Medinfi, a healtcare startup raises USD 20000 in angel funding

Medinfi, a healtcare startup raises USD 20000 in angel funding

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Medinfi Team

Medinfi is an interesting healthcare app that provides information about doctors and healthcare services according to the location of the user. It was set up in India in January 2014 and has 20 employees at present. It is associated with local pharmacy stores for offline promotions besides the online marketing. Users can take help of the app to search for hospitals nearby. It uses GPS to retrieve the user’s location and then shows a list of the nearest hospitals. The team of the startup confirms the professionals listed on the platform. Customers can give them rating and add comments or feedback that can help other users just like websites like Yelp or TripAdvisor. The app can also be used to keep tabs on geriatric patients. They are planning to partner with companies similar to Uber and Ola so that they can send a car that can pick up patients for the regular checkups and laboratory investigations.

The startup has raised a total of more than USD 500000 from angel investors. Investors like senior vice president for multi-national company Genpact, Mudit Saxena and Evan Lim, a Singaporean angel investor have contributed to the funding. The company has existing investors like Hemant Kaul, former CEO of Bajaj Allianz General Insurance and Dr. Ram Kumar Kakani, a professor at Xavier School of Management (XLRI).

The company currently operates in 12 Indian cities. The funds will be used by the company to spread across 50 cities of India. The startup also plans to expand to Southeast Asia, that includes Singapore as the founder and CEO of Medinfi has observed huge potential for expansion in the region.

The startup has found its user base to increase at a rate of 600% from the month of January. Presently, it has 50,000 active customers. The new funding would be instrumental in enhancing the customer base and taking it to 500000.

They would also introduce iOS supported app by the end of 2016. Their long term aim is to feature discussion forums on their website and target high net worth individuals seeking for the most superior medical treatment for the varied diseases and modalities of treatments.

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