Exclusive: Mykare Closes Round At $3.2 Mn To Expand Hospital Network

Healthtech startup Mykare has raised an additional $1 Mn (₹9.4 Cr) in a bridge round from US-based healthtech company Papa.com cofounders Andrew Parker and Alfredo Vaamonde, and a Middle-Eastern family office. With this, it has closed the undisclosed funding round at $3.2 Mn (₹30.2 Cr).

The startup plans to deploy the fresh funds to enhance its AI capabilities, accelerate product development and expand deeper into existing international markets.

Founded in 2022 by Senu Sam, Rahmatulla TM and Joash Philipose, Mykare connects patients with its network of hospitals, which offer affordable facilities compared to branded large chains. It claims to be building an extensive provider network and offers value-added services to make patient care more affordable and accessible. 

This comes three years after Mykare raised $2.2 Mn in a seed round from OnDeck ODX, Avaana Seed and others in 2023.

It is pertinent to note that India’s healthtech sector is maturing past the basic model-building phase, and is transitioning into agentic AI, workflow automation, and specialised diagnostic copilots. 

In line with this, Mykare is also building an AI-native healthcare operating system (OS) that helps clinics and hospitals grow by automating the entire patient journey, from patient acquisition and appointment booking to feedback and retention.

The startup claims that its AI agents can identify patient intent, answer calls through voice AI, book appointments, manage follow-ups, collect feedback, and automatically update CRM records.

“The startup’s AI agents are embedded in 30-35 larger healthcare facilities, while about 45 more clinics have signed up for implementation. We are aiming to touch 100 clinics soon,” cofounder Sam said in a conversation with Inc42.

Overall, Mykare’s network of hospitals and healthcare service providers spans the US, the UK, the Middle East and India. It claims to have a waiting list of more than 20 hospitals and healthcare providers.

Describing Mykare’s presence, Sam said, “In India, Mykare’s services are active in most metro cities like Delhi NCR, Mumbai, Bengaluru and Hyderabad. Apart from that, in the US, Mykare is tied up with a large oncology clinic chain and a large dental chain in the UK. Now we are talking with one of the largest dental chains in Qatar.”

The fundraise comes as India’s healthtech ecosystem is rapidly moving beyond conventional offerings, with startups pivoting towards AI-powered preventive healthcare, recovery and stress management. This has come on the back of surging consumer demand for integrated wellness platforms spanning diagnostics, coaching, nutrition and skincare.

Investor appetite for the segment has also grown notably in recent months. Just weeks ago, paediatric healthcare brand Hoola Health (erstwhile BabyMD) raised $5 Mn in a round led by Peak XV’s Surge. In May, wearable healthtech startup Gabit also bagged ₹36.2 Cr in a funding round from a clutch of angel investors.

At the heart of all this is the homegrown healthtech sector, which is projected to become a $37 Bn opportunity by 2030.

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