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Online Medical Services Angels Health raises fund
By siliconindia
2.5 crore funding from the private equity unit of HDFC. HDFC takes 12 percent stake of the company, reports Mint. They are also planning to set up electronic kiosks is cities and villages to expand its service reach in its second phase of expansion.
Founded by Debraj Shome and Arbinder Singhal in 2010, Angels Health's mediangles.com provides online consultation from a large pool of medical experts and speciality doctors across the globe to users, typically patients seeking second opinions or those looking for advice from experts not available locally. With around 300 doctors on its panel from at least 22 countries, it also has electronic links with around 21,000 accredited diagnostic labs across India. It had provided services to around 1,500 patients who have received expert opinion from specialists based out of U.S.A, Europe and many other locations.
It is very simple to get assistance from the doctors, one just have to register on the MediAngels website, choose a doctor and put forth the questions, which are addressed in three days. The user has to pay 500 to register. Besides this, the registered users can also store medical data, doctor's reports and opinions on the website.
Shome said that it creates a exemplar in healthcare quality globally as a patient gets medical opinion from the world's best doctors with no travelling and no waiting for specialists appointment. He further said that this first investment from HDFC demonstrates the great value that the concept holds in the modern healthcare scenario.
V.S. Rangan, Executive Director, HDFC, said that they have picked up a minority stake in the company, as it was a unique idea backed by professional doctors.