Oncare, an innovative cancer care startup, has raised $1 million in seed funding, with Huddle Ventures leading the round. The funding round also saw participation from notable institutional investors, including TRTL Ventures, Cloud Capital, and DeVC.
The fresh capital will be utilized to launch 10 new cancer care centers across Delhi NCR, Bangalore, and Jaipur over the next two years. These centers are part of Oncare’s mission to offer affordable and accessible cancer treatment. A portion of the funding will also be directed toward expanding the company’s workforce and bolstering its brand visibility in the healthcare sector.
Founded in 2023 by Deepak Kumar and Amar Sneh, Oncare is transforming cancer treatment by integrating oncology units into smaller hospitals, specifically those with 50 to 100 beds. This strategic move allows Oncare to reduce treatment costs by 40%, making cancer care more affordable for a broader population.
Oncare’s model offers a cost-effective alternative to expensive cancer treatments in corporate hospitals, where bills can soar beyond Rs 10 lakh. In addition to affordable treatments, the startup also provides on-call nursing support to cancer patients, helping them manage side effects and anxiety without frequent hospital visits.
With this fresh injection of funds, Oncare is poised to expand its footprint and continue delivering high-quality, affordable cancer care to those who need it most.