Healthcare ed-tech startup Virohan has raised $7 million in a pre-series B1 round led by Blume Ventures. With this money, the business hopes to train more than 7,000 students and open more than 200 new campuses across India. To present, $11 million in the capital has been raised.
Bharat Inclusion Seed Fund, Rebright Partners, and Lesing Artha Limited were among those who participated in the round, along with $500K from Harshvardhan Rajgarhia as part of Lets Venture, ALES Japan, Shantanu Jain, the managing director of JP Morgan Chase – Singapore, Deepa Bagla Financial Consultants, and others.
The firm also intends to use the additional money to create and roll out new training programs, expand its omnichannel training platform’s infrastructure, create content in regional languages, and create new features. With assistance from its current investor, ALES and Rebright Partners, the cash will also enable the business to enter the Japanese market, according to the company.
Kunaal Dudeja, Cofounder & CEO, Virohan, said, “This investment is a testament to our product-market fit, scalability, impact and profitability of the business model. In the next 18 months, Virohan will deepen its relationship with its stakeholders – students, universities/colleges and medical institutions -train over 10,000 students, and establish an international presence to cater to a $100 billion global opportunity.”
Virohan aims to address the shortage of AHP technicians
Virohan is a healthcare education technology platform that instructs students in Allied Healthcare Programs. It was founded in 2018 by Dudeja, Nalin Saluja, and Archit Jayaswal (AHP). Phlebotomists, medical lab technicians, operating room technicians, and other healthcare professionals are examples of AHPs, who make up 60 percent of the healthcare workforce.
Phlebotomists, medical lab technicians, and operating room technicians are examples of the technicians who make up 60 percent of the healthcare workforce that are AHPs.
The company stated that there is a severe lack of AHP technicians in India, with a current shortfall of about 5 million personnel and a projected gap of 35 million by 2028, according to BCG-Niti Ayog’s research.
“Given the growing importance of allied healthcare workforce in overall healthcare delivery and as India continues to face a challenge in terms of the quality of AHP, at Virohan, our vision has always been to train AHPs keeping industry demand and requirement at the forefront,” said Kunaal Dudeja, co-founder, CEO, Virohan.
To assist students in obtaining internships and employment opportunities, Virohan collaborates with 1,000 partners, including Fortis Escorts, 1MG, Dr. Lal Path Labs, Sarvodaya Healthcare, Healthians, etc. In addition, Virohan asserted that it has taught 7,000 students across all of its courses and reported completion rates of 96% and placement rates of 98 percent within one month of program completion.