MediAngels Raises USD 1M from Ventureast

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Mumbai-based online medical advice platform, Mediangels which runs by Angels Health Pvt Ltd has secured USD 1 million funding led by Ventureast Tenet Fund and Government of India’s Technology Development Board. Recently, the firm had raised a Seed round of INR 2.4 crore from HDFC Holdings. The company aims to utilize the new funds for expanding the firm’s sales team as well as to provide voice-based consultation in the future.

Launched in 2011 by Dr Debraj Shome, it provides online and video consultation, online medical record keeping and online ordering of pharmaceuticals and also set up strategic partnership with over 21,000 diagnostic centres across India. According to VC Circle, currently the firm’s platform has listed over 300 specialist doctors from 15 countries and treated 8,000 patients.

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As Medianama reported, Mediangels also offers diagnostic tests and annual health check-up services, charges INR 250 per query and INR 1,500 for video consultation.

Apart from this, Ventureast had also made 2 investment in this category in firms like OneBreath and SmartRx. The other players in Health care segment are Lybrate which raised USD 1.225 million investment, in August this year, HelpingDoc received INR 10 crore in a Series A and eVaidya got INR Rs 3.5 crore earlier this year.

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