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PhableCare raises $25m in Series B round led by Kalaari Capital

Bengaluru headquartered PhableCare, one of India’s largest chronic disease management company, has raised Series B funding of $25 million within one year of closing its Series A.

The round was led by Kalaari Capital with participation from Aflac Ventures, Digital Horizon, Stride Ventures. Existing investors, Omron Ventures, SOSV, Social Starts, and Fresco Capital also participated in the round.

The start-up has plans to acquire other players through strategic investments, which will consolidate PhableCare’s position in the category. The company has allocated capital and secured additional venture debt to invest in other health-tech startups that can potentially create a thriving healthcare eco-system through capacity and capability expansion.

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