With the support of Blume Ventures, Bharat Inclusion Seed Fund, Rebright Partners and Lesing Artha Limited, Virohan – a healthcare edtech startup- launched its pre-Series B1 round and raised an impressive $7 million.
Harshvardhan Rajgarhia has contributed a hefty sum of $500K, courtesy of Lets Venture. Additionally, notable investors including Shantanu Jain (Managing Director at JP Morgan Chase – Singapore), Deepa Bagla Financial Consultants and ALES Japan have invested in the company’s latest round of funding. This brings the total capital raised to an impressive figure of $11 million!
Through this fund, Virohan aspires to reach and train over 7000 students across more than 200 campuses in India.
This company plans to use the funds not only to develop and launch new training programs, but also scale their omnichannel training platform infrastructure and content in vernacular languages. Plus they’ll be creating brand-new features with the goal of increasing learning outcomes for students even more than before.
It aspirations to gain access to the Japanese markets with its current investors ALES and Rebright Partners being at the helm of this endeavor.
Ashwin Raguraman, co-founder and partner, Bharat Fund said in a statement-
“The severe shortage in healthcare workers came to the fore during the pandemic but continues to remain a persistent problem for several decades now. Virohan’s offering, sitting at the intersection of healthcare and education, is working well to solve this problem.”
Launched in 2018, Virohan is an educational technology platform that offers courses in Allied Health Programs (AHP). AHP technicians make up sixty percent of the healthcare workforce and offer services such as phlebotomy, medical laboratory technician roles, operating theatre assistance and more.
With our advanced training programs available on Virohan, we are committed to providing students with superior knowledge across all areas of allied health care!
India is in dire need of AHP technicians, with an already existing gap of 5 million workers and a predicted shortage of 35 million by 2028. This severe deficit was stated by the company in their recent statement.
Kunaal Dudeja, co-founder and CEO of Virohan said in a statement-
“Virohan’s vision has always been to train AHPs keeping industry demand and requirement at the forefront. In the next 18 months Virohan will deepen its relationship with its stakeholders (students, universities/colleges & medical institutions), train over 10,000 students, and establish an international presence to cater to over $100 billion global opportunity.”
Dudeja, Nalin Saluja and Archit Jayaswal established the Gurgaon-based startup. These three individuals have a wide variety of expertise including retailing, sales, technology development, product engineering and finance.
Virohan has had tremendous success in training thousands of students to date; with an incredible 96% completion rate and a staggering 98% placement rate within one month of program ending. These outstanding results have allowed Virohan to assist top companies like Fortis Escorts, 1MG, Dr. Lal Path Labs, Sarvodaya Healthcare and Healthians in getting its students internships or job offers upon graduation.
Sajith Pai, director , Blume Ventures stated-
“Education can also help leapfrog social classes and economic cohorts. Hence, we have consistently bet on education startups lowering barriers for access and expanding opportunities to all. This is why we are excited to partner with Virohan, for its ambition and mission to skill and upgrade the next hundred million Indians.”
The entire team at Virohan is looking forward to achieving its goal of bridging the gap between AHP technicians and their ever-growing demand in the healthcare industry.
They are confident that with this funding, they will be able to continue providing their students with the highest quality of training and support as they embark on their journey to becoming successful professionals.
Shivendra Tiwari is an Engineer and an MBA in Marketing. He is the Content head at Marketing91 and a thorough Online Marketing enthusiast. Shivendra loves to follow different brands and study their Business and Marketing tactics.