Insurtech company, Acko has acquired the healthtech firm, OneCare founded by Dr. Rakesh Shivran and Sagar Bhat.
OneCare is focused on creating a tech-enabled healthcare ecosystem and on changing the way patients receive care for complex diseases.
Shivran has been the CEO and Co-founder at OneCare since May 2021. Prior to this, he was working as AVP Products and Business Head, Core Leadership Team at Practo. On the other hand, Bhat worked with Ola Electric Mobility as Senior Director Operations, from April 2018 to February 2021, before joining OneCare.
Acko is an Insurtech firm founded by Varun Dua and Ruchi Deepak in 2016. Dua was the CEO of Coverfox Insurance before Acko. He was also the Co-founder of GlitterBug Technologies from November 2010 to May 2013. Deepak is also the Founder of another venture- Jolene. She was the founder and CEO for Airloom Lifestyle.
Dua in a LinkedIn post said expressed his enthusiasm regarding the acquisition, saying, “We’re absolutely thrilled to announce that Dr. Rakesh Shivran Sagar Bhat and the amazing OneCare team have joined Acko. Your top-notch clinical know-how, customer love, and superhero-level dedication to improving health outcomes have always been on our wishlist – and now it’s a reality. We can’t wait to see what kind of healthcare magic we’ll create together. Buckle up, OneCare team – it’s going to be an epic ride.”
Shivran also posted on LinkedIn, “I’m thrilled to announce that OneCare is now part of Acko! We started OneCare 3 years ago with the vision of transforming every clinic into a 10x better clinic for chronic disease patients. Our goal was to upgrade the core healthcare infrastructure with tech, not just launch another care plan.”
He continued, “It’s been an incredible journey towards that mission with a truly amazing partner, Sagar Bhat. I am just so grateful that we get to continue working together.”
He said, “Now, we continue our mission with Acko – an even bigger, super-charged mission to create a new healthcare ecosystem for millions of Indians. Looking forward to have an amazing time doing it with Varun Dua and Vishwanath Ramarao – Thanks for making us part of Acko’s rocketship.”
“The entire OneCare team moves to Acko. We loved building this awesome team and going through all the ups and downs together. A more exciting journey ahead together,” he said.
