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Clinics On Cloud Raises ₹120 Cr in Series A Funding
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Vicky Galfat
Published
November 3, 2026
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9 MIN READ
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Clinics On Cloud raises ₹120 crore from Dubai-based Model42 at a ₹600 crore valuation to expand its Health ATM network and AI-powered healthcare services.
What Happened?
Indian health tech startup Clinics On Cloud has raised ₹120 crore (approximately $12.5 million) in its first institutional funding round, marking a significant milestone after eight years of bootstrapped operations. The Series A investment comes from Model42, a Dubai-based healthcare investment platform, at a reported company valuation of ₹600 crore (approximately $63.3 million). The funding announcement was published by the company on November 1, 2026, with earlier coverage appearing in October. The Indian Startup News
Founded in 2018 by Abhay Agarwal and Manashrri Agarwal, the Pune-based company develops smart health kiosks, commonly known as Health ATMs, alongside portable clinics, health lounges and mobile medical units. These solutions are designed to provide basic preventive health screenings and access to digital healthcare services outside conventional hospital and diagnostic-centre settings. Inc42
The company reports more than 3,500 installations, over 12 million health screenings and operations across more than eight countries. Its deployment model covers hospitals, corporate environments, public spaces and rural healthcare settings. The latest investment is intended to help the business expand its manufacturing capacity, strengthen AI-driven healthcare capabilities and build an international micro clinic network. Clinics On Cloud's announcement
What Does the Source Say?
The ₹120 crore financing represents Clinics On Cloud's first institutional funding after eight years of self-funded development. The round was led by Model42, a Dubai-based healthcare investment platform associated with Enlightened Minds Investments. Model42 was co-founded by Timur Kudratov, Dr. Aida Sheikhaliyeva and Dr. Raees Tonse. The investment brings healthcare-sector expertise and international market access alongside financial backing. Business Standard
The company intends to allocate the capital across five major areas: international expansion, AI-driven diagnostics, research and development, regulatory compliance in new markets, and manufacturing expansion. The United Arab Emirates will serve as its proposed international expansion hub, with further opportunities being explored across Africa, the United States and Southeast Asia. These are planned initiatives rather than completed international deployments funded by the round. Clinics On Cloud's funding announcement
Understanding Clinics On Cloud's Technology
Clinics On Cloud focuses on bringing basic healthcare screening closer to people through connected physical healthcare infrastructure. Its main product is the Health ATM, a walk-up digital health kiosk designed to perform multiple health measurements without requiring a conventional laboratory visit for every screening. According to the company's product documentation, the kiosk supports more than 65 clinical parameters across 14 specialities. These include general health, diabetes, cardiac screening, anaemia, kidney health, pulmonary function, vision, hearing, dermatology and other screening categories. The company advertises a standard screening experience of approximately 10 minutes. Clinics On Cloud Health Kiosk documentation
The process generally involves several connected functions. First, users interact with the kiosk and connected medical devices to collect measurements such as blood pressure, oxygen saturation and other supported screening parameters. Next, the system organises the collected measurements into a digital report that can be printed or delivered electronically. The platform also describes AI-based report analysis and risk scoring designed to make health information easier to understand. Finally, users can access a doctor through video consultation when further guidance is needed. These capabilities are described in the company's product materials. The kiosk should be understood as a preventive screening and healthcare-access solution, not as an independently validated replacement for clinical diagnosis. Clinics On Cloud Health Kiosk
Beyond Smart Health Kiosks
Clinics On Cloud is expanding its product portfolio beyond standalone Health ATMs. Its ecosystem includes the Health ATM, a digital station for preventive health measurements and screening; the Portable Box Clinic, a compact medical setup intended for temporary healthcare camps and remote outreach; the Health Lounge, a dedicated screening and wellness space for workplaces and communities; and the Mobile Medical Unit, a vehicle-based healthcare facility designed to bring diagnostic and consultation services to different locations. Together, these formats are positioned as a connected micro clinic network that can support healthcare delivery in locations where establishing a full-scale medical facility may be difficult or expensive. Company product portfolio
What Will the Funding Support?
The company's international strategy places the UAE at the centre of its proposed expansion. From there, it plans to explore additional markets in Africa, the United States and Southeast Asia. Alongside geographic expansion, the company intends to invest in AI capabilities, product development, manufacturing and partnerships with healthcare providers. Strengthening these areas will be important for supporting installations across multiple countries, particularly where healthcare equipment and medical-device regulations differ. Inc42
What Is Still Unknown?
Despite its reported deployment numbers, several important aspects of Clinics On Cloud's business remain undisclosed.
First, the company has not published detailed financial statements alongside the funding announcement. Its revenue, operating margins, profitability and unit economics are not fully explained in the available funding coverage. These details would help determine how efficiently the company converts kiosk installations into sustainable recurring business. Inc42
Second, the company reports more than 12 million health screenings, but the public announcement does not provide a detailed breakdown of repeat users, the types of screenings conducted or the number of people subsequently referred for medical consultations. Screening volume alone does not establish diagnostic accuracy or improved patient outcomes. Clinics On Cloud
There are also questions about the operational requirements of scaling a kiosk-based healthcare network. Physical devices need maintenance, calibration, connectivity, consumables and appropriate operating procedures. Their availability alone does not guarantee that users receive the necessary follow-up care when an abnormal result is identified. The funding announcement does not disclose detailed network-wide service availability or follow-up metrics. Foundra
Finally, independent evaluations of the company's AI-assisted health analysis and screening accuracy have not been established by the sources reviewed. The effectiveness of such systems depends on medical-device performance, reliable measurements, suitable algorithms and appropriate clinical oversight. These are important areas to assess as the company expands into new markets. Clinics On Cloud Health Kiosk documentation
Why Does It Matter?
Healthcare accessibility remains an important challenge in areas where hospitals, diagnostic centres and specialist services are not easily reachable. Smart healthcare kiosks offer an alternative way to provide basic preventive screening in workplaces, community locations and semi-urban or rural settings.
Instead of requiring every individual to travel to a diagnostic centre for basic measurements, a connected kiosk can collect several parameters at a nearby location and provide a digital report. When supported by appropriate teleconsultation and referral services, this model could help people identify potential health concerns earlier and access further medical guidance. Foundra
The approach also offers potential value to hospitals, government healthcare programmes and corporate organisations. Healthcare providers can use connected screening infrastructure for community outreach, employee wellness programmes and temporary medical facilities without establishing a complete hospital in every location. However, the value of these deployments depends on reliable operations and access to qualified medical professionals when intervention is required. Inc42
The funding also highlights investor interest in healthcare infrastructure rather than only consumer-facing health applications. Clinics On Cloud's model combines physical devices, digital reporting, AI-assisted analysis and telemedicine. This creates an opportunity to build a distributed healthcare service network, although scaling hardware-based healthcare businesses involves different costs and operational challenges from scaling software-only companies. Elets eHealth
Our Analysis
Clinics On Cloud's first institutional funding round is significant because it demonstrates how a healthcare startup can build a business around physical infrastructure instead of relying entirely on applications or online consultations.
Its eight-year bootstrapped journey suggests that the company spent considerable time developing its products and deployment network before bringing in an institutional investor. The reported 3,500-plus installations and 12 million-plus screenings indicate operating scale, although these company-reported figures do not independently establish the quality or clinical impact of the services.
The more important opportunity lies in combining screening infrastructure with a dependable healthcare follow-up system.
Consider a person using a Health ATM in a semi-urban community. The kiosk may record elevated blood pressure and generate a digital report. However, the real healthcare value comes from what happens next: whether the person understands the result, receives appropriate medical advice and can access further examination or treatment when necessary.
This distinction matters because collecting health measurements and delivering healthcare are not the same thing. A successful micro clinic model needs to connect devices, data, healthcare professionals and referral systems. Foundra's independent analysis
The company's expansion plans also introduce a hardware challenge. Increasing installations requires manufacturing capacity, technical support, equipment maintenance and compliance with medical-device requirements in each market. Unlike a purely digital platform, every additional physical deployment creates operational responsibilities that must be managed consistently.
Its investment in AI could make the platform more useful by simplifying health reports, identifying potential risk indicators and supporting healthcare professionals. However, these capabilities will need measurable clinical validation and appropriate medical oversight before they can be treated as reliable diagnostic improvements. Clinics On Cloud product documentation
The larger takeaway: Clinics On Cloud's ₹120 crore Series A is an important milestone for India's connected healthcare infrastructure sector. Its opportunity is to make preventive screening more accessible through distributed health kiosks and micro clinics. Its long-term success, however, will depend not just on the number of machines installed, but on reliable screening, clinical follow-up, operational efficiency and measurable improvements in healthcare access.
Sources and References
Clinics On Cloud Raises ₹120 Crore in Series A Funding from Model42 at a ₹600 Crore Valuation
Clinics On Cloud Bags ₹120 Cr to Take Its Health ATMs Global
After 8 Bootstrapped Years, Health ATM Maker Clinics On Cloud Raises Rs 120 Crore at Rs 600 Crore Valuation
Clinics On Cloud Health Kiosk — Product Documentation
Our Story — Building the Infrastructure Layer for the Global Micro clinic Economy
Health ATM Pioneer Clinics On Cloud Raises ₹120 Crore Series A to Build AI-Enabled Global Micro clinics
Clinics On Cloud's ₹120 Crore Round Puts the Follow-Through After a Health Check in Focus
Clinics On Cloud — Official Website
Vicky Galfat
University of Mumbai/BCA
Learning, building, and exploring the world of technology one project at a time.
