Tuesday, November 5

Tag: Healthtech

Healthtech Startup mfine Raises $17.2 Million in Series B round
23Apr By NitishNo Comments
FUNDING

Healthtech Startup mfine Raises $17.2 Million in Series B round

mfine, a health-tech AI startup raises $17.2 million in Series B funding led by Japan-based venture capital firm and SBI investment. Singapore-based SBI Ven Capital which is SBI Group's Southeast-Asian investment arm and tech-focused global venture capital firm BEENEXT also participated in the round alongside existing investors, Stellaris Venture Partners and Prime Venture Partners.  Over 100,000 customers have consulted on mfine in the last 15 months and customer base is growing 30% month over month. More than 500 MD/MS doctors, including some of India's top doctors from over 100 reputed hospitals practice across 20 specialties on mfine. Collectively, they have been able to expand their reach beyond the physical boundaries of the cities and have served over 800 towns in India. On ...
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Health Tech Firm CitiusTech Eyes $500M Revenue in Five Years
20Nov By Gauri SinghNo Comments
BUSINESS

Health Tech Firm CitiusTech Eyes $500M Revenue in Five Years

Healthcare technology firm CitiusTech is looking to more than double its revenue to $500 million in five years on the back of growing investments by hospitals, insurance firms and service providers in the US and Europe in harnessing data to improve services. The firm expects to close this fiscal with revenues of $175-180 million, including income from FluidEdge, which it acquired earlier this year. “We have been growing at 25% annually over the last few years, so even if we continue to grow at this rate, we would reach our goal of becoming a $500 million company in five years,” said CitiusTech CEO Rizwan Koita.  The company has just set up an advisory board comprising veterans from the healthcare industry to offer strategic guidance to the management to drive innovation across key...
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China’s Tencent Partners with a UK Firm to Boost AI in Health Space
10Oct By Gauri SinghNo Comments
CHINA

China’s Tencent Partners with a UK Firm to Boost AI in Health Space

China’s Tencent Holdings is tying up with a technology firm from the United Kingdom called Medopad Ltd to use artificial intelligence for the purpose of improving Parkinson's disease treatment. The company is collaborating with Medopad to develop a system to remotely monitor patients with severe movement disorder. The company said that the basic goal is to allow doctors to set drug doses and modify care without patients having to go to the hospital. Healthcare is increasingly "not only about what happens in the clinic, but what happens in the real world", Wei Fan, Tencent's executive director for medical AI research said. "The reason we want to work with Medopad is they're experts in monitoring patients." Founded in 2011, Medopad has received funding from German pharmaceuticals firm B...
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Health-tech Startup Founded by Former Myntra Execs Raises Funding
18May By Sheldan RungasamyNo Comments
FUNDING

Health-tech Startup Founded by Former Myntra Execs Raises Funding

Mfine, a health-tech startup focused predominantly in Artificial Intelligence recently raised a Series A funding round of $4.2 Mn led by Prime Venture Partners. This round of funding also saw the participation of existing investors such as Stellaris Venture Partners and Mayur Abhaya who is also an entrepreneur in healthcare. This is the second time that the company is raising funds, having previously raised $1.5 Mn from Stellaris Venture Partners in September 2017. The funds raised will serve the purpose of building the hospital networks across cities while strengthening the team behind the manufacturing of the technology. It is also targeting making over 1-lakh consultations coming end of 2018 and sign partnership deals with 50 additional hospitals in India. Mfine saw the day in ...
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Rural Health-Tech Startup Raises Rs 3 Crore
21Mar By Sheldan RungasamyNo Comments
FUNDING

Rural Health-Tech Startup Raises Rs 3 Crore

Karma Healthcare, a health tech startup received Rs 3 crore as stock funds from early stage investment firm 1Crowd, existing investors comprising of Ankur Capital, Ennovent Capital and Beyond capital, and informal investors in a bid to scale operations and improve their technology. "We are grateful to all our investors for reposing faith and commitment in our work. This new funding will help us scale our operations as well as enhance our technology offering to improve quality of care and provide great patient experience," said Jagdeep Gambhir, CEO of Karma Healthcare.   The company aims at offering high-quality, cheat, equal and consistent healthcare to the under served population with a different business model. By combining the human care of a nurse and the potential of...
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Online Pharmacy Netmeds Raises $14M Funding
31Oct By Press Trust of IndiaNo Comments
FUNDING

Online Pharmacy Netmeds Raises $14M Funding

Online pharmacy Netmeds has raised USD 14 million (over Rs 90 crore) in the latest round of funding from Cambodian investment holding company Tanncam and venture firm Sistema Asia Fund. Tanncam and Sistema will join early investors investment bank MAPE and OrbiMed Asia, along with Pradeep Dadha and his family, as stakeholders in the company, Netmeds said in a statement. Netmeds CEO Pradeep Dadha said: "We believe that this round of funding reflects a renewed confidence in the industry and its future, brought about by both GST and the governments release of the draft of rules governing online pharmacies." The investment will be used to continue to build upon Netmeds consumer base and expand its reach to more locations in the country, he added. Also Recommended Russian Groups...
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On-demand Ambulance Service Startup StanPlus Raises $1.1 Mn Seed Funding
13Oct By RishabhNo Comments
FUNDING

On-demand Ambulance Service Startup StanPlus Raises $1.1 Mn Seed Funding

Hyderabad based on-demand ambulance service startup announced that it raised an investment of $1.1 million seed funding from Kalaari Capital’s Seed Fund Kstart and INSEAD Angels Asia. The round also saw participation from CM Diamant, a chain of medical centres and hospital in Canada and Africa. The funds will be utilised to increase StanPlus'  Advance-Life Support fleet and expand across geographies, innovation and to cover all medical transportation categories in near future. The funding will also be utilised to augment the technology front. "StanPlus’ approach to medical transportation is enterprising," says Muthiah Venkateswaran, Partner at Kstart, a seed fund initiative of Kalaari Capital, one of India’s leading Venture Capital firms. Founded in 2016 by three INSEAD MBA graduates ...
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SigTuple Raises $5.8 Million in Series A funding From Sachin & Binny Bansal
13Feb By PriyankaNo Comments
FUNDING

SigTuple Raises $5.8 Million in Series A funding From Sachin & Binny Bansal

SigTuple, a bangalore-based healthtech startup has raised USD 5.8 million in Series A funding led by Accel Partners Sachin Bansal, Binny Bansal and Amit Singhal & Others. The company provides a data driven, machine-learned, cloud-based solution to improve the accuracy and efficiency in disease diagnosis. To gain insights from data the company have a machine learning platform called Kurma. Founded by three IITians Rohit, Apurv and Tathagato, SigTuple plans to revolutionise global healthcare space through data driven intelligence. The startup also raised USD 740,000 in October 2015 from Sachin Bansal, Binny Bansal, Accel Partners, Ashok Bareja, Dr. Nirupa Bareja and Debanjan Mukherjee. “Our goal is to develop intelligent, scalable and affordable disease screening solutions which...
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Healthtech Startup Idea Bubbles Raises INR 4.5 Crores Led by the IvyCamp Platform
24Nov By NitishNo Comments
FUNDING

Healthtech Startup Idea Bubbles Raises INR 4.5 Crores Led by the IvyCamp Platform

Healthtech startup Idea Bubbles has raised a Pre-Series A round of INR 4.5 Cr led by the IvyCamp platform. Idea Bubbles was founded in 2014 by IIT Delhi-IIM Calcutta alumnus and serial entrepreneur Gururaj Potnis. It has developed ‘Eureka Forbes Good Health’ (EFGH) platform that enables doctors to offer patients tele-consultation services underpinned with several offerings such as digitized medical records. Idea Bubbles has over 12,000 patients and 600 doctors on its roster and has completed 1,000 transactions. This fund raise was facilitated by IvyCamp, a Unified Innovation and Entrepreneurship Platform, that leverages the Global Alumni Networks to help entrepreneurs become successful. Eureka Forbes was one of the key investors which participated in this round facilitated by IvyCamp...
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