India, January 2024: Faad Network, India’s leading early-stage fund, has invested in Larkai Healthcare Pvt. Ltd., a global Med-Tech company that provides advanced, affordable, and accessible healthcare solutions. Larkai Healthcare secured an investment of 500k USD for the seed funding round from FAAD Network, QI Ventures, RTAF, and additional government grants.
With the infusion of funds, the company aims to pioneer the next generation of technology in healthcare and to fortify and amplify its sales verticals through strategic investments. This will serve as a catalyst for the company’s mission to revolutionize healthcare accessibility and efficiency.
“Investing in Larkai stands as a testament to our unwavering dedication to spearheading transformative tech innovation,” said Dr Dinesh Singh, Co-Founder and Director of FAAD Network. “Their groundbreaking AI-infused approach to revolutionizing healthcare resonates deeply with our mission of catalyzing impactful change in the realm of technology ventures.”
Founded in 2020, by Mr. Pritam Dhalla and Mr. Abhilash Chakraverty, Larkai Healthcare bridges the gap between diagnosis and treatment with its commitment to deliver instant and early diagnosis with accuracy by its advanced AI technology The company aims to deploy AI in healthcare, making it accessible to anyone, anytime, and anywhere.
Abhilash Chakraverty, Co-Founder and Director, Larkai Healthcare, said, “Seizing this investment, we are poised to bridge the gap between diagnosis and treatment, leveraging our global footprint and robust intellectual assets. This fuels our vision for healthcare—transcending borders, transforming lives, and setting new benchmarks in accessibility and innovation.”
FAAD Network’s commitment to supporting early-stage technology companies in India has the potential to create a more sustainable and resilient future for the country, while also contributing to economic growth and job creation. Recently FAAD has received approval of Securities and Exchange Board of India (SEBI) for a category 1 INR 300 crore Alternative Investment Fund (AIF).
About FAAD
FAAD Network is a CAT-1 SEBI registered AIF that invests in early-stage startups across various sectors & geographies. With 2000+ Angels, HNIs, and VCs, FAAD has invested in over 75+ startups, with follow-on rounds in more than 55% of its portfolio companies. FAAD enjoys a network of investors based in India, Singapore, Dubai, the US, the UK, and Canada. The network supports early-stage technology companies.
For more information and access, visit our platform www.faad.in
About Larkai Healthcare
Larkai is a Global Med-Tech Company dedicated to make diagnosis and healthcare accessible by offering advanced & affordable healthcare solutions. Larkai uses cutting-edge algorithms and exclusive Artificial Intelligence to ensure accurate reports that can detect crucial ailments thereby helping in treatments with precision.
For more information, please visit at www.larkai.in
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