Medinfi raises fresh angel funding
The company wants to extend its services for the users in 50 Indian cities, up from 12 cities at present
Medinfi Healthcare Private Limited announced that it has raised approx. USD 2,00,000 (INR 1.5 Crores) of fresh angel funding from reputed professionals like Mudit Saxena (Senior Vice President, Genpact) and Evan Lim (Singapore). Existing Directors like Hemant Kaul (ex-CEO, Bajaj Allianz General Insurance) and Dr Ram Kumar Kakani (Professor, XLRI) have re-invested in this round of angel funding. With this funding, the company has so far raised more than USD 0.5 million (approx. INR 4 Crores) in angel funding.
Medinfi intends to use the funds to grow its user base to 5,00,000 from 50,000 currently. The company wants to extend its services for the users in 50 Indian cities, up from 12 cities at present, and may explore South East Asian countries including Singapore. It also plans toserve the users of iPhone by launchingiOS mobile application by Dec, 2016.
According to Ravi Shankar Mishra, Founder& CEO, Medinfi, “Medinfiis overwhelmed by the response from global angel investors in this round. We shall remain committed to offer verified information to our users for taking healthcare decisions online and expand our services to many more users across India and South East Asia.”