MedCords re­ceives Rs 2.64 Cr fund­ing

BioSpectrum (India) - - START-UP NEWS -

Early stage ven­ture fund, WaterBridge Ven­tures, along with In­foedge has in­vested Rs.2.64 crore in MedCords, a startup based in Kota, Ra­jasthan with a tech­nol­ogy cen­tre in Pune. Ac­cord­ing to the startup, the in­vest­ment will di­ver­sify its pres­ence into a new line of busi­ness within the in­ter­net ser­vices in­dus­try. MedCords is a cloud-based, ma­chine-learn­ing pow­ered plat­form that con­nects and en­ables var­i­ous stake­hold­ers of the health­care ecosys­tem. The startup, founded in 2016, fa­cil­i­tates re­mote and fol­low-up con­sul­ta­tions with doc­tors and digi­tises users’ med­i­cal records and makes them avail­able on-de­mand. The firm aims to cre­ate in­tel­lec­tual prop­erty out of med­i­cal data and ad­vanced an­a­lyt­ics to cre­ate ef­fi­cient health­care de­ci­sion sys­tems for doc­tors, hos­pi­tals and the gov­ern­ment. It cur­rently has a web-app for doc­tors and An­droid apps for phar­ma­cies and pa­tients. Health­care por­tal 3Hcare has raised $1 mil­lion in its sec­ond round of fund­ing, led by a group of tech­nol­ogy ex­perts.

The startup will use these funds to ex­pand its team, up­grade its tech in­fras­truc­ture across

In­dia. Founded in 2016, 3Hcare has part­nered with lead­ing lab­o­ra­to­ries and aims to bridge the ac­ces­si­bil­ity gap be­tween health­care ser­vices and pa­tients. It pro­vides ac­cess to labs and hos­pi­tals with com­plete in­for­ma­tion re­gard­ing tests. Its por­tal also al­lows users to com­pare and book on­line treat­ment. Part of the funds will be used to bol­ster and up­grade the tech­nol­ogy, es­pe­cially in­cor­po­ra­tion of Ar­ti­fi­cial In­tel­li­gence (AI) and Ma­chine Learn­ing (ML), to pro­vide an en­hanced value-added cus­tomer ex­pe­ri­ence. 3Hcare has part­nered with over 400 di­ag­nos­tic cen­tres and around 50 hos­pi­tals (both NABL and JCIac­cred­ited) in more than 1,500 lo­ca­tions across In­dia to bridge the ac­ces­si­bil­ity gap be­tween health­care ser­vices and pa­tients.

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