The startup will utilise the funding to build its technology stack and initiate full-fledged operations in three metro cities in the country
Janani.life, the digital tech-enabled fertility care platform, recently raised Rs 8 crores in a round of funding led by major institutional investors. Prominent institutional investors such as Venture Catalysts, Apollo Hospitals, Inflection Point Ventures, and Lets Venture participated in the seed and angel rounds, along with existing investors including 9unicorn and AL. The startup will utilise the funding to build its technology stack and initiate full-fledged operations in three metro cities in the country.
Speaking on the investment, Nilay Mehrotra, Co-Founder, Janani, commented, “We are delighted to secure the support of high-profile investors at the early stage of our startup. We will leverage the funding to strengthen our tech infrastructure and extend our operations to three metro cities. The capital support has come a shot in the arm for us and will help us take a firm step forward in the direction of becoming India’s largest fertility virtual tech clinic that offers all fertility services at the patient’s doorstep. The confidence shown by the investors in us comes as a pat in the back and we will strive to raise the bar even higher.”
Apoorv Ranjan Sharma, Co-founder, Venture Catalysts added, “Janani’s founders have drawn on their industry experience to identify some major need-gaps in India’s fertility management landscape. The global infertility market is valued at around $36 billion, with India having more than 30 per cent of the market cap as of now. Combined with the expertise of its founding team, an innovative IP and the first-mover advantage, the startup is perfectly positioned to disrupt the country’s fertility market for the better. Janani’s innovative approach gives us the confidence that it will lead the way in revolutionizing the fight against infertility. We are committed to supporting its growth and wish them continued success.”
Mitesh Shah, Co-founder, Inflection Point Ventures said, “We are excited to support Janani as it sets off to redefine fertility care in India. Given the expertise of its founding team and its unique offerings, we believe that Janani has greater heights to soar.”