India: Healthcare app provider Medinfi raises funds from individual investors

Photo: Mint

Medinfi Healthcare Pvt. Limited, which provides an Android app to help users locate the nearest doctors and hospitals for their everyday check-ups, on Thursday said it had raised Rs.2 crore from individual investors and entrepreneurs.

The investors include Ram Kumar Kakani, professor at management institute XLRI, Pradeep K. Jaisingh, chairman, Healthstart; Sunil T V, co-founder, IVFA; Vijay Ghadge, COO, Gojavas, Hemant Kaul , ex-CEO & MD of Bajaj Allianz General Insurance and Gurmeet Chahal, senior vice-president and head of healthcare at HCL Technologies Ltd, among others.

The company intends to use the funds for launching mobile application for iPhone users, apart from expanding its operations to 10 Indian cities over the next three months.

The company, which is looking to expand its team, was started by Ravi Shankar Mishra in July last year. Prior to forming the company, Mishra, who is a graduate from Birla Institute of Technology, Ranchi, and a post graduate from XLRI, Jamshedpur, spent one-and-half-years on market research.

“We have always thrived to offer genuine and trustworthy information to our users. With this funding, we would be able to further strengthen our content operations in multiple cities while also scaling our user base to both Android as well as iOS users in these cities,” said Mishra.

Earlier this year, the company was selected by Facebook Inc. for its Bootstrap Program for start-ups called FBStart, wherein the company received free resources worth $30,000 from Facebook and its partners. Later, it was recognized by Facebook for its social impact.

Also Read:

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This article was first published on Livemint.com

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.