# ERC Eye Care Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/erc-eye-care-pvt

- Industry: Healthcare Specialists
- Headquarters: Jorhat, India
- Website: www.erceyecare.com
- Total disclosed funding: $0.2M
- Latest round: Series A (Dec 12, 2020)
- Investors on record: 4

## About

Based in Assam, India, ERC Eye Care Pvt. Ltd. specializes in offering accessible and affordable eye care solutions through innovative products and services tailored to meet diverse vision needs.ERC Eye Care Pvt. Ltd. is engaged in providing comprehensive eye care products and services. Founded in 2011 in Jorhat, India, by Parveez Ubed, the company has successfully raised INR 17.49 mn in its Series A funding round on December 12, 2020, from investors including Ankur Capital, Ennovent, and NEDFi Venture Capital. The total amount raised to date stands at INR 17.49 mn, with a current company valuation of INR 3938.165 mn.ERC Eye Care Pvt. Ltd. specializes in a wide range of eye care products and services, including eyeglasses, computer glasses, reading glasses, and kids' glasses. The company operates as a social enterprise, using technology to enhance healthcare access, particularly in vision correction. Key offerings include home eye tests by certified technicians, cataract surgeries, and free eye test camps, catering to customers from various demographics across urban and rural India.In the most recent fiscal year 2022, ERC Eye Care Pvt. Ltd. generated revenue of INR 899,447.8, while reporting an EBITDA of INR -137,065.6 for the same period.ERC Eye Care Pvt. Ltd. plans to leverage its recent Series A funding of INR 17.49 mn to accelerate its digital initiatives aimed at improving accessibility to its services. Future growth strategies include the launch of new eye care products and expansion into additional geographic markets across India. The company aims to enhance its presence in both urban and rural settings, thereby broadening its reach and impact in the eye care sector.

## Funding rounds

- Series A, Dec 12, 2020, $0.2M — Ennovent, Ankur Capital, NEDFi Venture Capital
- Angel, Dec 17, 2013 — Ennovent, Ankur Capital, Beyond Capital Fund

## Investors

- Ennovent (https://capitalatlas.ai/funds/ennovent) — Angel, Series A
- Ankur Capital (https://capitalatlas.ai/funds/ankur-capital) — Angel, Series A
- Beyond Capital Fund (https://capitalatlas.ai/funds/beyond-capital-fund) — Angel
- NEDFi Venture Capital (https://capitalatlas.ai/funds/nedfi-venture-capital) — Series A