# Welcare Health Systems Pvt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/welcare-health-systems-pvt

- Industry: Healthcare Specialists
- Headquarters: Chennai, India
- Website: www.welcaretelemed.com
- Total disclosed funding: $0.1M
- Latest round: Seed (Mar 11, 2014)
- Investors on record: 1

## About

Welcare Health Systems Pvt Ltd is dedicated to enhancing eye care services through innovative teleophthalmology solutions, targeting chronic health issues that lead to visual impairment.Welcare Health Systems Pvt Ltd specializes in teleophthalmology, providing critical eye care services to address visual impairment from chronic conditions. Founded by N Malathi, the company is headquartered in Chennai, India. In March 2014, Welcare raised INR 7.5 million in Seed funding from Capria Ventures, bringing its total amount raised to INR 7.5 million, with a current valuation of INR 23.83 million.Welcare Telemed specializes in teleophthalmology services aimed at preventing visual impairment and blindness resulting from chronic health conditions such as diabetes and hypertension. The company provides an innovative eye screening service that integrates with existing healthcare facilities, including diabetes centers, general hospitals, and pediatric clinics. Through this model, patient information, including retinal images, is collected and securely transmitted to certified ophthalmologists for diagnosis and recommendations. The core offering is a comprehensive eye examination that includes refraction and fundus screening conducted remotely, thereby addressing the significant gap in access to ophthalmologic care for nearly 80% of the global population. Welcare's services are particularly valuable in markets with limited access to eye care specialists, specifically targeting regions with high incidences of chronic diseases leading to visual impairment.Welcare Telemed generated revenue of INR 35,068.4 in 2023, with an EBITDA of INR -198.6. The company derives revenue from partnerships with healthcare facilities that utilize its teleophthalmology services, enhancing patient care through comprehensive eye examinations via their platform.Following the Seed funding round in March 2014, Welcare Health Systems Pvt Ltd plans to leverage this capital to expand its operations into new regions. The company is targeting additional markets to enhance its service offerings, focusing on areas with acute needs for specialized eye care. Future product innovations are in development, aimed at further integrating telehealth solutions with traditional healthcare systems.

## Funding rounds

- Seed, Mar 11, 2014, $0.1M — Capria Ventures

## Investors

- Capria Ventures (https://capitalatlas.ai/funds/capria-ventures) — Seed