Venkataramanan, who rose from an executive assistant to Ratan Tata to be the CEO of Tata Trusts and later quit the philanthropic organisation amid controversies, was with RIL before establishing Karkinos. RIL through Reliance Digital has acquired a minority stake in Karkinos, while the Tata Group is investing Rs 110 crore in the tech startup. Karkinos didn’t reveal the investment made by RIL.
Besides Tata Group, Tata Trusts chairman Ratan Tata is an investor in Karkinos. Tata Group promoter, Tata Trusts, has been sharpening its focus on oncology in recent years and has been ramping up cancer care centres in the country.
Set up during the pandemic, Karkinos works with various healthcare institutions in the oncology ecosystem, a statement from the startup said.
Apart from Ratan Tata, TVS chairman & Tata Trusts’ trustee Venu Srinivasan, and Infosys co-founder Kris Gopalakrishnan have backed Karkinos. The startup also counts UpGrad co-founder Ronnie Screwvala, Paytm founder Vijay Shekar Sharma, and Ola co-founder Bhavish Agarwal as its investors.
“We are overwhelmed with the support received from leading business groups and personalities from corporate India. Cancer care continues to be one of the most underserved needs and we are focussed on scaling our presence in relevant parts of the country,” said Karkinos CEO Venkataramanan.
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