Indian cricketer Shreyas Iyer recently made an undisclosed investment in healthtech platform Curelo. His contribution was part of a funding round of INR 10 Cr. Other participants in the round included IIMA Ventures, a US-based family office and ZEE5 co-founder Tarun Katiyal.
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Funding to Fuel Growth
The total amount of financing was put towards the disposal of Curelo’s expansion projects. The startup intends to use the funds provided to expand market share, standardize unorganized labs, and drive multi-factor growth of the business. Launched in 2022 under the leadership of Arpit Jaiswal, the company is a healthtech company that aggregates diagnostic medical labs from across India. Thus, this platform provides a solution for those who want to collect samples for laboratory tests at the convenience of their own home.
Expressing his excitement about the investment, Shreyas Iyer said, “I am happy to be a part of Curelo’s journey. They have an innovative and customer-friendly approach to diagnostics and health care, and I am excited to contribute to its growth.”
Investment to boost diagnostics market
Arpit Jaiswal, Founder and CEO of Curelo expressed his delight at the addition of Shreyas Iyer as an investor. He emphasized the confidence Iyer brings to the platform and highlighted his commitment to redefining the diagnostics market.
Before this round, Curelo had raised USD 100K from IIMA Ventures. The startup boasts of significant revenue growth, with revenues seeing an increase of over 25 times in the last year. Curelo aims to increase its patient base by 300% by 2025.
Cricket Stars in the Startup World
Shreyas Iyer joins a growing list of Indian cricketers venturing into the startup realm. Notable names include Hardik Pandya, Mahendra Singh Dhoni, and Shikhar Dhawan, who have all invested in various startups across different sectors.
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Healthtech Sector Amid Funding Winter
The funding secured by Curelo comes at a time when the health tech sector is experiencing a funding slowdown. Despite this, funds are still flowing into the space, indicating investor confidence in its potential.
Shreyas Iyer’s investment in Curelo not only reflects his confidence in the platform but also highlights the growing trend of sports celebrities diversifying their investment portfolio into promising startups.
