PhableCare, a Bengaluru-based chronic disease management startup, raised ₹187 crore ($25 million) in a Series B funding round led by Kalaari Capital to enhance its digital healthcare ecosystem and expand its market reach in India.

Information on the Target

Bengaluru-based PhableCare, founded in 2018 by Sumit Sinha and Mukesh Bansal, is a healthtech startup specializing in chronic disease management. The platform leverages an app-based solution, facilitating remote consultations and providing crucial insights to bridge the gap between healthcare providers and patients. By creating a comprehensive ecosystem that encompasses care providers, hospitals, medical device manufacturers, and insurance partners, PhableCare aims to deliver digital healthcare solutions to millions across India.

Industry Overview in India

India's healthcare sector is rapidly evolving, particularly within the chronic care management niche, which has emerged as a pressing challenge due to the rising prevalence of chronic diseases. The increasing burden of conditions such as diabetes, hypertension, and heart disease necessitates a focused approach to healthcare management, leading to a demand for sophisticated digital solutions. With healthcare expenditures on the rise, efficient management of chronic diseases has become imperative for both patients and the healthcare system.

The integration of technology into healthcare has been pivotal. The adoption of telemedicine and mobile health applications is transforming how patients access care and engage with health