What is ERC Eye Care?
ERC Eye Care is an award-winning social enterprise dedicated to making eye care accessible and affordable. Leveraging technology, the company offers a comprehensive suite of services, including home eye tests, cataract surgeries, and community eye camps. Its product line encompasses various eyeglasses, contact lenses, and specialized eyewear for children, all designed to improve vision and enhance quality of life. ERC Eye Care's mission is to democratize healthcare, ensuring that essential vision services reach a broader population.
How much funding has ERC Eye Care raised?
ERC Eye Care has raised a total of $1M across 1 funding round:
Angel/Seed
$1M
Angel/Seed (2018): $1M with participation from Ankur Capital, North East Development Finance Initiative, and Ennovent GmbH
Key Investors in ERC Eye Care
Ankur Capital
Ankur Capital is an early-stage venture capital investor focused on disruptive technologies, supporting startups that pioneer digital and deep science innovations. The firm identifies untapped potential in underserved markets across India and beyond, backing founders who are committed to developing breakthroughs for a better world.
North East Development Finance Initiative
NEDFi is a public limited company that provides financial assistance to micro, small, medium, and large enterprises in the North Eastern Region of India, focusing on industrial, infrastructure, and agri-allied projects. The company offers a variety of loan products, including term loans, project finance, and microfinance, as well as equity investments.
Ennovent GmbH
Ennovent catalyses business innovation for sustainable impact in low-income markets. The firm supports enterprises aiming to address societal challenges through scalable business models.
What's next for ERC Eye Care?
With the recent major strategic investment, ERC Eye Care is poised for significant expansion. The company's focus on affordable and accessible eye care, coupled with its innovative service delivery model, positions it for accelerated growth. Future initiatives are likely to involve scaling its operations to reach more underserved communities, further developing its technological infrastructure for remote diagnostics, and potentially broadening its product offerings. This capital infusion will be instrumental in solidifying its market position and advancing its social mission.
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