Oncology-focused managed healthcare platform Karkinos Healthcare has received an undisclosed amount of investment from Reliance Digital Health, a statement said on Sunday.
The start-up, personally backed by Ratan Tata and the Tata Group, has other large angel investors including Venu Srinivasan, Kris Gopalakrishnan, Ronnie Screwvala, Vijay Shekar Sharma and Bhavish Agarwal.
Rakuten Medical, the global clinical-stage biotechnology company based in San Diego, Calif., Also has a minority stake.
The Tata Group recently invested 110 crore rupees in this oncology-focused, managed healthcare platform, which helps in the early detection and diagnosis of common cancers. Using a distributed network of cancer care, it works with multiple institutions and healthcare professionals to bring cancer care closer to the patient’s home by decoupling the delivery of knowledge care systems.
The statement said Reliance Industries invested an undisclosed sum in Karkinos through Reliance Digital Health for a minority stake.
Commenting on the investment, Venkataramanan R, Managing Director of Karkinos Healthcare, said that this investment once again validates our pioneering model of distributed cancer care and the potential impact it can have in the country.
Although headquartered in Mumbai, it now operates only in Kerala, with services available in four locations across the state: Kothamangalam and Chottanikkara in Ernakulma District in Kerala. and Thodupuzha and Munnar from Idukki district, and plans to scale up operations across the country.
The company launched in July 2020 is also setting up a cancer center at the premises of the Jawaharlal Nehru Institute of Medical Sciences in Imphal, Manipur.
Karkinos means cancer elimination as “kark” in Hindi means cancer as “our” means elimination.
Its co-founders and key management team are mostly former members of the Tata group, such as R Venkataramanan, who was the former managing director of Tata Trusts, co-founder Ravi Kant, a former vice president and director. General of Tata Motors.
Other co-founders include Dr Shahvir Nooryezdan, dentist and founder of Equinox Medical Technologies; Sundar Raman Dr Moni Abraham K, Group Medical Director and CEO of Karkinos Kerala; Moni Abraham Kuriakose surgical oncologist, Manish Thakkar, who is the COO, is from Avanti Finance, a financial technology company founded by Ratan Tata and Mr. Nandan Nilekani; Sripriya Rao is another COO, Raja Sekhar Kommu is the CTO; Venkataramani Suresh is CBO and Manish Sharma who is also co-founder and CPO of the company.
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