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MedTel To Raise $10 Mn In Series A, Plans To Scale India Operations

MedTel aims to raise series A for rapid business expansion, product improvement and conducting relevant clinical validation studies. Existing investors & leading VCs have already expressed interest in the series A fundraise

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MedTel Healthcare, a B2B and B2B2C connected care and remote patient monitoring platform is planning to raise around $10 Mn in Series A. The brand had earlier raised around $1 Mn in Pre-Series A in August 2021 led by a Singapore-based institutional investor. MedTel is expecting to close the fresh round within the ongoing financial year itself.

MedTel aims to raise series A for rapid business expansion, product improvement and conducting relevant clinical validation studies. Existing investors & leading VCs have already expressed interest in the series A fund raise.

MedTel Healthcare had raised its pre-series A round from a group of angels, HNIs, Meta Health (A Singapore based listed company), Physician VC (A global healthcare-focused VC firm founded and managed by doctors), and KIIT-Technology Business Incubator.

“Last year was a real test for us. The healthcare industry was extended to unforeseen limits with the spread of the Coronavirus pandemic. Healthcare providers needed to find ways to deal with the surge in emergency care while ensuring on-going and routine care for patients. Digital health provided the solution and provided new possibilities for hospitals, clinics and care delivery organisations to connect with patients. While digital health was once a personal choice, the pandemic has turned it into indispensable. We at MedTel proved ourselves and became the best choice for the providers like top Insurance providers, leading Hospitals, Pharma companies & for government projects in Odisha and Maharashtra,” said Dr. Lalit Ranjan Manik, a UK-trained Public Health Professional, Co-founder & CEO, MedTel Healthcare.


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