Exclusive: Virohan to kick off Series B round led by Mynavi Corporation

Healthcare edtech startup Virohan is set to raise Rs 39.27 crore (approximately $4.5 million) in its Series B round led by Japan-based Mynavi Corporation, with the participation of existing backers Blume Ventures, Bharat Inclusive Technologies and others.

The latest funding follows its $3 million pre-Series B round in May 2025, led by Blume, Bharat Inclusive Technologies and Rebright Partners, which Entrackr had exclusively reported.

The Virohan’s board passed a special resolution to approve the issue of 2,726 Series B CCPS at an issue price of Rs 1,44,072 each to raise the above-mentioned amount, as per its regulatory filing with the RoC.

Japan-based Mynavi Corporation will lead this tranche with an investment of Rs 22 crore ($2.5 million), followed by existing investors Blume Ventures and Bharat Inclusive Technologies, which will contribute Rs 12 crore and Rs 1.8 crore, respectively. The remaining amount will come from Rebright Partners, Bhilai Iron Foundry, Shantanu Jain and Deepa Bagla Financial Consultants.

The company has received Rs 12.75 crore from Blume Ventures and Deepa Bagla Financial Consultants, while the remaining funds are expected to come in shortly.

As per Entrackr’s estimates, the Gurugram-based company’s valuation will remain flat at Rs 576 crore or $65.5 million post-money.

Founded in 2018, Virohan provides vocational training for students pursuing careers in the healthcare sector. Its programs are offered through hybrid classrooms on campuses as well as online platforms across cities such as Delhi, Gurugram, Faridabad, Pune, Jaipur, Mumbai, Nagpur and others.

Virohan has raised over $18 million in funding to date. As per TheKredible, following the latest allotment, new investor Mynavi Corporation will hold a 3.83% stake in the company while Blume Ventures will remain the largest shareholder with a 16.16% stake. The co-founders, Nalin Saluja, Kunaal Dudeja and Archit Jayasal (via Oxys Impact LLP) will each continue to hold a 12.53% stake.

Virohan is yet to file its FY25 numbers. In FY24, the company nearly doubled its operating revenue to Rs 21 crore compared to Rs 10.65 crore in FY23. Its losses also increased 18% year-on-year to Rs 22 crore during the same period.