Healthcare education technology startup Virohan announced on Monday that it has raised $7 million in a bridge round of funding, known as pre-Series B1, to scale its platform.
Founded in 2018 by Kunaal Dudeja, Nalin Saluja, and Archit Jayaswal, Virohan is a healthcare edtech platform that trains students in Allied Healthcare Programs (AHP). AHPs are technicians in the healthcare industry who work as Phlebotomist, Medical Lab Technicians, Operating Theatre Technicians, among others.
The startup caters to the 18-24 age group and works with over 1,000 partners, including Fortis Escorts, 1MG, Dr Lal Path Labs, Sarvodaya Healthcare, and Healthians, for student internships and job offers.
In the fiscal year ending March 2021, Virohan saw a twofold increase in student enrollment, with over 7,000 students trained across its courses, which had a completion rate of over 96% and a placement rate of over 98% within one month of the program.
This latest raise brings Virohan's total funding to $11 million and will be used to expand the company's presence in Japan with the support of existing investors ALES and Rebright Partners, as well as to expand to over 200 new campuses across India, develop and launch new training programs, and scale its omnichannel training platform infrastructure and content in vernacular languages.
The round was led by Blume Ventures, including other investors such as Bharat Inclusion Seed Fund, Rebright Partners, Leasing Artha, ALES Japan, JP Morgan Chase Singapore managing director Shantanu Jain, Deepa Bagla Financial Consultants, and LetsVenture angel investor member Harshvardhan Rajgarhia, who contributed $500,000, according to a statement.