Newmi Care Raises $1.5 Million in Seed Funding to Expand Women’s Healthcare Services
New Delhi: Newmi Care, a pioneering full stack outpatient care platform focused on women’s health and wellness, has secured $1.5 million in seed funding led by Sprout Venture Partners, a leading early-stage venture capital fund.
The funding round also saw participation from a prominent family office, LetsVenture, Sarcha Advisors, Key Ventures Forum, and several angel investors. This significant investment will enable Newmi Care to accelerate its plan to build women’s clinics in North and West India, enhance its technology and product innovation, and expand its team.
Since its inception in May 2022, Newmi Care has made remarkable progress, having serviced over 60,000 women across 400 cities in India, addressing a wide range of health concerns, including menstrual, sexual and hormonal health, fertility and maternity, menopause, and women’s reproductive organ cancers.
Founded by Aditi Singh and Sanchit Agarwal, Newmi Care has already established 10 operational clinics in the Delhi NCR region and has successfully launched women-centric OPD insurance products in partnership with leading insurers.
Sprout Venture Partners, which is currently investing out of its Fund II, has a strong track record of backing innovative companies, including Pixis, Ripplr, Fashor, Advantage Club, Goals101, and Fitso, among others.
With this funding, Newmi Care is poised to further enhance its mission to provide accessible, comprehensive, and quality women’s healthcare services, driving positive change in the healthcare ecosystem.
