MyHealthcare, a digital healthcare technology platform raises US$ 2 million in Series A funding

New Delhi, 31st July 2018: MyHealthcare, a digital integrated healthcare technology platform operated by Gurgaon based InnoCirc Ventures, has raised its Series A funding of US$ 2 million, led by Hunch Ventures and Ajay Nanavati, Angel Investor and Retired Managing Director of 3M India & Israel, also participated in the round. A digital healthcare company, InnoCirc Ventures has been founded by Shyatto Raha, Aneesh Nair and Divya Laroyia.

MyHealthcare, the company’s flagship product is a mobile healthcare ecosystem that enhances patient engagement and empowers them with their healthcare needs, through offerings such as EMR, health trackers, emergency services, video consult and 24×7 health monitoring, among others. The platform helps connect healthcare givers, hospitals, diagnostics, patients and their family and brings them into a digital ecosystem.
The platform is offered on a partnership model with hospitals, whereby MyHealthcare plugs in as the technology partner for the hospital network across all its patient facing services. MyHeathcare’s vision is to use digital technology and data to improve patient outcomes and patient care.

“With a widening gap between the availability of doctors, specialists and the demand for such care givers, we believe this gap can be bridged with data driven healthcare solutions. Our platform works with hospitals, in enhancing their care solutions by transitioning the care process from paper to digital form. In the next phase we are working towards the use of AI & ML for predictive analysis, to aid care givers in the diagnosis process, ”said Shyatto Raha, Founder and Director of InnoCirc Ventures.

Shyatto further added, “Making healthcare easily accessible, affordable and ensuring accuracy of care is our single focus at MyHealthcare. The MyHealthcare SPINE works with its hospital network in ensuring the data acquisition is done on globally accepted standardised data forms, which will enable a collective patient care process, at affordable pricing.”

The platform has launched operations across India and is now expanding its services to Malaysia, Indonesia and Myanmar.One of India’s largest hospital networks,the Fortis Group of Hospitals are among its customers, along with others such as Cygnus Hospitals and PH Siloam Hospitals (Myanmar).

Mr. Karanpal Singh, Founder and Managing Director of Hunch Ventures said, “India is one of the largest and poised to be the youngest population the world. Minimum social security and access to healthcare is going to be critical in the years ahead. MyHealthcare has developed a platform to deliver quality healthcare through the use of technology. Hunch believes in the team and its capabilities in building a digital ecosystem to make healthcare accessible to all”.

Mr. Ajay Nanavati, Angel Investor and Retired Managing Director of 3M India & Israel said,“ Having spent many years building 3M’s healthcare businesses globally, the problem MyHealthcare is providing a solution to is very real. The challenge of post IPD patient care given the pressures on hospitalisation needs a robust, data driven delivery mechanism which MyHealthcare offers”.

Client Associates Investment Banking (CAIB), acted as the exclusive financial advisor to the transaction. CAIB is a part of Client Associates, the leading multi-family office firm.

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