Janani.life, the country’s first and only digital tech-enabled fertility care platform, recently raised INR 8crores 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 utilize the funding to build its technology stack and initiate full-fledged operations in three metro cities in the country.
Despite just starting out, Janani has been able to attract big names of investors in such a short span of time, thanks to their revolutionary offerings. Founded in June 2020 by Nilay Mehrotra, and Dr. SS Vasan, Janani aims to make the process of infertility treatment and assisted fertilization free of gender biases, and hence more accessible and affordable for the masses. Leveraging technology to transform the fertility management industry, Janani aims to establish itself as a leading end-to-end digital fertility care service provider. The start-up distinguishes itself by providing a first of its kind science-backed, phase-wise answer to the problem of infertility, assisting patients right from conception planning till the end of the pregnancy. All their services including sample collection and diagnostic tests can be accessed from the comfort of the patients’ homes.
Janani has to its credit a strong founding team; Dr. SS Vasan, Ex- Founding Chairman Manipal Fertility Group, and President of South Asian Society of Sexual medicine brings in unparalleled expertise and years of experience on the table, and Co-founder, Nilay Mehrotra, Ex- Founder VC funded CharIoT and SenRa, who was awarded Top 50 CEO by world innovation congress 2018.
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 USD, with India having more than 30% 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.”
Source: Business World