Bengaluru-based healthcare content startup Medinfi has raised $125K in a fresh round of funding from Angel investors in Singapore, Germany and the Middle East. This is the sixth funding round of the healthcare content platform, since its launch in 2014.
The list of angel investors included PBS Srinivas, a Middle East-based professional; Vinod Martin, COO of Singapore-based IT Services firm; Prijit Debnath, Germany-based senior IT professional; and Alok Bahl, with Singapore-based Hedge Fund.
Existing Directors, Dr. Ram Kumar Kakani, Associate Dean & Professor, XLRI; and Hemant Kaul, Ex-MD & CEO, Bajaj Allianz General Insurance also participated in this round.
As stated by Dr. Ram Kumar Kakani, “I backed Medinfi again in this round owing to the visibility of potential green shoots in terms of early revenues.”
The newly raised funds will be used for further expanding its user base to 5 Mn and extend its reach to 50 cities in India by 2018, as shared by Medinfi founder Ravi Shankar Mishra.
Medinfi: What The Healthcare Content Startup Is Counting Upon
Medinfi is India’s first pure-play healthcare content platform which offers verified information to its users for taking healthcare decisions.