The company has raised approx $2,00,000 from reputed angel investors in India and abroad in fifth round of funding, taking total funding to more than $ 0.5 million
Medinfi Healthcare has raised approx $2,00,000 (Rs 1.5 Crores) of fresh angel funding from reputed professionals like Mudit Saxena, Senior Vice President, Genpact and Evan Lim (Singapore). Existing Directors like Hemant Kaul, ex-CEO, Bajaj Allianz General Insurance and and Dr Ram Kumar Kakani, Professor, XLRI, have re-invested in this round of angel funding. With this funding, the company has so far raised more than $0.5 million (approx Rs 4 Crores) in angel funding.
This round of funding comes soon after company’s selection for Red Herring Award 2016 finals in Manila, Philippines for Top 100 start-ups in Asia. The company was also chosen by Aditya Birla Group recently in its Bizlabs Core Program 2016 for top healthcare technology start-ups.
Medinfi intends to use the funds to grow its user base to 5,00,000 from 50,000 currently. The company wants to extend its services for the users in 50 Indian cities, up from 12 cities at present, and may explore South East Asian countries including Singapore. It also plans to serve the users of iPhone by launching iOS mobile application by December 2016.
According to Ravi Shankar Mishra, Founder and CEO, Medinfi, “Medinfiis is overwhelmed by the response from global angel investors in this round. We shall remain committed to offer verified information to our users for taking healthcare decisions online and expand our services to many more users across India and South East Asia.”
In past, Medinfi was selected in top 100 digital health start-ups globally by Interface Health Excellence (IHX), Canada and was selected for Facebook’s FBStart and Social Good Programs.
EH News Bureau