Newmi Care Secures $1.5 Million in Seed Funding to Expand Women’s Health Services

Gurugram-based health and wellness platform Newmi Care has raised $1.5 million (approx. Rs 12.6 crore) in a seed funding round led by Sprout Venture Partners. The round also saw participation from a leading family office, LetsVenture, Sarcha Advisors, Key Ventures Forum, and a group of angel investors.

Expanding Services and Innovation

With the new capital, Newmi Care aims to expand its footprint by establishing more women-centric clinics in northern and western India. It will also improve its technological infrastructure and focus on product innovation. The startup plans to grow its team to support further development.

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About Newmi Care

Founded in May 2022 by Aditi Mittal and Sanchit Agarwal, Newmi Care addresses many women’s health concerns, including menstrual, sexual, hormonal health, fertility, maternity, menopause, and cancers related to reproductive organs. The platform has served over 60,000 women across 400 cities and introduced unique services like women-centric OPD insurance products in collaboration with major insurers.

Market Growth and Investor Support

India’s women’s health market is seeing significant growth, and investors are keen to support platforms like Newmi Care. Sahil Gupta, a partner at Sprout Venture Partners, highlighted the potential for building a trusted brand in the women’s health lifecycle space and predicted a large market opportunity in the coming years.

Rohit Chanana, Partner at Sarcha Advisors, added, “We are proud to support Aditi and Sanchit in their mission to simplify women’s health care in India. This funding is just the beginning of their journey to make a lasting impact.”

With a focus on outpatient care and women’s health, Newmi Care is set to revolutionize the healthcare space for women in India.