About UCare
UCare is a company based in Mumbai (India) founded in 2018 was acquired by Thriwe in May 2023.. UCare has raised $465.22 thousand across 2 funding rounds from investors including Thriwe, YouFirst and Alder Capital. UCare offers products and services including ThriweCare App, 24x7 Ambulance, Dial a Doctor, UCare@Home, and Corporate Wellness. UCare operates in a competitive market with competitors including Hinge Health, MediBuddy, Practo, Cerner and Visit Health, among others.
- Headquarter Mumbai, India
- Stage Minicorn
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Sectors
TechnologyHealthcare
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Email
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Phone
*********
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Website
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Social
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- Legal Name Transasia Ventures Private Limited
- Date of Incorporation 13 Aug, 2012
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$263.58 K (USD)-19.64as on Mar 31, 2023
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Net Profit
$-114.08 K (USD)51.65as on Mar 31, 2023
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EBITDA
$-267.87 K (USD)-35.41as on Mar 31, 2023
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Total Equity Funding
$465.22 K (USD)
in 2 rounds
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Latest Funding Round
$399.47 K (USD), Seed
Oct 11, 2021
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Investors
Thriwe
& 8 more
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Employee Count
Employee Count
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Acquired by
Thriwe
(May 03, 2023)
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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 Total Funding
- Total Rounds 2
- Last Round Seed — $399,468
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First Round
First Round
(25 May 2020)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Seed - UCare | Valuation | Alder Capital | |
| May, 2020 | Amount | Seed - UCare | Valuation | Soumen Ghosh , YouFirst |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment management firm serving high-net-worth individuals and families in India.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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PA
Praveen Agarwal |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by UCare
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - UCare
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ucare Comparisons
Competitors of UCare
UCare operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hinge Health, MediBuddy, Practo, Cerner and Visit Health, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Virtual physical therapy and digital pain care solutions are provided.
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| domain | founded_year | HQ Location |
Online platform offering multiple healthcare services
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| domain | founded_year | HQ Location |
Doctor appointments are booked and healthcare professionals are consulted online.
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| domain | founded_year | HQ Location |
Online platform for employee health benefits
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| domain | founded_year | HQ Location |
Operator of a platform providing wellness and outpatient healthcare benefit solutions
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| domain | founded_year | HQ Location |
Employee wellness is managed via a digital health benefits platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ucare
Frequently Asked Questions about UCare
When was UCare founded?
UCare was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is UCare located?
UCare is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is UCare a funded company?
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 25, 2020.
What is the annual revenue of UCare?
Annual revenue of UCare is $263.58K as on Mar 31, 2023.
What does UCare do?
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.
Who are the top competitors of UCare?
UCare's top competitors include MediBuddy, Hinge Health and ekincare.
What products or services does UCare offer?
UCare offers ThriweCare App, 24x7 Ambulance, Dial a Doctor, UCare@Home, and Corporate Wellness.
Who are UCare's investors?
UCare has 9 investors. Key investors include Thriwe, YouFirst, Alder Capital, Securedebtllp, and Praveen Agarwal.
What is UCare's valuation?
The valuation of UCare is $10.08M as of Oct 2021.