Company Name : Zoctr
Funding Amount : Undisclosed
Investor(s) Times Group . .
Funding Round : Pre-Series A
Mumbai based Zoctr, a health aggregator platform has raised an undisclosed sum from the Times Group under its Brand Capital Incubator Funding Model that provides funding for long-term brand building and advertising needs of growth oriented companies against equity participation.
Zoctr aggregates Home Health, Telehealth & Remote Patient Monitoring Services targeted at Post Acute, Chronic & Terminal Patients including Cancer, Stroke, Cardiac, Kidney and Post Surgery Patients.
This is the third round of funding raised by the company in the last nine months. The company plans to use these funds mainly for print, medianet and radio ads for creating category awareness for Home Health as well as brand awareness for the Zoctr brand.
The company plans of creating a 18-city home health operation touching 45% of India’s population in the next few years riding on the back of deep medical domain expertise, robust operations and a fully integrated technology platform and mobile app.
Nidhi Saxena, Founder & CEO, Zoctr, said, “Zoctr’s aspiration is to touch 500,000+ Indians and be amongst the Top 5 most recognised Healthcare Brands in India in the next 5 years. The Times Group’s impeccable credibility, outreach and media mix coupled with the timing of the deal shall help Zoctr create a high impact launch and reach out to a Pan-India audience thereby enabling strong brand awareness and rapid adoption of home healthcare services by consumers.”
With a team of 100 employees, the company has operations in Mumbai, Delhi, Kolkata, Pune and Ahmedabad and is now gearing up for pan-India operations.
Zoctr is expecting to raise a Series A funding round of $10 million in the next six months.