Ennovent, which invests in social enterprises in low-income markets, has closed an investment round in Rajasthan-based healthcare provider Karma Healthcare. This is the ninth investment facilitated by the Ennovent Circle since it launched in India three years ago.

Karma Healthcare is a technology-based rural healthcare provider that provides face-to-face doctor consultations and medicines to patients. The Udaipur-headquartered firm started operations in January 2014. It operates four rural health centres in Rajasthan that has served over 6000 patients so far. The funds raised will be used in investing in technology/ IT and in streamlining medical and operational processes in the next 24 months. Karma Healthcare had earlier raised money from Ankur Capital, which enables start-up companies in agriculture, health and education.

Jagdeep Gambhir, Co-founder and CEO, Karma Healthcare said “Karma Healthcare is delighted to have Ennovent Impact Investment Holding join as partners with us on this journey.” “At Karma we strive to improve the availability and quality of healthcare services in rural areas and provide formal healthcare facilities to the doorsteps of the last-mile. We will also be using this investment to develop and build an entity that will enable us to achieve scale,” he added.

According to a recent report by PwC, companies will require a mobile health strategy as our societies become more integrated with mobile technology. Karma is on the forefront of utilizing this strategy and technology in India.

Joel Rodrigues, Manager – Ennovent Circle said, “The problem of expensive medical facilities and inaccurate diagnosis in rural areas can be solved by using information and communications technology. By disrupting how healthcare is accessed in rural areas, Karma Healthcare will be able to impact millions of lives through this investment.”

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