Healthcare tech startup MyHealthcare raises $2 million in Series A funding

New Delhi-based healthcare technology platform MyHealthcare has announced that it has raised $2 million in Series A funding from Hunch Ventures and angel investor Ajay Nanavati.

Its flagship product is a mobile healthcare ecosystem that caters to the customers’ healthcare needs through offerings such as EMR, health trackers, emergency services, video consult and 24x7 health monitoring, among others. The platform helps connect healthcare givers, hospitals, diagnostics, patients and their family and brings them into a digital ecosystem.

MyHealthcare has partnered with hospitals, acting as a technology partner to provide patient facing services, and aims to improve patient care.

MyHealthcare is owned by Gurugram-based InnoCirc Ventures founded by Shyatto Raha, Aneesh Nair, and Divya Laroyia. The parent company’s other products are MySchool, MyRetail, and MyVet. MySchool helps schools communicate with teachers, students, and parents. MyRetail is a subscription-based platform that links multi-brand outlets to receive and analyse big data and send targeted offers to customers. MyVet provides an ecosystem/community for pet owners, veterinary doctors and pet store owners.

MyHealthcare’s aim is to make healthcare easily accessible and affordable. It operates across India and is now expanding its services to Malaysia, Indonesia, and Myanmar. Fortis Group of Hospitals are among its customers, along with others such as Cygnus Hospitals and PH Siloam Hospitals (Myanmar).

Shyatto Raha, Founder and Director of InnoCirc Ventures, said in a press release that his company aims to bridge the gap between the availability of doctors, specialists and the demand for care givers, 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,” he added.

Ajay Nanavati, angel investor and retired Managing Director of 3M (India and Israel) say about the investment, “Having spent many years building 3M’s healthcare businesses globally, the problem MyHealthcare is providing a solution to is very real. The challenge of post IPD patient care given the pressures on hospitalisation needs a robust, data driven delivery mechanism which MyHealthcare offers.”