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Medinfi Raises Fresh Angel Funding

Company has raised approx. USD 2,00,000 from reputed angel investors in India and abroad in fifth round of funding, taking total funding to more than USD 0.5 million (INR 4 Crores) since July, 2014.

Medinfi Healthcare Private Limited announced that it has raised approx. USD 2,00,000 (INR 1.5 Crores) of fresh angel funding from reputed professionals like Mudit Saxena (Senior Vice President, Genpact) and Evan Lim (Singapore). Existing Directors like Mr. Hemant Kaul (ex-CEO, Bajaj Allianz General Insurance) and Dr. Ram Kumar Kakani (Professor, XLRI) have re-invested in this round of angel funding. With this funding, the company has so far raised more than USD 0.5 million (approx. INR 4 Crores) in angel funding.

This round of funding comes soon after company’s selection for Red Herring Award 2016 finals in Manila, Philippines for Top 100 start-ups in Asia. The company was also chosen by Aditya Birla Group recently in its Bizlabs Core Program 2016 for top healthcare technology start-ups.

Medinfi intends to use the funds to grow its user base to 5,00,000 from 50,000 currently by March, 2017. The company wants to extend its services for the users in 50 Indian cities, up from 12 cities at present, and may explore South East Asian countries including Singapore. It also plans to serve the users of iPhone by launching iOS mobile application by this time..

According to Mr. Ravi Shankar Mishra, Founder & CEO, Medinfi, “Medinfi is overwhelmed by the response from global angel investors in this round. We shall remain committed to offer verified information to our users for taking healthcare decisions online and expand our services to many more users across India and South East Asia.”

In past, Medinfi was selected in top 100 digital health start-ups globally by Interface Health Excellence (IHX), Canada and was selected for Facebook’s FBStart and Social Good Programs.

About Medinfi:

Medinfi is India's first pure-play healthcare content platform which offers verified and genuine information on nearby doctors and clinics to its users. Medinfi has an easy-to-use Android mobile application and website which helps users locate the nearest doctors and hospitals for their every-day check-ups. The applications automatically detect the current user location and displays the nearest doctors, hospitals, and clinics.

While the users can call the doctors and hospitals from the mobile application, Medinfi does not have any revenue tie-ups with either doctors or hospitals and thereby does not book appointments. The company wants to remain a pure-play content platform and would like to continue serving its users with genuine and verified content at all times.

Currently, the application is available for users in 12 Indian cities, namely Bangalore, Delhi, Mumbai, Pune, Hyderabad, Kolkata, Ahmedabad, Jaipur, Gurgaon, Ghaziabad, NOIDA, and Navi Mumbai with information on 12000+ verified doctors, clinics and hospitals. The mobile application has more than 50,000 users which has grown 600% since January, 2016.

Medinfi has worked closely with Insurance Information Bureau of India, promoted by Insurance Regulatory Development of India (IRDAI), for Registry of Hospitals in Network of Insurance (ROHINI) project which has given Unique Identification to 32000+ hospitals located across India.


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