Gurgaon-based Credihealth, an online healthcare marketplace which was started in January 2014, has raised an undisclosed amount of funding from Rajat Malhotra, the Director of Engineering at Twitter India. The startup aims to utilize the raised funding for technology improvement. As part of the deal, Rajat will join the board of the company and will play a key role in the scaling up of technology. He has 17 years of experience in organisations like ZipDial, Naukri, and GenPact.
“Healthcare sector in India is growing at CAGR upward of 20%. Telemedicine market in India, which is currently at about $7.5 billion is expected to reach $18 billion in next two years. I’m very excited to join the board of Credihealth which is now at a stage where it is ripe to scale up rapidly and grow significantly with the industry,” said Rajat regarding the reason behind his investment.
The startup has over 7,000 doctors from all over the country and has tied up with over 450 prime hospitals pan-India including Fortis healthcare and Jaslok Hospital. Its services are available across 6 metropolitan cities – New Delhi NCR, Mumbai region, Kolkata, Hyderabad, Chennai and Bangalore.
The company helps people to search for doctors and hospitals across major cities in India, book appointments with the doctor of their choice, and also helps in getting quotes from hospitals for any treatment or surgery.
It had also launched its apps for Android and iOS users. It enables its users to get a second opinion about their medical diagnosis or treatment method by uploading medical reports from specialists, for a nominal fee. Also, the startup provides information on various medical ailments, doctors, hospitals, treatments and their implications and post treatment care.
It competes with firms like Practo, Kare4u, Qikwell and BookMyDoctor among others.