India: Medinfi Healthcare raises $200k in angel round

Medinfi Healthcare Pvt. Ltd on Friday said it has raised $200,000 in an angel round from Mudit Saxena, senior vice-president, Genpact, and Singapore-based angel investor Evan Lim.

Existing investors Hemant Kaul, former chief executive officer, Allianz General Insurance, and Ram Kumar Kakani, professor, XLRI, also participated in the round.

The company will use the funds to grow its customer base and expand to newer geographies.

With this funding, the company has raised over $500,000 overall.

Currently, the company has 50,000 users and targets to grow this user base to 500,000 by March 2017.

The company, whose services are available in 12 cities, including Bangalore, Delhi, Mumbai and Pune, seeks is to expand to 50 Indian cities and also explore South East Asian countries by March 2017.

Medinfi is a pure-play healthcare content platform which offers verified information on doctors and clinics available in the vicinity of users.

Medinfi has an Android mobile application and website which helps users locate the nearest doctors and hospitals for everyday check-ups.

The application automatically detects the current user location and displays the nearest doctors, hospitals and clinics.

While the users can call the doctors and hospitals from the mobile application, Medinfi does not have any revenue tie-ups with either doctors or hospitals and thereby does not book appointments.

It has information on over 12,000 verified doctors, clinics and hospitals.

Medinfi has also worked with the Insurance Information Bureau of India, promoted by the Insurance Regulatory Development of India (IRDAI), for the Registry of Hospitals in Network of Insurance (ROHINI) project, which has provided unique identification to over 32,000 hospitals located across India.

Also read:

India: Healthcare app provider Medinfi raises funds from individual investors

Impact startups’ quest for funds

This story was first published on Livemint

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.