Bangladesh Praava Healthcare raises $10.6m
Source：The Daily Star & Pravva Healthcare
From：Taiwan Trade Center, Dhaka
Praava Health, which made a foray into Bangladesh's healthcare business with a brick-and-click model, yesterday announced that it raised funds of $10.6 million with an aim to expand footprint in the capital and beyond to Chattogram.
The fund came in a form of a "Series A Prime" round, which refers to a first round of financing undertaken for a new business venture after seed capital.
The healthcare provider is said to have so far served 150,000 patients with a flagship centre in Banani and 40 collection points across Dhaka.
It also seeks to use the money to build an app integrating all its digital services being offered since its 2018 launching.
"We grew three times annually since the launch…We think there is a huge opportunity and the global pandemic highlighted the needs of more investment in healthcare," said founder Sylvana Quader Sinha.
In an interview with The Daily Star, Sinha, who was born to a Bangladeshi parent in the US, spoke of an incident that almost led to her mother's death.
"No amount of money allows you to access world-class health service. That's why I moved to Bangladesh to introduce world class patient experience…I realised there is a need for quality healthcare in Bangladesh," she said.
To know more about Praave, please refer to https://praavahealth.com/