# OneCare

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/onecare

- Industry: Healthcare IT
- Headquarters: Bangalore, India
- Website: www.onecare.co.in
- Total disclosed funding: $0.9M
- Latest round: Seed (Nov 2, 2021)
- Investors on record: 3

## About

OneCare is a healthcare technology company focused on delivering innovative solutions to enhance patient care. Their offerings streamline medical processes, improve accessibility, and facilitate communication between healthcare providers and patients.Founded in 2021 in Bangalore, India, OneCare specializes in healthcare technology solutions. The company has completed 2 deals, with its latest funding round being a SEED round of INR 64.170 mn from investors including Better Capital and Multiply Ventures, raising a total of INR 64.170 mn to date. The company is led by founders Rakesh Shivran and Sagar Bhat, with Rakesh Shivran serving as the CEO.OneCare offers a suite of innovative healthcare solutions designed to enhance patient care and streamline medical processes. The company's core products include a comprehensive electronic health record (EHR) system, telehealth services, and patient management software. These products aim to address critical challenges in healthcare delivery, such as improving accessibility, ensuring data accuracy, and facilitating communication between healthcare providers and patients. With a focus on supporting both healthcare professionals and end-users, OneCare serves a diverse clientele, including hospitals, clinics, and individual healthcare practitioners. The company’s products are primarily marketed in regions such as Southeast Asia and the Middle East, aiming to penetrate emerging markets where healthcare technology adoption is on the rise.In the most recent fiscal year, OneCare reported a revenue of INR 151,649.2 and an EBITDA of INR -689,629.6. The company generates revenue through a combination of subscription-based services and direct sales of its software solutions. Clients, including healthcare institutions and independent practitioners, engage with OneCare’s offerings through annual licensing agreements that provide access to the EHR system, telehealth platform, and patient management tools. These agreements often include tiered pricing structures based on the number of users or patient volume, allowing flexibility for different types of healthcare providers. Additionally, OneCare may establish partnerships with organizations seeking to integrate its technologies into their operations. The company’s flagship EHR product is a critical revenue driver, as it forms the backbone of its value proposition to healthcare clients looking to improve operational efficiency and patient outcomes.Following its acquisition by Acko Technology and Services Private Limited on July 24, 2024, OneCare is set to enhance its product offerings and expand its market reach. The company plans to develop new healthcare solutions that will be released in the coming years, aiming to address a broader range of health insurance needs. With the recent funding, OneCare aims to build a comprehensive healthcare ecosystem that encompasses protection, prevention, care, and recovery, targeting growth in the healthcare sector across India and other emerging markets.

## Funding rounds

- Seed, Nov 2, 2021, $0.9M — Better Capital, Multiply Ventures, QED Innovation Labs

## Investors

- Better Capital — Seed
- Multiply Ventures (https://capitalatlas.ai/funds/multiply-ventures) — Seed
- QED Innovation Labs — Seed