Healthtech startup Cancer Clinics has raised a pre-Series A funding of $1.5 mn led by Axilor Ventures. NATCO Pharma Limited, Hyderabad-based pharma and infrastructure entrepreneurs, leaders of Bharti group, senior partners from McKinsey, and ISB alumni also participated in the round.
Cancer Clinics is a unit of CIPHER Oncology Private Limited. It operates a distributed network of day-care cancer treatment centres. Cancer care in emerging economies is ripe for disruption. There is an increasing demand for patient-centric solutions customised for individual needs. According to a recent study, India, with a population of 1.35 bn, witnessed as many as 1.16 mn new cancer cases and 784,800 cancer deaths in 2018.
The mission of the company is to substantially improve the access to and affordability of holistic cancer care to make a big dent in India’s growing share of cancer cases. It combines digital access, distributed delivery, and partnerships with asset owners to create a comprehensive cancer care provider.