ekincare, an AI-based startup, has raised $3.6 million (Rs 25.81 crore) in a Series A funding round from investors like Ventureast, Eight Roads and Touchstone equities.
The funding round was led by a new investor whose name has not been revealed by the company.
The latest round takes the total funding raised by ekincare to $ 5.6 million, statement from the company stated.
The funds will be used to strengthen ekincare’s technology platform, business development, marketing and expand its portfolio of offerings in the corporate health benefits market, the statement said.
Founded in 2014 by Kalakuntla and Srikanth Samudrala, ekincare offers a range of services including telemedicine, e-pharmacy, health checks, vision and dental care. It caters to over 200 companies, managing health of more than three lakh employees on its platform.
“Our patent pending technology recognises patterns across disparate health data sets, discerning differences between consumer segments and behaviours to engage people better,” ekincare founder and CEO Kiran Kalakuntla said.