Indian Cricket Player Shreyas Iyer Invests In HealthTech Startup Curelo

Shreyas Iyer Invests in Curelo

Three points you will get to know in this article:

  • Shreyas Iyer invests in healthtech platform Curelo.
  • Funding round totals INR 10 Crores with key investors.
  • Curelo plans expansion, revenue surges 25-fold.

About Curelo

Curelo is a healthtech startup that provides telemedicine solutions to improve access to healthcare for underserved communities. It offers virtual consultation, remote monitoring, and medication delivery services to help patients manage chronic conditions from the comfort of their own homes. Curelo also integrates with electronic health record systems to streamline clinical workflows and enable more efficient care delivery. The company was founded in 2016 and has since raised $1.5 million in funding.

Investment Details and Key Investors

Shreyas Iyer, the renowned Indian cricketer, recently made a significant investment in the healthtech platform Curelo. Although the exact amount remains undisclosed, his contribution forms a part of the startup’s recent funding round, which totaled INR 10 Crores. Other notable investors in this round include IIMA Ventures, a startup incubator associated with IIM Ahmedabad, as well as various family offices from the United States and Tarun Katial, a co-founder of Zee5.

The infusion of funds marks an exciting phase for Curelo, as they plan to utilize the fresh capital to expand their reach, streamline operations in unorganized laboratories, and fuel further growth. This investment underscores Iyer’s confidence in Curelo’s mission and its potential to make a meaningful impact in the health technology sector.

Established in the year 2022 by Arpit Jayswal, Curelo stands out as a pioneering healthtech platform. It serves as a hub for diagnostic labs nationwide, providing a convenient solution for individuals seeking home sample collection for lab tests, all under one roof.

Expressing his enthusiasm for his investment, Iyer remarked, “I am delighted to join Curelo on its journey… Their approach to diagnostics and healthcare is both innovative and customer-centric, and I’m eager to play a role in its expansion.”

Founder's Excitement and Collaboration with Shreyas Iyer

Recently, Jayswal, the founder, and CEO of Curelo, expressed his excitement about Shreyas Iyer joining as an investor in our platform. We’re thrilled to have him on board, as his confidence in Curelo brings significant value to our journey of reshaping the diagnostic market. This collaboration not only strengthens our brand’s credibility but also propels our growth, highlighting our dedication to meeting the evolving needs of our users.

Revenue Surge and Expansion Goals

Before this recent funding round, our startup, based in Delhi NCR, had secured $100K from IIMA Ventures back in October of last year.

Curelo proudly announces a remarkable surge in revenue, surpassing 25 times its previous year’s earnings. Looking forward, the company aims to expand its reach even further, targeting a 300% increase in the number of patients served by 2025.

Indian Cricketers' Startup Ventures

Joining the league of Indian cricketers venturing into the startup realm, Iyer recently made an investment. This move places him among the likes of Hardik Pandya, who threw his support behind kids’ footwear brand Arreto and D2C food startup Yu in the preceding year, and Mahendra Singh Dhoni, who chose to invest in creatortech startup Rigi and fitness startup Tagda Raho back in 2023.

Adding to this trend, Shikhar Dhawan contributed an undisclosed sum to support D2C snack brand TagZ Foods last year. Recently, cricket commentator Harsha Bhogle also jumped on the investment bandwagon, injecting funds into online cricket gaming startup Hitwicket.

Healthtech Sector Funding Scenario

At a moment when funding has become scarce in the healthtech realm, a recent fundraising effort has emerged. Last year witnessed a significant plummet in capital for Indian healthtech startups, with funds dropping by a staggering 83% from $1.4 billion in 2022 to $233 million in 2023.

Nevertheless, there’s a glimmer of hope as investments persist in trickling into this sector. Just this January, CureBay secured INR 62 crore in its Series A1 funding round, championed by Elevar Equity. Following suit, in February, Aarogya Tech, a budding healthtech startup, successfully raised $1.8 million in a seed round led by none other than Hasu P Shah, owner of the Hersha Group.

The recent investment by Indian cricketer Shreyas Iyer in Curelo’s healthtech platform, as part of a funding round totaling INR 10 Crores, signifies a significant growth phase for the startup. The utilization of these funds to expand operations and streamline unorganized laboratories reflects confidence in Curelo’s mission. Additionally, the surge in revenue and ambitious expansion goals further underscore the platform’s momentum. Furthermore, the trend of Indian cricketers entering the startup realm and the sustained investments in the healthtech sector signal a promising outlook for entrepreneurial ventures and technological advancements in the healthcare industry.

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