PC: SocioTab
The sexual health oriented startup, Allo Health, has managed to close Rs 16 crore (roughly $1.83 million) in pre-Series A funding round. The round was led by Rainmatter, including new and existing investors, that represents an important step for the company to grow its operations and improve its service offerings.
Pranay Jivrajka founded Allo Health, which has built a hybrid ecosystem that has physical clinics, AI fueled treatment protocols and medical professionals trained in leading technology. This model is innovative and enables the company to offer all-rounded sexual health services according to the needs of the patients. In fact, Allo Health has helped treat more than 200,000 patients across India and has achieved 85% patient improvement rate.
Strategic Use of Funds
With the funds raised in this pre-Series A round, Strategically, the funds will be allocated to several key areas.
- Allo Health intends to double the amount of clinics to improve accessibility for patients. The company plans to grow its network of more than 35 clinics already established in the major cities like Bangalore, Mumbai, Pune, Hyderabad, Chennai, Mysore, and Ranchi.
- A small part of the funding will be spent in improving technology capabilities. It includes the development of AI based clinical decision support systems which can enhance the treatment protocols as well as patient engagement.
- Allo Health is dedicated to patient empowerment through innovative means to improve patient engagement through better communication and support towards people looking to gain sexual health services.
Previous Funding and Notable Investors
Before this funding round, Allo Health had raised 4.4 million seed dollars led by Nexus Venture Partners. Earlier investments attracted several founders and operators namely Binny Bansal (Flipkart), Deepinder Goyal (Zomato), Rohit MA (Cloudnine) and Sandeep Singhal (Nexus). The dearth of such notable investor backing nails home the confidence in the business model and growth of Allo Health.
The Growing Demand for Sexual Health Services
With sexual health issues becoming more known about and accepted, there is more of a necessity for whole sexual health services to be there to assist people. This increasing need means Allo Health is in a good position to fulfill it thanks to its special combination of technology and personalized care. In the coming years, the company is expected to grow on the basis of its commitment to promoting patient outcomes through innovative solutions.
Final Thoughts
In brief, the recent Allo Health funding round is a crucial step forward of the non-profit’s quest to overhaul sexual health services in India. Having a solid base, a definite future vision, and a well-thought-out plan on how to use the new funds received, the company is well placed to make a lasting change to the health care sector. While it continues to grow its services and increase patient engagement, Allo Health will likely become the leader in sexual health.
