Healthtech startup MEngage raises $100,000 seed fund
Jaipur-based healthtech startup MEngage raised $100,000 from angel investors including popular vocalist Sukhbir Singh in a seed round.
Keshav Sharma, chief executive officer of software services firm Metacube and other investors also participated in the funding round, a statement from the startup said.
The current funding round is meant to serve as bridge funds before the startup raises funds from its Series A round.
MEngage develops apps to facilitate engagement between doctors and patients, and also claims to serve as an OPD (outpatient department) for its users.
Users can book appointments with doctors on the app, apart from examining and making available medical records over the cloud, arrange for reminders for vaccinations and appointments, pay fees online to the doctor and facilitate messaging between doctors and patients.
“With enterprise OPD end-to-end processes, we plan to become [a] sort of OYO for clinics and manage the entire processes for clinics. This will help doctors increase focus on their practice without getting involved in administrative and mundane tasks,” said Manmohan Singh, founder and chief executive officer, MEngage.
The startup claims to offer a combination of OPD, prescription, e-pharmacy and diagnostic lab services.
The funds will be leveraged to automate smart labs solutions and developing smart pharmacy solutions.
MEngage had raised $175,000 in an earlier seed round in July 2018. Investors in the round included Siddharth Agarwal, CEO of apparel exporting firm Silk Asia, Mahavir Sharma, chairman of Rajasthan Angel Innovators’ Network (RAIN), Amit Singal, co-founder of support services firm StartUp Buddy and Jaipur-based startup accelerator 100 Co-founders Lab.
The startup was founded in 2016 by Singh, former CEO at tea e-tailing platform Chaipeeo and Sanjay Yadav, co-founder of 100 Co-founders Lab.
MEngage claims its ecosystem includes over 350 doctors and clinics. The number of patient visits on its platform recently crossed the one million mark while the monthly patient visits on the platform have risen to around 100,000.
The startup says it is seeing increased adoption of the app from users based in tier-II and tier-III cities such as Jaipur, Udaipur, Jodhpur, Bhiwadi and Alwar.
MEngage competes with other healthtech startups like PlusPin Healthcare, IP Ventures-backed iKure and specialised platforms like Onco, which caters to cancer patients.
Recent developments in healthtech startups
Earlier this month, Norwegian startup Oivi AS raised $500,000 in a funding round led by Bengaluru-based venture capital firm Arali Ventures.
In August, healthcare services platform Phable raise $150,000 from US-headquartered venture capital firm SOSV.
In May, cricketer Yuvraj Singh-backed health diagnostics startup Healthians acqui-hired healthcare-focused logistics platform Healthy Labs.