Health Tech Company Mocero Health Raises Rs 1.3 Cr in Seed Round led by Inflection Point Ventures
Madhukar Bhardwaj, VP, Business Development & Investments at Inflection Point Ventures, says, “In the last 2 years, the health tech sector has seen an accelerated growth curve. Traditional healthcare infrastructure giants have also understood the need to be tech savvy to meet the growing healthcare demands.
Health Tech Company Mocero Health has raised Seed Round led by Inflection Point Ventures (IPV). Mocero Health is one of India’s fastest-growing health-tech platform that assists hospitals in going omnichannel and expanding their services beyond physical catchment areas. The funds raised will be used for product development and to widen its sales channel through which Mocero will build a digital health platform with seamless data and service interchange.
Started in 2017 by SPJIMR alumnus N. Palaniappan, a digital tech professional, with over 15 years of experience in Mobile banking & Digital Payments. Mocero Health is incubated at the Healthcare Technology Innovation Centre (HTIC), IIT Madras Research Park (IIT-MRP).
Madhukar Bhardwaj, VP, Business Development & Investments at Inflection Point Ventures, says, “In the last 2 years, the health tech sector has seen an accelerated growth curve. Traditional healthcare infrastructure giants have also understood the need to be tech savvy to meet the growing healthcare demands. However, the large Tier 2 & Tier 3 healthcare facilities still lag from the rest of the world in smart digital adoption. This need for transparency and better patient management is driving micro themes within the sector. Mocero is positioned rightly as the founding team understands the medical and the tech pieces to offer a relevant solution for an ever-expanding healthcare market in India.”
Palaniappan Narayanan, Co-Founder, and CEO, adds, “Hospital without walls” – Mocero has been conceived with the idea to create a digitally connected community rather than a circumscribed physical space. It involves creating a platform where the care providers, patients, and patients’ families are on the same platform exchanging health information and services. The healthcare sector has trailed behind in the digitalization wave and is several decades behind the general adoption of technology. Mocero aims to fill this gap through digital transformation in care delivery, engagement, and connected care, focusing on patient-centric and personalized care, telehealth, in-the-home care, omnichannel connectivity, transparency, and interoperability.
India’s tech adoption in healthcare has projected to grow at a CAGR of 39% from 2020 – 2023. However, it still lags dreadfully behind the rest of the world in adopting health technology in primary care, secondary care, and even many tertiary care facilities. By offering a carefully thought-out solution that is user-friendly, patient-focused, and intuitive, Mocero seeks to accelerate the adoption of IT in healthcare. It also facilitates the accomplishment of a critical need for NABH accreditation of healthcare facilities and providers of prescription digitization. Being a SAAS platform, it can be linked with the HMS system of large hospitals or used stand-alone in primary care/secondary care to monitor their patient workflow and associated services, with extensive hospital and patient data available during its growth journey. Moreover, Mocero has developed insights for medical research and symptoms for early diagnosis, which can also pave the way for future expansion.