Bangalore-based Medinfi Healthcare Pvt. Ltd which offers verified information on doctors and clinics, has raised $200,000 (Rs 1.5 crore) in its fifth round of angel funding. It seeks to expand to 50 Indian cities and explore South East Asian countries by March 2017.
Its goal is to widen its user base by 10 times to 5,00,000 with the funding amount.
Mudit Saxena, senior vice president at Genpact and Singapore-based angel investor Evan Lim invested in the round, the company said in a statement. It also saw participation of xisting investors Hemant Kaul, former CEO at Bajaj Allianz General Insurance; and Ram Kumar Kakani, professor at XLRI.
Founded by CEO Ravi Shankar Mishra, Medinfi helps users to locate the nearest doctors and hospitals for check-ups. It does not have revenue tie-ups with doctors and hospitals and hence does not book appointments. But one can call the doctors and hospitals using the mobile application.
The company, a pure-play platform for searching doctors and hospitals through web and mobile app, has an Android mobile application and website which helps users locate the nearest doctors and hospitals for everyday check-ups. The application automatically detects the current user location and displays the nearest doctors, hospitals and clinics. With information on over 12,000 verified doctors, clinics and hospitals, it is planning to launch its iOS app soon.
With this round company has raised a total of $400,000, it said. In February, it had raised an undisclosed amount from three angel investors, including Rajnish Sinha, senior vice president at Genpact.
Medinfi’s services are available in 12 cities of India including Bangalore, Delhi, Mumbai and Pune. It has also worked with the Insurance Information Bureau of India, promoted by the Insurance Regulatory Development of India (IRDAI), for the Registry of Hospitals in Network of Insurance (ROHINI) project, to provide unique identification to over 32,000 hospitals located across India.
