Health and wellness startup myUpchar secures ₹35 crores in series A

Health and wellness startup myUpchar secures ₹35 crores in series A
Health and wellness startup myUpchar secures ₹35 crores in series A
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New Delhi-based healthcare startup myUpchar has raised ₹35 crores ($5 million) in series A funding from Nexus Venture Partners, Omidyar Network, and Shunwei Capital.

The startup last raised ₹2 crores from a clutch of angel investors including Rajan Anandan, VP and MD of Google India, Alok Mittal, Co-Founder and CEO of Indifi Technologies, along with Mohit Satyanand in September 2017.

The funds raised will be used to strengthen its voice, video, and virtual reality interfaces, along with developing new interfaces.

myUpchar was founded by Rajat Garg and Manuj Garg in 2016. It aims to offer quality healthcare information and services to people in their local languages. It offers health-related information across disciplines including Allopathy, Ayurveda, and Homeopathy.

Rajat Garg, Co-Founder and CEO, myUpchar, said, “Our focus over the next couple of years is to address this gap via technology and content. As our technology gets smarter and smarter, we will personalize every user’s experience to enhance our ability to have a real impact on their health outcomes.”

The startup has partnered with doctors to create content in 13 Indian languages to facilitate their goal of providing quality health information to every Indian in his preferred language.

It also uses a proprietary voice search, along with text to speech technology to enable the customers that are not comfortable with typing or reading content on their phones.

Currently, myUpchar has reached more than 10 million users through its platform and it is looking to target and serve over 500 million Indian users who do not have access to quality and accurate health-related content on the internet.

Indian healthcare industry, coupled with the rising vernacular users in the country creates a need for accurate and trustworthy health and wellness related content over the internet. This will also open up opportunities in the healthcare industry to the new and growing market looking for quality content.

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