- Newmi Care raised $1.5 million in seed funding led by Sprout Venture Partners and other investors.
- The startup, founded in May 2022, offers women’s healthcare services, wellness products, and insurance partnerships.
- Newmi Care plans to expand its clinics, improve technology, and innovate products with the new funding.
Newmi Care, a women-focused wellness startup, has raised $1.5 million (INR 12.6 crore) in seed funding led by Sprout Venture Partners. The round also saw participation from a family office, LetsVenture, Sarcha Advisors, Key Ventures Forum, and several angel investors.
Founded in May 2022 by Sanchit Agarwal and Aditi Mittal, Newmi Care is redefining women’s healthcare. In addition to offering medical services, it also provides a wide range of wellness products like PCOS tea, supplements, menstrual cups, and maternity wear, all designed to support women through different life stages.
The company addresses a broad spectrum of women’s health issues, from menstrual, sexual, and hormonal health to fertility, maternity, menopause, and reproductive organ cancers. Additionally, they partner with leading insurers to offer women-focused outpatient department (OPD) insurance products, providing comprehensive support for women’s wellness.
“We are on a mission to simplify outpatient care for women in India and bring women's health to the forefront. This capital infusion is a step to move closer to our path to solve women's health at scale in India,” said Co-founder Sanchit Agarwal.
Since its launch, Newmi Care claims to have served over 60,000 women in more than 400 cities across India. The company currently runs 10 clinics in Delhi NCR.
With the new funding, Newmi Care plans to open women’s clinics in northern and western India. The company is also planning to focus on enhancing its technology, driving product innovation, and expanding its team.
Sahil Gupta, partner at Sprout Venture Partners, highlighted the potential in creating a trusted brand within the women’s health lifecycle sector. He noted that similar opportunities have appeared in other healthcare categories and anticipates substantial market growth as awareness among the next generation of women increases.
Edited by Harshajit Sarmah
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