Elda Health has announced that it has secured seed funding of $1.5 million from Avaana Capital, Orios Ventures, and Ananth Narayanan Family office.
Anup Jain, Managing Partner, Orios Ventures, commented, “As an early-stage startup, Elda’s mission to innovate for India’s women healthcare issues that have remained unaddressed for generations, really resonated with us. Elda’s healthtech platform will no doubt create a disruption in this new space that is valued at $600 billion globally. We are excited to partner with the Elda team on their journey to reimagine the women’s healthcare industry.”
Shruti Srivastava, Principal, Avaana Capital, told to HerStory, “We at Avaana Capital look for businesses that are targeting large problems, and creating large commercial outcomes by solving them. And women’s health in 50 percent of the population is an ignored and underserved segment. Women of the age group do spend on health, but they end up spending on curative measures. We liked the way the Elda team looked at the space and the market, and the segment needs 360 degree support.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.