About UCare
UCare is a Technology company based in Mumbai (India) founded in 2018, and was acquired by Thriwe in May 2023. An online platform for employee healthcare management is provided. It operates in the Technology and Healthcare sectors. UCare has raised $465.22 thousand across 2 funding rounds from investors including Thriwe, YouFirst and Alder Capital. UCare was last valued at $10.08 million in October 2021. Its Indian entity Transasia Ventures Private Limited reported revenue of ₹2.19 Cr. UCare offers products and services including ThriweCare App, 24x7 Ambulance, Dial a Doctor, UCare@Home, and Corporate Wellness. Its focus areas include HealthTech, Healthcare Booking Platforms, Diversified and Employee Health IT. Its competitors include MediBuddy, Practo and Visit Health; 3 of its 3 listed competitors have raised funding.
Company details
UCare was founded in 2018 in Mumbai, India, as a healthcare technology company. The platform is designed for employee health management, integrating with devices like Fitbit, ECG machines, and body vitals monitors to store data in a health vault. Services such as diagnostic test bookings, doctor appointments, ambulance access, personal emergency responses, and safety features are facilitated. Operations extend to elderly care, patient support, and corporate wellness programs.
- Headquarters Mumbai, India
- Stage Acquired
- SectorsTechnologyHealthcare
- Email••••••••
- Website ucare.co.in
- Social LinkedIn X Facebook Instagram
- Acquired by Thriwe (May 2023)
- Legal Name Transasia Ventures Private Limited
- Date of Incorporation 13 Aug, 2012
- Jurisdiction Mumbai, Maharashtra, India
Associated legal entities of UCare
UCare operates through Transasia Ventures Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Transasia Ventures Private Limited CIN U67190MH2012PTC234403 | Active | 13 Aug 2012 | Mumbai, Maharashtra | ₹2.2 Cr | 2 | View details |
Products & Services of UCare
UCare offers a comprehensive portfolio of products and services, including ThriweCare App, 24x7 Ambulance, Dial a Doctor, UCare@Home, and Corporate Wellness.
App for accessing health and emergency services anytime.
Provides instant ambulance response and on-ground assistance.
Enables 24x7 doctor consultations from anywhere globally.
Offers solutions for home-based health monitoring and care.
Delivers programs to enhance employee health and productivity.
Apps and channels of UCare
UCare publishes 2 mobile apps with over 10K+ downloads.
Funding Insights of UCare
UCare has successfully raised a total of $465.22K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $399.47 thousand completed in October 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $465,216
- Total Rounds 2
- Last Round Seed — $399,468
- First Round $65,748
(May 2020)
- Investors Count 8
All 2 funding rounds of UCare with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2021 | $399,468 | Seed | $10.08M | Alder Capital | |
| May 2020 | $65,748 | Seed | $695,518 | Soumen Ghosh, YouFirst | – |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2021 | $10.08M | •••••••• |
Last known valuation $10.08M (Oct 2021). 9 investors in total: 4 institutional and 5 angel.
Investors in UCare
UCare has secured backing from 9 investors, including institutional and angel investors. Prominent investors backing the company include Thriwe, YouFirst and Alder Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment management firm serving high-net-worth individuals and families in India. | 2015 | aldercapital.in | Mumbai, India | |
| securedebtllp.com | ||||
PA Praveen Agarwal | unknown_5b20d4efb16445eb8 | |||
GW Gaurav Wadhwani | Angel investor and entrepreneur, focused on tech startups in India. | unknown_6a77e08527b04cb9a | ||
AK Abhishek Kumar Roy | unknown_9a1938eb80214e8e8 | |||
GS Gulshan Sethi | unknown_75c8f6beec7f47cfb | |||
SG Soumen Ghosh | unknown_d1bfc316f7f8417eb | |||
Online platform for prepaid gift cards | 2015 | youfirst.co.in | Mumbai, India | |
Loyalty program solutions are provided via benefits and technology platforms. | 2012 | thriwe.com | Delhi, India |
Investor details for UCare
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Transasia Ventures Private Limited (UCare)
Transasia Ventures Private Limited is the primary company behind UCare. The board of Transasia Ventures Private Limited currently have 2 directors; the longest-serving is Dhruv Ranjan Verma, appointed in 2023. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Dhruv Ranjan Verma DIN 02793476 | Director | 19 May 2023 | 3 yrs 5 mo | Transasia Ventures Private Limited |
| Mithlesh Verma DIN 02248052 | Additional Director | 11 Mar 2025 | 1 yr 7 mo | Transasia Ventures Private Limited |
Financials of UCare
Figures of Transasia Ventures Private Limited, the primary company behind UCare, for FY 2023. Revenue was ₹2.19 Cr (-20% year on year). Net loss was -₹94.9 Lakh (-43% margin). EBITDA was -₹2.23 Cr (-102% margin). Revenue has grown at a compounded annual rate of +291% over three years and +115% over five years.
- ₹2.19 CrRevenue · FY 2023 · -20% YoY
- -₹94.9 LakhNet loss · -43% margin
- -₹2.23 CrEBITDA · -102% margin
- ₹1.72 CrPaid-up capital
- +291%Revenue CAGR, 3 years
- +115%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Transasia Ventures Private Limited are on its company page.
Detailed financial statements for UCare
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of UCare
5 dated milestones of UCare across 5 years, from founding to its latest funding, stage changes and deals.
- Founded UCare is founded.
- Funding First funding round of $66K.
- Funding Latest funding round, Seed, of $399K.
- Milestone Reaches Minicorn status.
- Exit Acquired by Thriwe.
Competitors of UCare
UCare has 3 listed competitors in our database, 3 of them funded. They include MediBuddy, Practo and Visit Health.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| medibuddy.in | 2013 | Bengaluru, India | $193.12M | 1,192 | Online platform offering multiple healthcare services | |
| practo.com | 2008 | Bengaluru, India | $227.88M | Doctor appointments are booked and healthcare professionals are consulted online. | ||
| getvisitapp.com | 2016 | Noida, India | $7.79M | 699 | Operator of a platform providing wellness and outpatient healthcare benefit solutions |
Detailed competitors of UCare
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Related news about Ucare
Complete news archive for UCare
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Frequently Asked Questions about UCare
UCare was founded in 2018 and raised its 1st funding round 2 years after it was founded.
UCare is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
UCare is a funded company, having raised a total of $465.22K across 2 funding rounds to date. The company's 1st funding round was a Seed of $65.75K, raised on May 2020.
The primary company behind UCare, Transasia Ventures Private Limited, reported revenue of ₹2.19 Cr for FY 2023, down 20% year on year.
UCare was founded in 2018 in Mumbai, India, as a healthcare technology company. The platform is designed for employee health management, integrating with devices like Fitbit, ECG machines, and body vitals monitors to store data in a health vault. Services such as diagnostic test bookings, doctor appointments, ambulance access, personal emergency responses, and safety features are facilitated. Operations extend to elderly care, patient support, and corporate wellness programs.
UCare's top competitors include MediBuddy, Visit Health and Practo.
UCare offers ThriweCare App, 24x7 Ambulance, Dial a Doctor, UCare@Home, and Corporate Wellness.
UCare has 9 investors. Key investors include Thriwe, YouFirst, Alder Capital, Securedebtllp, and Praveen Agarwal.
The valuation of UCare is $10.08M as of Oct 2021.
UCare operates through Transasia Ventures Private Limited.
Yes. UCare was acquired by Thriwe in May 2023.
The legal entities of UCare currently have 2 directors, including Mithlesh Verma, Dhruv Ranjan Verma.