Rais­ing funds for your health

Hindustan Times ST (Jaipur) - Hindustan Times (Jaipur) - City - - Front Page - HTC

The In­dian health­care crowd­fund­ing plat­form, Im­pact­guru.com, raised their sec­ond round of fund­ing from Abu-dhabibased firm, Shorooq In­vest­ments, re­cently. Founded in 2014 by Piyush and Khush­boo Jain, the plat­form makes it eas­ier for any­one to raise funds on­line for their med­i­cal ex­penses that are not cov­ered by in­sur­ance. The com­pany makes money by charg­ing a fee be­tween 5% to 12% of the to­tal money raised. Af­ter rais­ing this in­vest­ment, Im­pact­guru.com now plans to ex­pand into Gulf Co­op­er­a­tion Coun­cil (GCC), start­ing from UAE. The startup is look­ing to part­ner with pri­vate hos­pi­tals, clin­ics, healthtech star­tups, and NGOS to ac­cel­er­ate its GCC en­try and scale its op­er­a­tions. Piyush Jain, co-founder and CEO, Im­pact­guru.com said, “The po­ten­tial to use tech­nol­ogy to crowd­fund for help is lim­it­less in the face of GCC’S ac­cel­er­at­ing smart­phone, in­ter­net, and dig­i­tal pay­ments pen­e­tra­tion. We look for­ward to pro­vid­ing the best and most cost-ef­fec­tive pa­tient fi­nanc­ing so­lu­tion in the mar­ket to­day as the first mover in the GCC re­gion.” Shane Shin, found­ing man­ag­ing part­ner and Mah­moud Adi, co-found­ing part­ner at Shorooq In­vest­ments said, “Crowd­fund­ing is just a nat­u­ral pro­gres­sion of how fi­nan­cial tech­nol­ogy makes our so­ci­ety more con­nected, col­lab­o­ra­tive and ef­fi­cient.” The com­pany re­cently helped raise `4 lakhs for Jaipur res­i­dent, Anuj, whose daugh­ter Pihu, was suf­fer­ing from a head in­jury.


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