Revolutionizing Diagnostic Care, Curelo Secures Funding from CIIE.CO to Expand its Presence
Curelo, a diagnostic care platform, has made headlines by raising $100,000 (Rs 0.83 crore) in a funding round from CIIE.CO, IIM Ahmedabad’s startup incubator.
The diagnostic care platform aims to expand its footprint in radiology and blood bank aggregators soon.
Curelo | Aggregator Platform for Diagnostic Labs
Founded by Arpit Jayswal in 2022, Curelo is an online aggregator platform for diagnostic labs in India that provides a time-bound, one-stop solution for home sample collection of all lab tests. Using the diagnostic care platform, patients can book lab tests from their preferred lab at their convenient time and place.
Powered by a fleet of phlebotomists, the startup collects samples within 60 minutes of booking and delivers them to the selected lab. Patients, using the platform, can also discover a lab based on test availability, pricing, and turnaround time.
Speaking about the development, Dr. Arpit Jayswal, Curelo’s Founder and CEO, highlighted his excitement to have CIIE.CO onboard and stated that their conviction reflects the immense potential in Curelo and the diagnostic aggregator sector.
Jayswal added,
“Our primary focus is scaling nationwide, optimizing user experience, and standardizing sample collection, aiming to serve 1000+ home samples daily by year-end. We are keen to have CIIE.CO support us in this journey with their exceptional sector understanding and network.”
Statement from the Investor
Commenting on the development, Mr. Vipul Patel, Partner – Seed Investments at CIIE.CO, stated that the fragmented diagnostic market, commanding an 85% market share, is composed of standalone and hospital-based labs, adding that the top four corporate diagnostics chains in India hold a mere 6% share.
Highlighting Arpit’s experience, Patel added,
“Arpit’s experience in running a chain of multi-specialty hospitals and diagnostic labs gives him deep insights into the customer pain points. We are excited to partner with the Curelo team and look forward to helping them scale their business.”
As per the startup, it has partnered with 1350 labs and processed around 125,000 orders. With a presence across 13+ cities, the startup claims to currently generate a monthly run rate of Rs 55 lakhs. This equates to a month-on-month growth of 30% in the last 10 months.
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