Virohan, a Gurugram-based EdTech startup focussed on healthcare, announced that it has raised an additional $1.3 million in funding from its existing investors Keiretsu Forum and Better Capital.
The round was also joined by other investors including Priya Shah (General Partner at Theia Ventures), Vikas Gambhir (Partner - Grant Thornton), and Joydeep Battacharya (Partner - Bain & Co).
The company plans to utilize these funds to expand to new geographies pan India, develop newer training programs, content in vernacular languages, and develop their technological forefront. Virohan said it is in talks to raise $7-10 million in Series B later this year.
Founded in 2015 by Nalin Saluja, Kunaal Dudeja, and Archit Jayaswal, Virohan offers technology-based training for healthcare professionals such as OT and lab technicians, and administrators. The company bridges the gap between industry demand and the skills of the healthcare workforce by using its end-to-end proprietary 'technology skill stack' from mobilization to training content to placements.
Virohan operates hybrid classrooms on campuses and does online training across India in cities including Delhi, Faridabad, Pune, Raipur, Meerut, and Nagpur. So far, it has trained over 5,000 students and has achieved a student placement rate of 90 percent students.
Speaking about the funding, Kunaal Dudeja, Co-founder and CEO of Virohan, said in a statement,
"We are thrilled that our investors and the youth of our country believe in, and support the massive healthcare training need. The decision of the investors to re-invest gives us a further vote of confidence on our goal to train over 2,50,000 youth by 2025."
Virohan has partnered with industry players like GE Healthcare, Siemens Healthineers, Lenskart, etc. It is currently working as a partner with UNICEF YUWAAH! program, GE program, the Indian Medical Association, and more than 650 hospitals to identify the specific training needs for paramedics and ensure that the content is industry-relevant and job-oriented. All of Virohan's courses include internships at hospitals for hands-on practice of the skills acquired beyond technical know-how.
Priya Shah, General Partner at Theia Ventures, commented on the investment saying,
"We are excited to back the Virohan team on their transformative vision to train and empower India's youth in seeking allied healthcare employment in top hospitals and clinics in the country through cutting-edge technology and blended learning tools."
The startup aims to scale its current omnichannel training platform infrastructure and develop new features to further increase learning outcomes for students.
Virohan launched another institute at Delhi's East of Kailash to enable students to become healthcare professionals such as OT technicians, medical lab technicians, and healthcare administrators last month.
Earlier in May, Virohan raised $3 million in additional funding as part of its Series A round led by Rebright Partners. Prior to that, the healthcare EdTech firm had raised $2.8 million across seed and Series A round from Elea Foundation for Ethics in Globalisation, the Singh Family Trusts, advised by Artha Impact, Yunus Social Business, Better Capital, and Keiretsu Forum in August 2020. The startup's additional funding brings its total raised to $4.3 million since its launch.