India Dealbook: Agfa HealthCare picks 27% stake in MphRx; Saral Designs gets angel funding; Saïd funds Moodoo

Agfa HealthCare, a part of Belgium-based Agfa-Gevaert Group, has picked up a 27 per cent stake in healthcare IT startup MphRx for an undisclosed amount. In a separate deal, Saral Designs, a product driven start-up making affordable and high quality menstrual hygiene products, has secured angel funding from prominent investors in the Powai Valley. Moodoo, an app that enables meet-ups between friends, has raised seed funding from University of Oxford’s Saïd Business School Seed Fund.

Belgium’s Agfa HealthCare picks 27% stake in MphRx

Agfa HealthCare, a part of Belgium-based Agfa-Gevaert Group, has picked up a 27 per cent stake in healthcare IT startup MphRx for an undisclosed amount, as per a statement.

As part of the deal, both companies have created a patient centric and agile portal for Integrated Care that can be used by care providers ranging from single facilities to large regional deployments. Additional functionalities will be added to the portfolio in the upcoming months, the statement added.

“We are excited to partner with Agfa HealthCare, a leading global conglomerate in the Healthcare IT industry. We are currently deployed across numerous large health systems worldwide, with millions of patient records being aggregated in our platform and expect those numbers to grow significantly with this alliance,” said Mahesh Uberoi, president and CEO, MphRx.

MphRx has developed an interoperable platform that improves care delivery and patient outcomes. The platform is being leveraged by over 250k+ physicians, helping them manage over 40 million patient records across health systems in the US, Europe and Asia.

Saral Designs gets funds from Powai Valley investors

Saral Designs, a product driven start-up making affordable and high quality menstrual hygiene products, has raised an undisclosed amount in angel funding from prominent investors in the Powai Valley, according to a statement.

The investors include Farooq Adam, founder of Fynd and Ambi Parameswaran, advisor and former CEO of FCB Ulka Advertising.

Saral has developed a low-cost process (machine designed and developed in-house) for manufacturing high quality sanitary napkins at a decentralized level. Decentralization cuts down several middle-men in the process of distribution. Additionally, these units are replicable and can be set-up at costs Rs 10 lakhs, making scaling to different geographies easy.

“Hygienic menstrual protection is a basic need for every woman, absence of which has led to 70% women in India contracting reproductive tract infections. There is a huge potential for good quality products at the right price coupled with an innovative distribution strategy to reach out to the 312 million under-served women of India,” said Suhani Mohan, co-founder, Saral Designs.

Founded by IITians Mohan and Kartik Mehta last year, the company has launched ‘Aisha Ultra XL’ sanitary napkins that are ultra-thin pads with wings. Apart from regular channels of distribution, Aisha Ultra XL pads are being made available to school/college girls via vending machines, providing the girls with easy access and privacy.

Moodoo raises seed funding

Moodoo, an app that enables meet-ups with nearby friends who want to do similar things, has raised £20,000 ($28,000) in seed funding from the University of Oxford’s Saïd Business School Seed Fund.

The app, founded by Lucy Gadkari and Vaibhav Sinha, is scheduled for a February launch on both iOS and Android platforms. Arjun Gadkari, president of Mumbai-based Nilgai Foods, is an advisor to the startup.

Gadkari is a graduate of University of Oxford and has worked with FITCH, a retail consultancy firm, and M&C Saatchi, an advertising agency. Sinha is a IIT Delhi graduate, and has worked with Victoria Albi Cosmetics, MaxTech Resources, and PhiStream Consulting in the past.

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