Continuing his investment spree in the Indian start-ups, Tata Sons chairman Emeritus Ratan Tata has now invested an undisclosed amount in San Francisco-based medical emergency response start-up MUrgency Inc.
Earlier this year, Tata had invested in coupons start-up CashKaro.com, Tracxn, a startup intelligence and market research platform and in Dogspot.in, an online pet care company.
MUrgency, founded in 2014 by Indian Social Entrepreneur Shaffi Mather in Silicon Valley and incubated out of Stanford ChangeLabs, recently received investment from Kris Gopalakrishnan and SD Shibulal led Axilor Ventures.
MUrgency will use the proceeds of the funding to augment technology and scale operations besides leveraging Tata’s experience and network as a global business leader to develop the emergency response network globally through appropriate partnerships, the company said in a statement.
Commenting on the development, Shaffi Mather, founder, MUrgency Inc said, “Tata’s involvement is an affirmation of the importance of a reliable emergency medical response network for the world and of course India to save lives which are otherwise lost for want of timely medical attention. He clearly wanted us to launch and grow the network in India first before taking it overseas.”
Ratan Tata has made more than 25 investments in start-ups in the last two years. His portfolio in the healthcare start-ups include Lybrate, an online doctor consulting start-up, Swasth India, a start-up which focusses on cancer treatment and health data analytics and Invictus Oncology, a cancer therapeutic start-up.
MUrgency launched their service in the TriCity area in Punjab in February this year with a network of 36 hospital emergency rooms, 40+ ambulances and 350+ medical professionals.