OneCare, a Bangalore-based diabetes care startup, has raised ~$1 million in a pre-seed funding round led by Multiply Ventures and Better Capital.

The funding round also saw additional participation from a host of angel investors, including Shashank ND (Co-founder, Practo), Farooq Adam (Co-founder, Fynd), Kunal Shah (Founder, CRED),  Saikiran Krishnamurthy (Founder, xto10x), Shariq Plasticwala (Ex-Amazon Pay Head, and Founder of Kafqa Academy) Ankit Bhati (Co-founder, Ola), Zishaan Hayath (Founder, Toppr), and Anand Shah (Co-founder, Ola Electric).

As per the startup, the freshly raised funds will be used for product development along with clinic partnerships. OneCare also plans to strengthen its workforce across teams like tech, clinical solutions, marketing, and operations.

[Read: Technological And Growth Trends In The Healthtech Industry In India]

OneCare | Ensuring 10x Better Outcomes For Patients

Founded in 2021 by Dr Rakesh Shivran and Sagar Bhat, OneCare is a new-age healthcare provider network that is creating a tech-enabled healthcare ecosystem from the ground up to disrupt a $50Bn market.

The startup wants to completely change the way patients receive care for complex diseases and is leveraging AI and IoT technology, behavioural science, and clinical science to reimagine clinics that provide 10x better outcomes to patients with chronic diseases like diabetes.

Speaking on the development, Rakesh Shivran, Co-founder and CEO at OneCare, said,

“The Indian healthcare system, designed for acute conditions and infectious diseases, fails to provide much-needed comprehensive care suiting the needs of chronic disease patients. At most clinics, patients do not have options to get this comprehensive care and are stuck in the vicious cycle of over-reliance and increasing burden of only pharmaceutical interventions.”

The Bangalore-based diabetes care startup transforms an existing diabetes clinic into a technology-enabled, protocols-driven, smart clinic that provides comprehensive clinical, lifestyle, and behavioural interventions to patients instead of just focusing on giving medicines.

OneCare looks to solve chronic disease management as a whole, and diabetes management in particular, through a unique omnichannel approach that can have 10x better results than any solution available in India, said Raveen Sastry, Partner, Multiply Ventures.

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