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Digital Healthtech Platform, MyHealthcare Raises $2M in Series A Funding Led by Hunch Ventures and Ajay Nanavati

The platform has launched operations across India and is now expanding its services to Malaysia, Indonesia and Myanmar.

MyHealthcare, a digital integrated healthcare technology platform operated by Gurgaon based InnoCirc Ventures, has raised its Series A funding of $2 million, led by Hunch Ventures and Ajay Nanavati, Angel Investor and Retired Managing Director of 3M India & Israel, also participated in the round. A digital healthcare company, InnoCirc Ventures has been founded by Shyatto Raha, Aneesh Nair and Divya Laroyia.

MyHealthcare, the company’s flagship product is a mobile healthcare ecosystem that enhances patient engagement and empowers them with their healthcare needs, through offerings such as EMR, health trackers, emergency services, video consult and 24×7 health monitoring, among others. The platform helps connect healthcare givers, hospitals, diagnostics, patients and their family and brings them into a digital ecosystem.

The platform is offered on a partnership model with hospitals, whereby MyHealthcare plugs in as the technology partner for the hospital network across all its patient facing services. MyHeathcare’s vision is to use digital technology and data to improve patient outcomes and patient care.

“With a widening gap between the availability of doctors, specialists and the demand for such care givers, we believe this gap can be bridged with data driven healthcare solutions. Our platform works with hospitals, in enhancing their care solutions by transitioning the care process from paper to digital form. In the next phase we are working towards the use of AI & ML for predictive analysis, to aid care givers in the diagnosis process,” said Shyatto Raha, Founder and Director of InnoCirc Ventures.

The platform has launched operations across India and is now expanding its services to Malaysia, Indonesia and Myanmar. One of India’s largest hospital networks, the Fortis Group of Hospitals are among its customers, along with others such as Cygnus Hospitals and PH Siloam Hospitals (Myanmar).

Client Associates Investment Banking (CAIB), acted as the exclusive financial advisor to the transaction. CAIB is a part of Client Associates, the leading multi-family office firm.

Founded by Karanpal Singh, Hunch focuses investments across core sectors such as health, retail, hospitality, education, media and new age technology. Current portfolio of Hunch includes: GoodTimes (Media, India), Quintessentially Lifestyle (Retail, India), Empowertrans (Power & Technology, India), Vagupu (Education, India), SpotDraft (Technology, India), The Quorum (Hospitality, India), TalentNext (Media, India) and The Circle (Retail, India).

Just today, HealthPlix, a Bengaluru based healthtech firm that assists doctors digitally, has also announced that it has raised $3 million from IDG Ventures India and Kalaari Capital in its Series A round.

Source: BW Disrupt

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