Funding · Healthcare & Life Sciences
4baseCare raises Rs 128 Cr in Series B round
By Startup Enthusiast ·
- Date
- Company
- 4baseCare
- What it does
- Genomics-driven cancer diagnostics
- Kind
- Funding
- Amount
- Rs 128 Cr
- Stage
- Series B
- Founded
- 2019
What they do
4baseCare provides AI-led genomic cancer diagnostics through its OncoTwin platform
What happened
The company closed a Series B round of Rs 128 Cr with growX Ventures leading the top-up
Why it matters
Funds support global expansion and lower pricing for underrepresented populations
The details
- 4baseCare has closed its Series B funding round totaling Rs 128 Cr.
- The total amount includes an earlier tranche of Rs 90 Cr and a top-up of Rs 38 Cr.
- growX Ventures led the top-up investment round with participation from existing backers.
- Infosys participated as a strategic innovation investor in this latest funding stage.
- Co-lead investors for the initial Series B tranche were Ashish Kacholia and Lashit Sanghvi.
- Existing backer Yali Capital also participated in the current funding round.
- The company reported annual revenue of approximately Rs 40 Cr at the time of closing.
- 4baseCare aims to cross Rs 100 Cr in revenue within the next 12-18 months.
The bigger picture
- India sees around 15 lakh new cancer cases annually according to market context.
- Approximately 70% of these cases are diagnosed at advanced stages in India.
- The startup addresses the underrepresentation of non-Caucasian populations in genomic data globally.
- Adoption is spreading from tier 1 cities to tier 2 and tier 3 locations.
About the business
- 4baseCare focuses on precision oncology and genomics-driven cancer diagnostics services.
- Its core product is the OncoTwin platform which uses AI clinical decision support.
- The platform analyzes multimodal datasets including genomic, pathology, radiology, and clinical data.
- The company operates 4 active labs currently within India.
- It performs approximately 1,500 genomic tests per month at present capacity.
- Projected monthly test volume is expected to reach 8,000-10,000 tests soon.
- The firm pursues a strategy of lower prices compared to competitors.
- Some offerings cost nearly one-fourth of what competitor services charge.
What happens next
- Plans to expand lab network to Middle East, Southeast Asia, Latin America, and Central Asia.
- Targeting entry into 8-10 additional countries over the next 12-18 months.
- Forming partnerships with Max Healthcare, AIIMS Jammu, and Shankara Hospital for in-hospital labs.
- Aiming to decentralize testing access across India through hospital integrations.
The deal
- Type
- Series B
Investors
- growX Ventures (lead)
- Infosys (participant) — Strategic innovation investment arm
- Yali Capital (existing) — Led previous Series A round
Founders
- Hitesh Goswami, Co-founder and CEO
- Kshitij Rishi, Co-founder
About 4baseCare
- Product
- Genomics-based cancer diagnostic tests and OncoTwin, an AI clinical decision support platform.
- Customers
- Oncologists, cancer patients, and hospital networks.
- How it makes money
- Fees for diagnostic testing services and software-driven clinical decision insights.
- What sets it apart
- Combines clinico-genomic and real-world lifestyle data tailored for underrepresented populations.
- Operations
- Operates genomics laboratories and partners with hospital networks across emerging markets.
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