Healthtech Startup Tiyo Secures Seed Funding From Ajith Nair

Kolkata-based healthtech startup, Tiyo, run by Labsense Technology Services, has raised an undisclosed amount in its Seed round of funding led by Middle East-based existing investor, Ajith Nair, CEO iAdepto Global.

The startup will deploy the newly raised funds to further accelerate its patient care technology and to increase its sales and marketing strategies. The startup plans to foray into Tier I and II markets by 2017. It plans to roll out in 10 more cities including Chennai, Mumbai, Chandigarh, and Ahmedabad, by the end of this year.

The healthtech startup was founded in May 2015 by Rana Dutta, Sandip Bodak, and Sunil Mishra. It assists patients to connect with healthcare services and practitioners across India through its web and mobile platform.

Presently, Tiyo offers 18 products and services integrated to its flagship platform for patients to connect with the doctors, and deliver a complete lifecycle of preventive and primary healthcare services digitally. It currently claims to offers its services in six cities and plans to expand in Delhi by 2017.

It also plans to on adding 100,000 registered medical practitioners. The startup is currently integrating its platform to offer the other variants of its product. Tiyo soon plans to close a $750K Pre-Series A round. It has also received mentor support from IvyCamp.

The startup earlier raised $120K in its angel round of funding from Anish K & Ajith Nair in July this year.

In August 2016, healthcare analytics startup Tricog raised Series A funding from Blume Ventures, Inventus Capital Partners, and others. In September 2016, Cureinstant, a social health networking website, raised $150K (INR 1 Cr) in Seed funding from Dr. Rameshwar Kumar. In the same month, app-based network for doctors, DailyRounds secured an undisclosed amount of funding led by Accel Partners.

Other competitors in the healthtech space include Practo, Curofy, and Portea among others.

The development was reported by ET.