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Larkai Healthcare Nets Seed Funding to Bridge Gap Between Diagnosis & Treatment

Written by : Arti Ghargi

January 3, 2024

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The funding will be crucial for Larkai Healthcare’s mission to revolutionise healthcare accessibility and efficiency with groundbreaking AI technology.

Larkai Healthcare, a global medtech firm focused on providing AI-backed healthcare solutions, has raised $500,000 investment in seed funding round. The latest capital infusion marks a key moment for the startup as it aims to pioneer the next generation of technology in healthcare and to fortify sales verticals through strategic investments.

The investment was led by leading VC firm FAAD Network. Other participants included Bengaluru-based QI Ventures, and RTAF. It also secured additional government grants.

The funding will be crucial for the startup's mission to revolutionise healthcare accessibility and efficiency with groundbreaking AI technology.

Commenting on the fundraise, Abhilash Chakraverty, cofounder and director, Larkai Healthcare, said that the investment will help them bridge the gap between diagnosis and treatment, leverage global footprint and robust intellectual assets.

“This fuels our vision for healthcare—transcending borders, transforming lives, and setting new benchmarks in accessibility and innovation,” Chakraverty added.

Founded in 2020 by Pritam Dhalla and Abhilash Chakraverty the Bhubaneshwar-based startup uses cutting-edge algorithms and AI to ensure accurate reports for detecting crucial ailments and enabling precision treatment. Larkai aims to deploy advanced AI in healthcare, making it accessible to anyone, anytime, and anywhere.

Dr Dinesh Singh, cofounder and director, FAAD Network expressed that the latest investment aligns with the firm’s mission to bring impactful change in the realm of technology ventures. "Investing in Larkai stands as a testament to our unwavering dedication to spearheading transformative tech innovation," he said.

FAAD Network is a leading early-stage startup investor that invests in early-stage startups across various sectors & geographies. So far, it has invested in over 75+ startups.

India has seen an accelerated pace in healthtech investing supported by the AI boom in the post-pandemic years. Several healthcare startups are turning to AI and machine learning for enhanced patient care. Although 2023 saw a significant decline in healthcare funding, some startups scored significant investment.

For example, Bengaluru-based Peptris Technologies, an AI-driven drug development startup, secured a substantial $1 million in Pre-Seed funding led by Speciale Invest.

Further, Monitra Health, a Hyderabad-based startup specialising in remote cardiac monitoring, secured $1.5 million in Pre-Series A funding.

Chhattisgarh-based mental health startup BetterSpace secured INR 4.5 million in its maiden Pre-Seed funding round, with PedalStart leading the investment charge.

Bengaluru-based, a healthtech startup focused on diabetes management, achieved a significant milestone by securing $11 million in a Series A funding round.


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