Reliance invests in oncology startup Karkinos Healthcare

Reliance Digital Health has invested an undisclosed amount in the oncology healthcare platform Karkinos Healthcare. Read to know more about its other investors.

Reliance Digital Health has invested an undisclosed amount in the oncology healthcare platform Karkinos Healthcare. ‘Kark’ in Hindi means cancer whereas ‘nos’ means elimination. Its headquarter is in Mumbai but its operations take place in 4 locations in Kerala. 

It was launched in July 2020 and is made up of ex-Tata group members. R Venkataramanan and Ravi Kant are the co-founders of Karkinos. The former was the former managing trustee of Tata Trusts and the latter was the former vice-chairman and MD of Tata Motors.

This may be the prime cause that the startup was personally backed by Ratan Tata and the Tata Group. This year Tata Group invested Rs 110 crore in this platform. Initially, Rs 35 crore will be invested and the rest of the capital will be kept in tranches.

Tatas have been actively seeking ways to enter the healthcare segment. With Tata Medical they entered into Covid testing and diagnostics; with Tata1MG they entered the pharmacy segment and with Tata Health they entered in teleconsultation.

Its other investors are Venu Srinivasan, Ronnie Screwvala, Vijay Shekar Sharma, Kris Gopalakrishnan and Bhavish Aggarwal. The startup is also backed by USA-based Rakuten Medical. The San Diego venture is a global clinical-stage biotechnology firm. Karkinos is also setting up a cancer control centre at Jawaharlal Nehru Institute of Medical Sciences.

Tags : #KarkinosHealthcare #RVenkataramanan #RaviKant #RatanTata #Reliance #RelianceDigitalHealth #TataGroup #VenuSrinivasan #RonnieScrewvala #VijayShekarSharma #KrisGopalakrishnan #BhavishAggarwal #RakutenMedical #funding #smitakumar #medicircle

Related Stories

Loading Please wait...

-Advertisements-




Trending Now

Sexual wellness superstore, Love Depot launches digital campaign to deliver every desireMarch 28, 2024
Recharge Your Life: Simple Ways to Boost Your Physical and Mental EnergyMarch 28, 2024
The Neurological Toll of Common Household Chemicals: Insights from Recent ResearchMarch 28, 2024
The Aging Puzzle: Decoding the Mechanisms of AgingMarch 28, 2024
The Double-Edged Sword of Kala-azar Treatment: Shedding Light on Eye ComplicationsMarch 28, 2024
FTCCI Launches Industry-Academia Connect to improve the employability of Engineering Graduates and address the growing demand for Talent in Emerging TechMarch 27, 2024
NTT and Olympus Begin World's First Joint Demonstration Experiment of Cloud Endoscopy SystemMarch 27, 2024
NTT and Olympus Begin World's First Joint Demonstration Experiment of Cloud Endoscopy SystemMarch 27, 2024
2nd Edition of IIFL JITO Ahimsa Run for peace & for non-violence to be held on 31st MarchMarch 27, 2024
Brij Hotels Announced 4 Million in Series A Funding March 27, 2024
Combatting Childhood Sedentariness: The Key to Preventing Premature Vascular DamageMarch 27, 2024
Crucial Findings: Unlocking Paths to Combat Ebola's DevastationMarch 27, 2024
Guarding Against Disease: The Crucial Role of Oral Hygiene in Preventive HealthcareMarch 27, 2024
Sanofi & Cipla announce exclusive distribution partnership to expand reach of CNS portfolio in IndiaMarch 26, 2024
Surmandal's Tribute to the Legends of Hindustani Classical MusicMarch 26, 2024
In Moscow, over 350,000 mammograms have been analyzed using artificial intelligence as part of the compulsory health insurance programMarch 26, 2024
Embark on a Creative Journey: "Kala For A Cause" Unveils Pottery Workshop Series March 26, 2024
Healthtech pioneer Aurora Innovation appoints new CEO – expands in Europe with service that streamlines patient-healthcare interactionMarch 26, 2024
In A Rare Feat, 45 YO Woman Walks Within 6 Hrs. Of Dual Robotic Surgery In A Single Operation At HCGMCCMarch 26, 2024
Improve Cancer Care through Automated CT Analysis: Oncoshield – CTMarch 26, 2024