Zoctr gets backed by Times Group
Mumbai, India | Red Newswire | Jan 16, 2016 Last Updated at 9:00 AM IST.
The Mumbai-based healthcare services aggregator Zoctr has raised funding from Times group. The ad-for-equity media investor backed the healthcare startup under its Brand Capital Incubator Funding Model. However, the amount remains undisclosed. The model aims at providing long-term funding for brand building and advertising.
Nidhi Saxena founded Zoctr in 2015. The startup allows the users to buy home-based wellness packages and other healthcare services. Its aim is to take care of the major health issues such as quality care, accessibility and lack of continuity. The startup currently operates in 5 cities – Delhi, Mumbai, Pune, Ahmedabad and Kolkata.
The company said it will use the funds in advertising and branding. It aims to cater to 500,000 Indians by coming 5 years. The company is also in talks for Series A funding for $10 million.
Director of Brand Capital, Shrenik M. Khasgiwala said, “ Zoctr is a unique and disruptive home healthcare aggregator concept with large untapped potential. I believe, with the right customer acquisition model and the media tools to support it, Zoctr can gain a lot of visibility in the market and help them to find the right place in the consumer’s life.”
Earlier Zoctr had raised $1million for Krishan Gupta and Sandeep Parwal. It now faces competition from Care24, Pathdoor, eKincare, Lybrate, Qikwell and HealthIndya.