India, January 2024: Faad Network, a prominent early-stage fund in India, has recently invested in Larkai Healthcare Pvt. Ltd., a global leader in Med-Tech solutions offering advanced, affordable, and accessible healthcare. Larkai Healthcare successfully secured a substantial investment of $500,000 for its seed funding round, with contributions from FAAD Network, QI Ventures, RTAF, and additional government grants.
This significant capital infusion aims to propel Larkai Healthcare into the forefront of healthcare technology, strengthening its sales verticals through strategic investments. The company envisions using these funds as a catalyst to revolutionize healthcare accessibility and efficiency.
Dr. Dinesh Singh, Co-Founder and Director of FAAD Network, emphasized the strategic significance of investing in Larkai, stating, “This investment is a testament to our steadfast commitment to driving transformative technological innovation. Larkai’s pioneering use of AI to revolutionize healthcare aligns seamlessly with our mission to instigate impactful change in the technology ventures landscape.”
Established in 2020 by Mr. Pritam Dhalla and Mr. Abhilash Chakraverty, Larkai Healthcare addresses the gap between diagnosis and treatment through its cutting-edge AI technology. The company’s goal is to democratize AI in healthcare, ensuring accessibility for everyone, anywhere, and at any time.
Abhilash Chakraverty, Co-Founder and Director at Larkai Healthcare, expressed enthusiasm about the investment, saying, “This investment positions us to bridge the crucial gap between diagnosis and treatment, leveraging our global reach and robust intellectual assets. It propels our vision for healthcare—transcending borders, transforming lives, and setting new benchmarks in accessibility and innovation.”
FAAD Network’s dedication to supporting early-stage technology companies in India reflects its commitment to fostering a more sustainable and resilient future for the country. The recent approval from the Securities and Exchange Board of India (SEBI) for a category 1 INR 300 crore Alternative Investment Fund (AIF) underscores FAAD’s pivotal role in contributing to economic growth and job creation.
