HealthEnablr raises $800K in seed funding
Healthcare startup HealthEnablr India Pvt Ltd, has raised $800,000 (around Rs 5.4 crore) in seed funding from a group of unnamed professionals, including some prominent investors from Silicon Valley and Hong Kong.
The new capital will be used to develop the company's patented EMR technology and consolidate sales efforts, it said in a statement.
"We will look at raising our next round of funding mid this year, with the aim of expanding the business to eight more cities," said Bamasish Paul, CEO and co-founder, HealthEnablr.
Founded by Paul in September 2015, the startup connects patients and physicians via video, telephonic conversations and messages besides offering doctor discovery services. Currently operating in Mumbai and Kolkata, HealthEnablr aims to have a network of over 50,000 verified doctors by the end of 2016. It offers products and services through its mobile and web application, and has plans to expand into a healthcare marketplace, enabling patients to choose and buy healthcare packages from HealthEnablr as well as its growing network of affiliate partners.
Paul, an alumnus of University of Chicago, worked at Brookfield AMC after the latter acquired AIG Global Real Estate's AMC practice in India. Before the acquisition, he served as AIG Global Real Estate's India MD. Prior to AIG, he worked with The Chatterjee Group as assistant vice president.
In an earlier interaction with Techcircle.in, Paul had said that HealthEnablr is modelled on American Well, the Boston-based tele-health company that has raised over $128 million in funding since inception.
HealthEnablr would compete with Karma Healthcare, DoctorsCabin, eVaidya and others on the tele-medicine side.
Startups such as Practo, Lybrate, HelpingDoc, Praxify and AllizHealth are its main rivals for doctor discovery, listings and clinical management.