Bengaluru, September 26, 2019: Onco.com, India’s only internet aggregator for cancer care, announced completion of $7 million in series A funding by Accel, Chiratae Venture (earlier known as IDG Ventures) and Dream Incubator.
Onco.com is an internet aggregator in healthcare
specializing in cancer care. Through
its network of world class oncologists, Onco.com provides accurate and personalized
scientific advice to cancer patients at every stage of their journey. It manages
their care end-to-end by connecting them with the relevant treatment centres,
doctors and labs and provides solutions to their questions and concerns throughout
their treatment journey. Onco.com envisions becoming a one stop platform for
all cancer related needs for the patients and their family members.
The company aims to expand its customer base and scale up the
operations globally. Currently over 30,000 patients from 18 countries actively
use the platform. Onco.com will utilize the funds to build team, scale
operations and expand customer outreach within India and internationally.
Commenting on the Series
A funding, Ms. Rashie Jain, CEO and Co-founder,
Onco.com, said, “We are solving a very critical problem, that of “information
gap” that every cancer patient and their family experiences. There are 3 million cancer patients getting treated in India alone and
around 7 million cancer patients across Middle-east, Africa and Asia where our
services are available presently. A significant number of patients struggle to get
the right treatment advice or find the right doctors/hospitals that could
eventually affect their outcomes and presently there is no credible source of
information that guides the patients to right treatment plan, doctors and
hospitals and this creates a state of confusion and despair. With Onco.com, we
are focused on building this cancer ecosystem that patients can tap into
anytime in their treatment journey. “
Dr. Amit Jotwani, Co-founder of
Onco.com and Chief of Medical Affairs says, “Every
year around 1.5 million new cases of cancer are reported in India and as more
and more advancements come in the field of cancer, it will become critical for
patients to be empowered with more personalized treatment guidance so that they
can embark on this journey with confidence. With our platform we aim to enable the patients with the
best treatment options and critical medical advisory through our
multidisciplinary approach and network of cancer type specific expert
oncologists and hospitals to ensure that every patient has the best chance at
recovery.”
Mr. Barath Shankar Subramanian, Partner,
Accel India said, “It
has been an incredibly fulfilling journey to see Onco.com grow from a concept
to a clinically recognized technology cancer care platform that offers full
stack support to cancer patients and caregivers in India and emerging markets.
Given the hugely increasing cancer disease burden and severely skewed
oncologists-to-patient ratio in the country, we believe that there is
tremendous work to be done in cancer care delivery. It is clear to us that the
best way for effective healthcare to progress is by building awareness,
collaborations and communities on a patient-centric and network aggregated
business model, which onco.com does holistically.”
Mr. Ranjith Menon, Executive Director, Chiratae
Ventures said
"Cancer is a global challenge. India alone adds more than a million
patients every year. We are excited to see Onco.com developing into a vertical
platform that brings all the various stakeholders like patients, clinicians,
care providers, and diagnostics."
Mr. Munehiko Eto, MD of Dream Incubator India said, “It is my great pleasure to support Onco’s mission which tries to
provider better cancer treatment in India and other emerging economies by
empowering patients and their families as well as solving information
asymmetry. I strongly feel that Onco.com is not only a technology company but a
healthcare company. Its team extends warm hospitality and possesses positive
attitude while taking on a big responsibility as a heath-tech start-up. DI has
extensive expertise and network in the healthcare space in Japan and SEA
and will support Onco.com in international expansion. In India, we have made
20+ investments in the space of Health, Finance, Media & Entertainment and
other areas. This is our 5th investment in health space in India.”
The company currently has a network of over 1500 oncologists from
India and United States of America; 500+ treatment centers (including specialty
hospitals and chemo infusion centers) across India and pan-India network of
diagnostic labs with cutting edge technology. Onco.com handles around 10,000 unique cancer
cases month on month across different geographies. Onco.com also offers complimentary
treatment advice to children under 14 years. Until now, the company has assisted
over 100 children with cancer.