Women health platform Newmi Care raised $1.5 Mn in Seed round
Newmi Care, a women-centric health and wellness platform, has raised $1.5 million in seed capital (about Rs 12.6 crore). Sprout Venture Partners led the round, including participation from a notable family office, LetsVenture, Sarcha Advisors, Key Ventures Forum, and a group of angel investors.
Aditi Mittal and Sanchit Agarwal founded Newmi Care in May 2022 to cover a variety of women’s health concerns, including menstrual, sexual, and hormonal health, as well as fertility, motherhood, menopause, and reproductive malignancies.
With this new funding, Newmi Care plans to extend its network of women’s clinics throughout northern and western India, as well as improve its outpatient services. To accelerate its growth, the Gurugram-based firm intends to prioritize technology upgrades, product innovation, and team expansion.
Aditi Mittal, Co-Founder, of NewMi Care in an exclusive interaction with ObserveNow media exclaimed, “Our vision for Newmi is to empower every woman with personalized, accessible health care. We aim to redefine health by focusing on women’s unique needs at every stage of life”.
The firm has helped more than 60,000 women in 400 cities across the country till date. In collaboration with top insurers, Newmi Care has also introduced innovative products, such as women-focused outpatient department (OPD) insurance.
The company currently operates ten clinics in the Delhi/NCR region and plans to dramatically increase its footprint in the near future.
“We are on a mission to simplify outpatient care for women in India and bring women’s health to the forefront. This capital infusion is a step to move closer to our path to solve for women’s health at scale in India,” the founders said in a joint statement to the media.
Sahil Gupta, Partner at Sprout Venture Partners, highlighted the growing market opportunity for women’s health services in India. “We see a clear opportunity in building a trusted brand in the women’s health lifecycle space. We have seen this play out in some of the other healthcare categories. This will be a large market in future with the growing awareness of health lifecycle amongst the next generation of women,” said Sahil Gupta to the media.
Rohit Chanana, Partner at Sarcha Advisors, also expressed confidence in the founders. “We are proud to back Sanchit and Aditi for building for a wonderful cause. My best wishes to the team in providing positive outcomes to all stakeholders.