Healthtech Startup Modasta Raises $1.5 Mn From HNIs

Bangalore-based health content portal and queries platform, Modasta, has reportedly raised $1.5 Mn (about INR 10 Cr) from Mauritius-based high net worth individuals (HNIs).

Modasta was founded in 2015 by former Accenture and Yahoo executive Bikram Barman and his wife Dr Geethanjali Barman, along with IIM alumnus Pankaj Pandey.

Modasta provides access to quality health information through articles and videos. It covers a range of health-related content, curated by Indian doctors, across five regional languages including Hindi, Telugu, Tamil, Kannada and Malayalam along with English. Modasta’s platform uses digital platform to provide value to consumers, enrich the user experience and thus transform healthcare digitally. It also has health forums to exchange knowledge and experiences.

The startup plans to use the funds for business growth, technology upgradation, talent acquisition and marketing outreach activities. The startup is also looking to expand its range of offerings to include tele-health comprising online doctor consultation services. It has a medical and technology team of 50 employees.

The startups has managed to secure over one million monthly  visitors within three months of the launch.

Bikram Barman, Co-Founder & CEO, Modasta said, “The healthcare industry is witnessing a robust growth trajectory, and at Modasta, we are aiming for a large slice of this lucrative US$280 billion industry.As the first of its kind initiative in India, Modasta will service the length and breadth of the country with pertinent content on a plethora of subjects from lifestyle diseases, mental health, women’s health, men’s health, sexual health and pediatrics amongst others. At Modasta, we endeavor to become the first ever one stop shop for health-seekers, something which no other health-tech company has managed to achieve to date in this space.’’

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