Tuesday, August 9, 2022

Indian personalised care platform Zyla Health bags $1M in pre-Series A funding

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Digital health firm Zyla Health has recently raised $1 million in a pre-Series A funding round led by venture capital company Seeders. 

The round also drew the participation of SuperMorpheus Investment Group, co-founders of Epigamia, Rahul Jain and Uday Thakker, PitchGround CEO Udit Goenka, and Kinderpass founder Sumedha Khoche, among others.

WHAT IT DOES

Founded in 2017, Zyla provides personalised care for various health concerns, including heart, kidney, and liver diseases, diabetes, and most recently, COVID-19. 

Its platform is embedded with its proprietary AI engine called Athena, which helps recommend personalised interventions to care teams. It also features a chatbot powered by advanced natural language processing that can decrypt and comprehend open-ended chat messages from users.

Available on both iOS and Android devices, Zyla offers its health management platform to insurers to help ensure cost savings, as well as to corporations and pharmaceutical companies to enable care at scale.

WHAT IT’S FOR

Over the past few quarters, Zyla has seen greater traction from insurers and corporations who have increasingly invested in the well-being of their members and employees. To ride on this opportunity, “Zyla will use the funds to strengthen leadership and invest in integrating Zyla’s care product across the [Indian health] ecosystem for growth,” said CEO and founder Khushboo Aggarwal.

MARKET SNAPSHOT

A number of digital health companies in India have attracted investments in the first half of 2022. In April, telehealth platform Truemeds snapped up $22 million in a Series B funding round, which will go to its expansion activities. 

Health and fitness company ​​GOQii recently secured $10 million from Animoca Brands, a Hong Kong-based game software and venture capital firm, to fund the development of its health metaverse.

In February, mental health startup heyy raised $555,000 in a pre-seed funding round. 

ON THE RECORD

“Personalised healthcare dynamics [have] undergone a dramatic transformation in recent times. Precision, real-time, convenience and foolproof healthcare management leveraging the best of new-age digital technologies is the need of the hour. Pioneering companies in this domain have immense potential and sky is the limit for such futuristic start-ups. Zyla has quickly made its mark in this landscape and with the accelerated growth pace it has picked, the times ahead appear exciting enough,” commented Abhishek Rungt, a partner at Seeders.



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