Login

Tech-enabled pioneering fertility platform India IVF raises $1.25 million

| Posted on |

  • Funding Achievement: India IVF, a pioneering tech-enabled fertility platform co-founded by Dr. Richika Sahay and Dr. Somendra Shukla in 2014, has secured $1.25 million in pre-Series A funding from Tomorrow Capital, marking its first external capital since inception.

  • Expanding Fertility Care: The funding will facilitate the company’s expansion across North India, aiming to improve access to fertility care for underserved communities amid a national infertility treatment gap.

  • Technology-Driven Approach: India IVF leverages advanced technology to provide comprehensive fertility care, with a goal to make quality services more accessible and affordable for all, particularly to the approximately 30 million couples in India facing infertility.

  • Investor Confidence: Tomorrow Capital, with a focus on early-stage consumer healthcare businesses, expressed confidence in India IVF’s growth and innovative approach, highlighting the company’s commitment to addressing the emotional and stigma-related aspects of fertility treatment.

  • Leadership Vision: Co-founders emphasized their mission to expand their network and impact more families, positioning India IVF as a trusted national brand in the fertility sector.

India IVF, one of India’s first tech-enabled pioneering fertility platform founded by Dr. Richika Sahay and Dr. Somendra Shukla in 2014, has raised $1.25 million in pre-Series A funding from Tomorrow Capital.

Tomorrow Capital is a $100 million venture capital fund dedicated to supporting early-stage, transformative consumer healthcare businesses.

First funding since inception

This is India IVF’s first external funding since its inception, following a decade of profitable operations across its five North Indian centers, which include clinics in Delhi NCR and Srinagar.

The funding will drive India IVF’s expansion across North India, enabling the company to bridge critical gaps in fertility care access.

With the goal of making advanced fertility solutions accessible to underserved communities, India IVF has established India’s first tech-enabled fertility platform, offering comprehensive, 360-degree fertility care through advanced technology and a dedicated team of experts.

Leadership comments

Dr. Somendra Shukla, Co-Founder & CEO of India IVF, commented, “This partnership will empower us to expand our network and bring advanced fertility solutions to more communities. We look forward to making a positive impact on more families and growing India IVF into a trusted national brand.”

Dr. Richika Sahay, Co-Founder & Medical Director, added, “Approximately 30 million couples in India suffer from infertility, yet only 10% receive proper treatment due to limited access to fertility care. Our mission is to leverage technology and innovation to deliver quality, affordable, and empathetic fertility care to everyone. With Tomorrow Capital’s support, we are well-positioned to expand access to fertility care across North India.”

Investor comments

Rahul Saha, Senior Principal at Tomorrow Capital said, “India IVF has shown remarkable growth and a deep understanding of the unique fertility challenges faced by many Indian couples. With a tech-enabled, patient-focused approach, they deliver high-quality personalized care, addressing the often-emotional & stigma attached journey of fertility treatment.”

“Tomorrow Capital backs ventures that drive meaningful impact, and with India IVF, we’re proud to enable access to essential fertility care across underserved regions in India. We believe their innovative approach will set new standards in India’s fertility sector, and we are excited to support their mission to make fertility care more accessible across the country,” Saha added.


Here’s the information extracted from the provided content regarding the funds, investors, startup, founders, and fundraising series:

Startup

  • Name: India IVF
  • Founded: 2014
  • Type: Tech-enabled fertility platform
  • Focus: Providing comprehensive fertility care using advanced technology

Founders

  • Dr. Richika Sahay – Co-Founder & Medical Director
  • Dr. Somendra Shukla – Co-Founder & CEO

Funding

  • Amount Raised: $1.25 million
  • Funding Series: Pre-Series A
  • Date: First external funding since inception

Investor

  • Name: Tomorrow Capital
  • Fund Size: $100 million
  • Investment Focus: Early-stage, transformative consumer healthcare businesses

Leadership Comments

  • Dr. Somendra Shukla (Co-Founder & CEO) – Discussed plans for expansion and impact on families.
  • Dr. Richika Sahay (Co-Founder & Medical Director) – Emphasized the mission to increase fertility care accessibility and the challenges facing couples in India.

Investor Comments

  • Rahul Saha (Senior Principal at Tomorrow Capital) – Commented on India IVF’s growth and commitment to addressing fertility challenges in India.

Summary

India IVF has raised $1.25 million in pre-Series A funding from Tomorrow Capital, marking its first external funding after a decade of operations. The founding team aims to improve access to fertility care in North India through technology and innovative solutions.

Source link

Terms          Privacy Policy