Raising funds for your health
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.