Medinfi, a healthcare content platform which offers verified information on doctors and clinics, has announced that it has secured about Rs 80 lakhs ($125,000) in its fresh funding round.
The funding comes from angel investors from Singapore, Germany, and the Middle East. This round marks the sixth funding round raised by the company so far.
The investors who funded in the current round include PBS Srinivas, a Middle East-based professional; Vinod Martin, COO of Singapore-based IT Services firm; Prijit Debnath, Germany-based senior IT professional; and Alok Bahl, with Singapore-based Hedge Fund.
Along with those foreign investors, existing directors — Dr. Ram Kumar Kakani, Associate Dean & Professor, XLRI; and Hemant Kaul, Ex-MD & CEO, Bajaj Allianz General Insurance, have also participated in this round.
The company says that it will be using the money raised in this round to further expand its user base to 5 million. It is also planning to extend its reach to 50 cities in India by 2018.
Founded in 2014 by Ravi Shankar Mishra, Medinfi is a pure-play healthcare content platform which offers verified information on doctors and clinics available in the vicinity of users.
The platform is offering a mobile website and an Android mobile application to help users locate the nearest doctors and hospitals for every-day check-ups. The application also offers access to blogs written by qualified professionals on a variety of health & lifestyle topics.
It is also partnering with government to help drive healthcare analytics in the country. The company claims to have crossed 2 million user mark in just five months. The company added that earlier it took them 12 months to reach 1 million users.
Medinfi 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, which has provided unique identification to over 32,000 hospitals located across India.