MedCords receives Rs 2.64 Cr funding
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.