Kaalakaandi Box Office Collection Day 1: Saif Ali Khan’s Film Gets A ‘Slow Start,’ Collects…

Kaalakaandi Box Office Collection Day 1: Saif Ali Khan's Film Gets A 'Slow Start,' Collects...

Box Office: Kaalakaandi: Saif Ali Khan in the film. (Image courtesy: Kaalakaandi Film)

NEW DELHI: 

HIGHLIGHTS

  1. Kaalakaandi features Saif Ali Khan in the lead role
  2. The film grosses Rs. One crore
  3. The film also stars Deepak Dobriyal

Saif Ali Khan’s latest release Kaalakaandi, which opened to positive reviews on Friday, has ‘grossed one crore net’ at the box office on Day 1, Box Office India reported. The film stars Saif Ali Khan as the protagonist, who has been diagnosed with stomach cancer. Saif’s character does not have much time in hand and he realises that he should make the most of the remaining days. Box Office India also reports that because the film is set in the backdrop of Mumbai, it has performed a little better in Mumbai and Pune as compared to other cities. Earlier, of Kaalakaandi, film distributor Akshaye Rathi told Indian Express that the film will perhaps manage a score of Rs.1.5 crores on opening day and that the first weekend collections will be limited to single figures.

Kaalakaandi released at the box office with Anurag Kashyap’s Mukkabaaz and Zareen Khan’s 1921.

1921 was the best out of the three films with collections set to be in the 1.50 crore net range, reported Box Office India while Mukkabaaz had the lowest number with around 75  lakhs net.

In his review for NDTV, film critic Saibal Chatterjee gave Saif’s film 3 stars out of 5. “For cinema trivia geeks, Kaalakaandi is strewn with interesting takeaways. The principal protagonist (Saif Ali Khan), who like the conscientious but dull bureaucrat Watanabe in the Akira Kurosawa classic Ikiru, is diagnosed with stomach cancer and given only a few months to live. The multiple tales unfold in parallel arcs. It is only in the penultimate scenes and a zany final shot that the plot connects a few of the characters but only in a tenuous manner. Kaalakaandi takes a while to warm up but when it does it sets a lively pace, especially in the second half,” he wrote.

Apart from Saif Ali Khan, Kaalakaandi also stars actors like Deepak Dobriyal, Vijay Raaz and Kunaal Roy Kapur.

[“Source-ndtv”]

Care24 raises $4 million from SAIF Partners, India Quotient

Care24 claims to handle 350-400 daily visits to patients’ homes with almost 500 care-givers on board.

Care24 claims to handle 350-400 daily visits to patients’ homes with almost 500 care-givers on board.

New Delhi: Aegis Care Advisors, which runs home healthcare service provider Care24, has raised $4 million in a fresh round of funding led by venture capital firm SAIF Partners.

Existing investor India Quotient also participated in the round, chief executive officer Vipin Pathak said on Wednesday. The one-year-old company raised $350,000 from India Quotient in September.

Aegis Care will use the fund in enhancing its technology and training service providers who visit patients. The company offers home care visits by nurses, physiotherapists and attendants. The services offered include post discharge care, chronic pain care, bedridden care, physiotherapy, infant care, pre and post natal care, everyday nurses, long term care and assisted living.

These care givers are verified and trained by the company. The training session includes softskill, medical and counselling trainings for one week. These people however need to have a prior two years of experience in the healthcare domain.

Care24 claims to handle 350-400 daily visits to patients’ homes with almost 500 care-givers on board. Overall, it claims to have attended 3,000 patients so far. The target is to cater to one million patients in the next three years.

According to the company, currently almost 80% of the business is coming from geriatric cases—taking care of elderly people. The rest comes from patients with chronic pain and post discharge care.

The company is also planning to add travel assistants for patients who do not have family members to take them to the hospital or bring them back to home etc.

Care24 charges anywhere between Rs.500-800 for one hour visit of a physiotherapist. Long term nurse fee ranges between Rs.25,000-40,000 per month, while an attendant would charge Rs.450-650 for a 12 hour service. The company earns monthly revenue of Rs.50-60 lakh.

“The home healthcare sector is already $2.5 billion and growing because of the demographic shift, convenience, cost and increasing income levels. It is expected to grow to $10 billion in next 5-7 years. Favourable regulatory changes like insurance coverage, taxation and government push would further boost the sector growth,” said Pathak.

Founded in December 2014 by Indian Institute of Technology alumni Pathak, Abhishek Tiwari, Pranshu Sharma and Garima Tripathi, Care24 competes with Portea (HealthVista India Pvt. Ltd) which in September last year raised $37.5 million in a Series B funding round led by Accel Partners, with participation from International Finance Corp. (IFC), a member of the World Bank Group, Qualcomm Ventures and Ventureast.

However, while Portea operates across 24 cities, Care24 says that currently it plans to strengthen business in Mumbai. It will expand to other cities only after three months. Industry estimates pegged the home healthcare market in India at more than $2.5 billion.

“Home healthcare market is a large opportunity waiting for organized plays who not just deliver better operations but bring to bear a new approach to the space including leveraging technology, thereby creating a superior value proposition,” said Mridul Arora, principle, SAIF Partners.

[“source-Livemint”]