A statement released by the company said that venture capitalists Nitish Mittersain and Vikash Mittersain of Nazara Technologies Ltd., Narendra Firodia of Sohamm Group, holistic integrative medicine and lifestyle coach Luke Coutinho, Netgraph Investments LLC Dubai, Amit Jain (Rewired Ventures UK), Balesh Sharma (CEO, PPF Telecom), and Vishwanathan Iyer were among those involved in the transactions.

In its first year of operation, the company says it made $1 million in sales, expanded to 25 communities across 8 states, and impacted the lives of over 100,000 people. Based on the announcement, the company plans to use the raised capital to expand to over 150 new locations in 15 different states and 50 different cities by the end of FY23.

“The uniformity of service delivery, integration of reporting modules, and openness of pricing are three of the most important goals we’ve set for ourselves as we work to develop a national supply ecosystem for the healthcare industry. To achieve this goal, we plan to use the money to build new clinics and buy new pieces of equipment, making high-quality medical care more widely available at low prices “as Dr. Darshan Chandak, co-founder of Healthledger, put it.

“The potential for offering high-quality Diagnostics that could save lives in underserved areas of India is inspiring and transformative. Additionally, this changes the dynamics of the Indian healthcare system, propelling us forward “the late Nitish Mittersain stated.

By taking under its wing and empowering them with technology, business, personnel training, an integrated Lab Information Management System, and procurement, Healthledger claims to be reforming the unorganised diagnostics centres in India and thereby creating a level supply chain across the country for all healthcare providers and end customers. The company’s long-term goal is to become the largest network of standardised full-stack diagnostics, offering the same high quality and affordable rates in all cities from tier-1 to tier-6.

Healthledger’s primary goal is to make high-quality healthcare accessible to people in tier-2 and tier-3 cities across India, and the company claims to be collaborating with 23 insurance providers, health aggregators, TPAs, and more than 100 corporations. In order to become the dominant player in the preventative healthcare supply ecosystem, the firm claims it has already identified 5,000 facilities with the intention of scaling nationwide and plans to build 3,000 locations in India and its neighbouring countries by 2025.

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