Women-focused wellness startup Newmi Care has raised $1.5 Mn (about INR 12.6 Cr) in a seed funding round led by Sprout Venture Partners 

Newmi Care, a startup with a mission to solve women’s healthcare problems by delivering full-scale healthcare solutions, has managed to attract $1.5 million (approximately INR 12.6 crores) This round was participated by Sprout Venture Partners, a family office, LetsVenture, Sarcha Advisors, Key Ventures Forum, and several other angels.

Image Source: Newmi Care  

Vision and Mission of Newmi Care

Women’s health is one of the most neglected fields in the entire healthcare sector as many women out there have barriers that limit them from receiving appropriate medical care that suits them. Hence, Newmi Care endeavors to close this gap by extending services that relate to feminine health in the broad areas of menstrual, sexual, and hormonal health, fertility and maternity services, menopause management, and reproductive organ cancers.

Newmi Care was launched in May 2022 by Sanchit and Aditi, and the company aims to revolutionize the healthcare market. The startup already provided services to over 60,000 women in 400 cities in India, which proves the need for such services. The founders of the service aim to make outpatient services more manageable for women and to make women’s health a priority.

Role of Technology

Technology continues to play a central role in the current business environment, and Newmi Care focuses on incorporating technology in the delivery of healthcare services. It has created an outpatient care platform and owns clinics that are designed to offer convenient access to medical services for women. In this way, Newmi Care uses technology to guarantee the appropriate diagnosis, individualized therapy, and ongoing follow-up for women in their medical treatment.

The recent funding will be particularly beneficial in advancing such technologies. Newmi Care intends to use the capital to open more women’s clinics in the North and the West regions of India to invest in technological solutions and new products, and hire more employees. This expansion will be beneficial to the startup because it will allow it to reach more women and offer them the quality service they deserve. 

Growth Potential of Newmi Care

Sprout Venture Partners and Sarcha Advisors’ investment points to its faith in Newmi Care’s business strategy and prospects. Newmi Care is a well-equipped company to take advantage of the increasing market for specialized services for women’s health due to its omnichannel model and differentiated products. The ability to offer online and offline solutions makes it possible for women to receive treatment and healthcare services irrespective of their location. 

Future Prospects

With the new funding on the table, Newmi Care is well-placed to advance its footprint in the women’s health space. The near-term development strategy of the startup involves the growth of clinic networks, the further development of R&D, and the improvement of a technology-driven presence. It should be noted that these measures will enhance not only the quality of the care delivered to women but also the availability of the proper services across India. 

Conclusion

Newmi Care also achieved the impressive milestone of raising $1.5 million in seed funding round. As the startup moves to the next phase of development and growth, it is positioned to be one of the leaders in the women’s health and wellness market. An emphasis on technology, partnerships, and the advancement and improvement of women’s healthcare makes Newmi Care capable of leaving a lasting mark on the industry.