KVIF invests $1.5M in Women-Focused Healthcare Startup, Newmi Care

By: WE Staff | Monday, 16 September 2024

The Key Venture Investor Forum (KVIF) has invested $1.5M in Newmi Care, a women-focused healthcare startup focusing on maternal health, wellness, and preventive care. The $1.5M round was led by Sprout Venture Partners and included participation from family offices, LetsVenture, Sarcha Advisors, and marquee angels. Newmi Care's offerings include personalized care programs and tech-enabled healthcare solutions. KVIF has invested in women's health solutions, marking its third investment, following FlexiyMe and Knorish, indicating a growing interest in maternal health, wellness, and preventive care.

Newmi Care, an outpatient care platform for women, has served over 60,000 women across 400 cities in India since May 2022. The company offers OPD care clinics, insurance products, and a digital marketplace covering menstrual, sexual, hormonal, fertility, maternity, menopause, and reproductive organ cancers, with 10 operational clinics in Delhi/NCR. This capital infusion will fund expansion, talent acquisition, and tech development in North and West India.

Sanchit and Aditi, Founders, Newmi Care mentioned, "We are on a mission to simplify outpatient care for women in India and bring women's health to the forefront. This capital infusion is a step to move closer to our path to solve for women's health at scale in India."

Nidhi Saraf, CEO & Co-Founder, Key Venture mentioned, "Newmi's model of payor and provider ensures a patient is provided with solutions customized to one's needs across the value chain thereby increasing value for both patients and the healthcare service providers. This unique proposition coupled with the founding team's expertise in strategy and building consumer brands sets the company for profitable hypergrowth."