India Dealbook: MyDoc, Hetrogenous Communications raise funding

Digital healthcare firm MyDoc has raised an undisclosed amount of funding from US-based UST Global. Also, IoT startup Hetrogenous Communications has received Rs 5 crore (around $780,000) in fresh funding from The Chennai Angels, Keiretsu Forum and a group of individual investors.

Digital healthcare firm MyDoc raises funding from UST Global

Digital healthcare firm MyDoc, which connects patients and healthcare providers, has raised an undisclosed amount of funding from UST Global, a US-based digital and IT services firm, according to a press note.

The investment will help the US-based company to expand its digital offerings in healthcare, focusing on Asian and European markets.

Singapore-based MyDoc will use the proceeds for its ongoing initiative to drive population-wide digital health programmes, including disease management and health data tracking.

“UST, with its global presence, vast customer base and domain expertise in the healthcare space, will be an ideal partner to help expand MyDoc’s reach governments and customers across Asia. In addition, UST’s artificial intelligence and cloud capabilities will power the MyDoc platform to expand its offerings,” said Krishna Sudheendra, CFO of UST Global.

Hetrogenous Communications secures $78k from Chennai Angels, others

Telecom and internet-of-things (IoT) startup Hetrogenous Communications Technologies Pvt. Ltd has raised Rs 5 crore (around $780,000) from The Chennai Angels, Keiretsu Forum and a group of individual investors, as per a statement.

“The investment will help us scale our remote infrastructure management solution in the telecom sector… It will also help us in expanding into other markets including Singapore, Malaysia, Africa, Latin America and the Middle East,” said Anush Gopalan, chairman of Hetrogenous Communications.

Hetrogenous Communications Technologies started out as Chennai-based company that offers M2M products and solutions for the Indian market. In 2006, Hetrogenous Inc. was incorporated in US with the goal of offering its technology solutions and services to the North and South American markets.

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