Cancer care startup Oncare raises Rs 27 Cr in Series A round

Cancer care startup Oncare has raised Rs 27 crore (around $4 million) in a Series A funding round led by Sky Impact Capital. The round also saw participation from Huddle Ventures, Lotus Herbal Group, SteerX and Tremis Capital.

Oncare had raised $1 million in its seed round led by Huddle Ventures and others. 

The proceeds will be used to expand into new metro markets as well as tier-II and tier-III cities. The firm will also invest in technology infrastructure to streamline clinical operations, strengthen care coordination and improve patient experience.

Founded in 2023 by Amar Sneh and Deepak Kumar, Oncare operates a distributed oncology care platform focused on affordable and standardised cancer treatment. The firm integrates medical, surgical and radiation oncology services within accredited hospitals under a capital-efficient model.

Oncare currently operates four centres across Delhi NCR. It has built a multi-centre oncology platform within three years of launch and is targeting nationwide expansion.

Funding deals in the oncology segment have picked up over the past few years. Recently, 4baseCare raised Rs 90 crore in a round led by Ashish Kacholia and Lashit Sanghvi. Last year, Everhope Oncology secured $10 million in seed funding, while MOC Cancer Care & Research Centre raised $18 million in a round led by Elevation Capital. Other funded startups in the segment include ErlySign, Oncare and OneCell Diagnostics.