1. Mediangels to raise $5 million in 2 months

Mediangels to raise $5 million in 2 months

Mumbai-based Angels Health Pvt, which runs Mediangels.com, an online platform that allows patients to consult specialised doctors...

By: | Hyderabad | Published: August 21, 2015 12:39 AM

Mumbai-based Angels Health Pvt, which runs Mediangels.com, an online platform that allows patients to consult specialised doctors from across the globe, will raise $5 million in the next two months to fund expansion plans. The
e-hospital company is planning to expand in West Asia and South East Asian countries to offer what it calls a one-stop source for medical second opinion and online medical advices.

The four-year-old start-up provides services including online video consultation and online medical records. Voted as  the most innovative start-up in the entire APAC region in 2012 by Intel, it is funded by marquee investors which include HDFC Holdings, VentureEast, Technology Development Board by the Department of Science and Technology and a Singapore-based fund. Says Dr Debraj Shome, Founder and CEO, also a facial plastic surgeon: “E-healthcare is the next bet in the e-commerce story. We have raised Rs 7 crore from existing investors and will raise the next level funds of  $5 million in two months.”

“Being a medical expertise company, Mediangels aims to match the best doctor to every disease. To set up a tertiary hospital in every district in the country is a daunting task for the government which would cost about $1 trillion.

Hence, e-healthcare becomes the best option. The health professionals that form the core team of Mediangels are in tune with the changing dynamics of medical practice worldwide and the modern-day consumer’s expectations from healthcare,” he said.

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