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October 09, 2014

Deal Alert: Ventureast Tenet to invest $1-M in online health portal MediAngels, an online platform which allows patients to consult the specialised doctors from across the globe, has raised $1 million (INR 6 crore) from Ventureast Tenet Fund and Government of India's Technology Development Board. The company, founded by two doctors, is looking to raise a total $2 million in the current round of funding. MediAngels provides services like online and video consultation, online medical record keeping and even ordering pharmaceuticals. The company charges Rs 250 per query and Rs 1,500 for video consultation. The new funding will be used to expand services portfolio and also provide voice based consultation. Funding will also be used to enhance operations & sales team, especially to increase tie ups with insurers and corporate clients.

MediAngels had earlier raised a seed round of Rs 2.4 crore from HDFC Venture. 

Source: Economic Times

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