the very high potential African market with lack of specialist infrastructure even more severe than in India.

Very soon, an iClinic consult facility will become a norm for any hospital in upcountry India and connecting their patients to specialists and super specialist doctors will become customary says Varun Berry envisioning iClinic Healthcares future success.

Source: IIFL

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