Newmi Care, a pioneering full-stack outpatient care platform focusing on women’s health and wellness, has announced that it has raised $1.5 million in a seed funding round led by Sprout Venture Partners. The investment will enable the company to expand its network of women’s clinics in North and West India, enhance its technology and product innovation, and grow its team.
The funding round also saw participation from a leading family office, LetsVenture, Sarcha Advisors, Key Ventures Forum, and a few angel investors. Since its inception in May 2022, Newmi Care has serviced over 60,000 women across 400 cities in India, addressing a wide range of health concerns, including menstrual, sexual, and hormonal health, fertility and maternity, menopause, and women’s reproductive organ cancers.
Founded by Aditi Singh and Sanchit Agarwal, Newmi Care has already made a significant impact in the healthcare sector, boasting 10 operational clinics in Delhi NCR. The company has also launched women-centric OPD insurance products in partnership with leading insurers.
The investment by Sprout Venture Partners, which is currently investing out of its second fund, comes as no surprise given the growing demand for innovative healthcare solutions. “We are thrilled to partner with Newmi Care, a pioneering platform that is revolutionizing women’s healthcare in India,” said a spokesperson for Sprout Venture Partners. “Their commitment to providing accessible and quality healthcare services to women across the country is truly commendable.”
Newmi Care’s success is a testament to the growing need for women’s health and wellness services in India. With this funding, the company is poised to take its services to the next level, expanding its reach and making high-quality healthcare more accessible to women across the country.
Key Highlights:
- Newmi Care raises $1.5 million in seed funding led by Sprout Venture Partners
- Company aims to expand its women’s clinics in North and West India
- Partnering with leading family office, LetsVenture, Sarcha Advisors, Key Ventures Forum, and angel investors
- Founded by Aditi Singh and Sanchit Agarwal, with 10 operational clinics in Delhi NCR and over 60,000 women serviced since inception
- Newmi Care has launched women-centric OPD insurance products in partnership with leading insurers.