Mumbai, India-based Zoctr Health secured an undisclosed amount of money from Times Group’s Brand Capital. This is the third time that the company raised money in last nine-months, as per a statement.
Zoctr Health operates the online platform called Zoctr that aggregates various health-related services and home-based wellness packages online, and allows users to pick and choose which one works for them best. It plans to use the funds for marketing purposes, mainly for print, medianet and radio ads for creating category awareness for home health as well as brand awareness for the Zoctr brand.
“Zoctr’s aspiration is to touch 500,000+ Indians and be amongst the Top 5 most recognized Healthcare Brands in India in the next 5 years,” said Zoctr’s founder Nidhi Saxena. “The Times Group’s impeccable credibility, outreach and media mix coupled with the timing of the deal shall help Zoctr create a high impact launch and reach out to a Pan-India audience thereby enabling strong brand awareness and rapid adoption of home healthcare services by consumers.”
Earlier in July 2015, the company raised $1 million from SPA Capital Group founder Sandeep Parwal Organic Wellness’ founder Krishan Gupta and former Ranbaxy executives Anil Khandelwal and Arun Purohit. Even before, Zoctr received seed funding from Rajeev Agrawal, partner at Ambit Pragma Ventures.
The startup expects to close its Series A round in the next six months. It has around 100 employees, and is currently operating in Mumbai, Delhi, Kolkata, Pune and Ahmedabad, with plans to scale into new cities.
[Via: DealStreetAsia]