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 specialising in cancer care. Through its network of world class oncologists, Onco.com provides accurate and personalised 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 utilise the funds to build its team, scale operations and expand customer outreach within India and internationally.
Commenting on the Series A funding, 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 the 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.”
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.
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 recognised 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.”