Karkinos Healthcare propels India’s cancer care services with Tata Group’s backing of Rs. 110 crores
Comprehensive digital oncology platform, Karkinos Healthcare closed a funding round with the Tatas Group drawing an investment of Rs. 110 crores. Tata Group has disbursed Rs. 35 crores immediately and the rest of the funding is expected to be disbursed by the Group in tranches in the coming months. Investment in Karkinos Healthcare has proved that the Tatas has been aggressively pursuing their interest in healthcare with green field and brown field ventures.
Mumbai-headquartered Karkinos Healthcare is also in advanced stage of talks to raise an additional round of funding from some of the leading business leaders, including Ratan Tata, Venu Srinivasan, Ronnie Screwvala, and Bhavish Aggarwal among others.
Karkinos, founded by former Tata employees, R Venkataramanan and Ravi Kant along with former BCCI Chief Operating Officer Sundar Raman, also has medical entrepreneur Shahvir Nooryezdan and Avanti Finance COO, Manish Thakkar as its co-founders. The company’s medical team is spearheaded by world-renowned oncologists like Dr. Moni Abraham Kuriakose and Dr. R. Sankaranarayanan, who have volumes of expertise in the prevention, detection, and treatment of cancers.
Karkinos enables access to cancer care near the patient’s home driven by geo-tagging of care partners. The company is pioneering the Distributed Cancer Care Network model in India, which recently found a mention in the leading medical journal – Lancet Oncology.
The company is purpose-driven in establishing a cancer care network that enables early detection with assured, affordable, and quality focused treatment pathways. As early detection of cancer is crucial to improve the outcome of the disease, Karkinos Healthcare believes in taking early cancer detection services to local communities, where it matters the most. The company works with people diagnosed with cancer to help them find diagnostic facilities and treatment centers closer to their homes. The company’s broad mission is to spread awareness on cancer causes and enable early detection of the most common, preventable cancers.
Karkinos Healthcare is currently offering its full-fledged services at Kothamangalam, Chotanikkara, Todhapouzha in Ernakulam District, Kerala and is partnering with several primary health centers, government hospitals, local panchayats, and tertiary hospitals across the nation.