New Delhi: Gurgaon-based healthcare startup Zyla Health has raised $4 million in its Series A funding round led by Exfinity Venture Partners.
The round also saw participation from Sony Innovation Fund, Venture Catalysts, and Aureolis led by Paula Mariwala.
Zyla said it will use the fresh funds to accelerate growth across its three key verticals of insurance, corporate and big pharma, as well as product integrations across the healthcare ecosystem for scale.
In July last year, the care management platform raised $1 million as part of its pre-series A round led by a shadow of angel investors. The company counts Kae Capital, Secocha Ventures, Canara Bank Ventures and Seeders among its institutional investors.
The company offers a platform to enable personalized care for chronic patients, supported by their internal care team. The platform integrates across the ecosystem through APIs for scale, whether it’s customer data lakes, diagnostic vendors or smart devices.
Over the last year, the company has added new clients, including Max Life Insurance, HDFC Ergo, Pfizer, Zydus, IBM, DHL, Godrej, GEP and others. Zylo claims it improves the health status of high-risk individuals to reduce claims from insurance companies, reduce insurance premiums for companies, and improve medication outcomes as well as adherence for pharmaceutical drug users.
“It’s a very exciting time at Zyla, we’ve witnessed 300% year-over-year growth and 100% retention of our key B2B accounts in the last year. With an amazing leadership team by our side and the new fuel for growth, we’re ready to really to revolutionize healthcare in India,” said Khushboo Aggarwal, founder and CEO of Zyla Health.
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Updated: 30 Nov 2023, 19:41 IST
(tagsTo Translate)Healthtech