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Click2Clinic Healthcare will expand its home care services to 20 more cities in 2018 by investing ₹3 crore. The firm, which is offering its services in five cities under the Home Heal brand, will raise a seed fund of ₹3 crore to fund the second phase of the expansion.
The firm is planning to go for Series-A funding early 2019 for the third phase of expansion.
“We have achieved a turnover of ₹2.6 crore in 2017. After adding 20 more cities this year, we will touch the ₹10-crore topline mark,” Murali Bharadwaz, C-Founder and Chief Executive Officer of Home Heal, said.
Addressing a press conference here on Wednesday, he pegged the addressable home care market in India at $1.5 billion in the country, with about 5 crore people in urban areas requiring help to take care of their daily activities.
To hire more
The firm charges ₹20,000 a month for offering the round-the-clock services for the needy. The firm, which has 80 employees, would add 320 by the year-end to support the additional 20 cities that are going to be added.
The app-based services, available on Android and iOS, are being offered in Hyderabad, Bengaluru, Lucknow, Kolkata and Delhi.
“We will soon introduce our patient-doctor services in Mumbai, Pune, Chennai and Ahmedabad shortly,” Sujeeth R Punnam, Founder and Chairman of Click2Clinic, said.
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