This latest investment by Tata marks his fourth in overseas companies. Apart from MUrgency, Tata’s overseas investments include Boston-based wind energy startup Altaeros Energies, China’s largest smartphone maker Xiaomi and Singapore-based Crayon Data, a big data analytics firm.
Founded in 2014 in the Valley and incubated in Stanford ChangeLabs, the company launched its services in India in February 2016. In April, MUrgency raised funding from Infosys co-founders Kris Gopalakrishnan and S D Shibulal’s Axilor Ventures. The amount of funding from Axilor was also not disclosed.
“He (Ratan Tata) clearly wanted us to launch and grow the network in India first before taking it overseas. Tata’s investment in MUrgency will help attract leading talent to the company and major partnerships beyond India,” said Shaffi Mather, founder of MUrgency.
MUrgency, was first launched in Punjab earlier this year in February and claims to have developed a network of 36 hospital emergency rooms, over 40 ambulances and 350 medical professionals. MUrgency said that the average response time for patients seeking medical help during trial runs was less than 10 minutes.
The company plans to use this latest round of funding to expand its service to Amritsar and Jalandhar by the end of May and will service the entire state of Punjab by June.
MUrgency aims to make its service available across India by 2018 and across the world by 2020.
Tata, who emerged as one of the most active investors in the country has already made over 10 investments in startups in 2016 and over 30 investments so far.