Healthcare platform Raaz App raises $1 million in round led by Fireside Ventures

Healthcare platform Raaz App, which focuses on addressing male reproductive health points, has raised $1 million in a funding spherical led by early-stage enterprise fund Fireside Ventures.The spherical additionally noticed participation from Campus Fund which invests in startups run by college students, in addition to founders like Traya cofounder Altaf Saiyed and Higher Capital founder Vaibhav Domkundwar, amongst others.

The funds will probably be used to boost the platform and increase its companies and attain. Moreover, it’ll put money into scientific trials, growth of tech-enabled remedy protocols, and consciousness campaigns.

“In small cities, we noticed that the individuals fixing these issues had been typically quacks. Folks merely weren’t going to docs for these points…And after we regarded deeper into it, we realized that individuals averted docs or pharmacies as a result of these professionals had been from their very own neighborhood. Not like in metro cities like Delhi or Bangalore, individuals in smaller cities know one another,” cofounder and chief government Akash Kumar instructed ET whereas highlighting that the platform is targeted on making certain confidentiality.

The Bengaluru-based startup presents personalised, evidence-based remedy plans for situations corresponding to erectile dysfunction and untimely ejaculation. The complete stack platform supplies doctor-led teleconsultations, medicines, diagnostics, counseling, and life-style steering.

In keeping with Kumar, every affected person is assigned a physician and a private well being concierge who screens their progress. The platform primarily serves tier II and tier III cities, with a deal with offering remedy in native languages.

“We’re additionally constructing a knowledge engine that comprises anonymised case histories of many sufferers, analysing which interventions had been only in every case. We’re additionally inspecting the completely different variables in every case and figuring out the life-style habits which are carefully correlated with a few of these points,” he added. The platform goals to onboard 50,000 customers by subsequent yr and can companion with diagnostics suppliers to develop new remedy protocols. Going forward, it’ll discover the fertility sector whereas additionally increasing into new areas, stated Kumar.

Commenting on the funding, Ankur Khaitan, principal at Fireplace Ventures stated, “Raaz is tackling probably the most underserved but essential facets of healthcare in India—reproductive well being.”

“Their recent perspective and deep empathy for Bharat’s wants, mixed with their tech-first strategy, exemplifies the transformative affect that scholar entrepreneurs can create in fixing vital healthcare challenges,” stated Richa Bajpai, Campus Fund.