Monday, May 20

Tag: medical

Medical Online Venture MedikaBazaar Raises $15.8 Million Funding
FUNDING

Medical Online Venture MedikaBazaar Raises $15.8 Million Funding

Medical supply company Medikabazaar has raised $15.8 million (Rs 112 crore) Series B funding from a clutch of investors from Belgium, Japan and India with an eye on business expansion. The Series B funding round was led by healthcare centric VC firm, Health Quad, Belgian group Ackermans and van Haaren, Japanese investors Rebright Partners and Toppan Printing Co, the company said in a statement. "We have 17 fulfillment centers pan-India, and the current investment will help us grow this number over the next few years by establishing a larger number of distribution hubs," Vivek Tiwari, founder, and CEO of MedikaBazaar said. Existing investors CBC co, Elan Corporation, Mitsui Sumitomo Insurance Venture Capital, Kois Invest from Belgium, angel investors Sunil Kalra and Arun Venkata...
Strand Life Sciences to Acquire Medical Arm of Quest Diagnostics
ACQUISITION

Strand Life Sciences to Acquire Medical Arm of Quest Diagnostics

Bengaluru-based silico technology company Strand Life Sciences Pvt. Ltd has entered a deal to acquire the India medical diagnostics business of New York Stock Exchange-listed Quest Diagnostics Inc. However, the financial details of the deal have not been disclosed yet. Ramesh Hariharan, CEO at Strand Life stated that the deal will add strong North India presence and marquee clientele that includes hospital chains, corporate houses and pharmaceutical companies to the company’s portfolio. “This acquisition is an important addition to our network of 24 diagnostic labs across India, especially as we continue to expand our work in oncology, genomics, and precision medicine,” Ramesh Hariharan, CEO at Strand Life, said. On the other hand, Quest has a 65,000-square-feet laboratory in Gurugam....
Why We Must Buy Travel Insurance?
BLOGS

Why We Must Buy Travel Insurance?

You are not alone if you are ignoring travel insurance while booking the ticket for your upcoming trip. In fact, 90 percent of Indian travellers going abroad know about travel insurance, but only 2 to 5 percent of them prefer to buy one. Usually, people in India do not buy travel insurance unless the country they are travelling makes the policy mandatory. Just because vacation is associated with fun and pleasure, it doesn’t mean, nothing bad will happen during a journey. Remember, travel comes with its fair share of risks, and it is always good to buy travel insurance to have a fun-filled and peaceful trip. Remember an indian evisa if you are planning to travel abroad! Here are a few reasons due to which you should consider buying a travel insurance before your next trip: Lo...
Hyderabad Based Oxa Medical Secures Funding From Idein Ventures, Aims to Reshape Medical Tourism to India
FUNDING

Hyderabad Based Oxa Medical Secures Funding From Idein Ventures, Aims to Reshape Medical Tourism to India

Healthcare startup Oxa, focused on healthcare treatment globally through individually curated medical tourism packages, has secured an undisclosed amount in seed funding from UAE based Idein Ventures. It aims to use the investment to build its technology stack and build its operations in Hyderabad. It is currently focusing on medical tourism to India and has global plans in pipeline. Oxa was founded in December last year, as an offline medical tourism company, but is building itself as a connected healthcare eco-system around the globe. Recently, specialty hospitals have helped create treatment hubs in India, leading to an inflow of foreign patients from Africa, Afghanistan, Bangladesh, USA and UK, among others. India is currently the second biggest medical tourism destination after Th...
India’s First Curated Wellness Advisory Marketplace, ZingUpLife is Disrupting the Traditional Wellness Services Consumption Model
Story

India’s First Curated Wellness Advisory Marketplace, ZingUpLife is Disrupting the Traditional Wellness Services Consumption Model

Personal wellbeing has, for many decades in India, been linked with the absence of illness. Treating and preventing illness has been the focus of our organized healthcare industry and consumer behaviour has also modelled itself around this reactive framework. The few online health and fitness platforms available are also built around the directory model, where consumers discover services and access them online or offline. Now a Bangalore based young start-up is quietly changing this entire paradigm of health and wellness services consumption in the country. Focusing first on self-discovery of an individual’s wellness status using a battery of first-in-class online tools, ZingUpLife builds an incremental model of wellness consumption that emphasizes on empowering the consumer through in...
18 Year Old Raises 1 Cr Funding For His Health Tech Startup Cureinstant
FUNDING

18 Year Old Raises 1 Cr Funding For His Health Tech Startup Cureinstant

Age is just a number and sometimes people like Hamraj Kumar proves this true. This 18 year old boy has not only thought to change something big in healthcare sector but is also working hard towards making it a reality. Every one of us is afraid to do something early in our life because of the fear to fail due to inexperience. Hamraj has proved all of this wrong and is firmly moving towards his goal. He started a company named Cureinstant to make our life better. The inception of the idea was based on a mere fact that when in this social world everything around us is social then why not our health. We humans have been bestowed upon by the almighty a great sense of responsibility. People like Hamraj makes it more firm. There are problems in everyone’s life but the biggest problem of ...
Ratan Tata Invested in Medical Startup MUrgency Inc
FUNDING

Ratan Tata Invested in Medical Startup MUrgency Inc

Tata Sons Chairman Emeritus has invested in San Francisco-based medical emergency response MUrgency Inc. Financial details of the deal were not disclosed. "He (Tata) clearly wanted us to launch and grow the network in India first before taking it overseas. Mr Tata's investment in MUrgency will help attract leading talent to the company and major partnerships beyond India," MUrgency Inc Fonder Shaffi Mather said in a statement. Founded in 2014 in Silicon Valley and incubated out of Stanford ChangeLabs, MUrgency recently received investments from Kris Gopalakrishnan and S D Shibulal led Axilor Ventures. The company launched its service in Tricity area in Punjab on February 16, with a responder network of 36 hospital emergency rooms, over 40 ambulances and more than 350 me...
This Idea Can Save 125,000 Life in The United States Annually
Story

This Idea Can Save 125,000 Life in The United States Annually

This is a story of how a new medical adherence and management, TrackMyStack.com -- designed to help people manage their regimen for their health condition is helping patients quickly learn about alternatives for their treatment and discover other’s going through the exact same thing as them. About 125,000 deaths occur annually in the United States alone due to non-adherence to medical treatments. Now that I've got your attention (hopefully!) let me tell you more about what adherence means in this context, it means taking the right dose at the right time at the right frequency, consistently till required. The reason people become non-adherents is because they either forget to take their medication, run out of it, patients feeling like it is ineffective or because of side effects. The ...
This Healthcare Start-up Completed 30,000 Registrations in Three Months
Story

This Healthcare Start-up Completed 30,000 Registrations in Three Months

Recently launched professional networking platform for accredited medical practitioners, eMediNexus has completed 30,000 registrations in a nominal period of three months. With the promise of providing the latest developments in medicine as well as helping doctors regularly update their knowledge, eMediNexus reaches over 2 lakh doctors on a daily basis through its e-newspaper eMediNews. Working at the intersection of clinical learning, networking, and advocacy needs of the medical profession, this platform has within a very short period of time established itself as a consolidated voice of doctors in India. In fact, it has seen great success in digital advocacy having had successfully run the IMA Satyagraha campaign with the Indian Medical Association aimed at garnering support of...
Meet Manisha Who Changed India’s Medical Advisory Service
Story

Meet Manisha Who Changed India’s Medical Advisory Service

As rightly it is being said, “Good health leads to good brain and good brains leads to good life.” And we all know how important it is to stay healthy and stay fit. In this era of being busy and running after other luxuries, we often forget what it is to stay in good shape. We over tire our bodies, extend them beyond their limits and often which leads to its malfunctioning. Our bodies are like the engines that are ready to drive you all way around and over usage often leads to its breakdown. People often are so busy that they forget the illness of their bodies and keep on working on their routines. They usually don’t have time to take a doctor’s appointment and see them on their illness. In this fast moving word, we often fail to act that fast when it comes to sickness of our bodies. ...