Artificial intelligence-driven health content startup HealthMir has raised an undisclosed amount in seed funding from angel investor and insurance industry veteran Nimit Panigrahi, a top company executive told VCCircle.
With the new capital, the company plans to expand its operations to six more cities in the coming 18 months namely Bangalore, Mumbai, Chennai, Chandigarh, Jaipur, and Pune. It will also make the content on its app available in multiple languages.
“Every 20th search in India is around health and diagnosis. So we give them [users] a platform where they can understand their symptoms. For people with diagnosed diseases, we provide them content and [help them] reach the right doctor for health management,” said Abhash Kumar, co-founder and chief executive of the startup.
HealthMir, operated by Trusting Bee Technologies Pvt Ltd, was founded by IIT-IIM alumni Kumar, Rohit Gupta, and Gitesh Gupta along with Dr Praneet Kumar in May 2015.
Kumar has previously worked with a business consulting group, while Rohit worked as a consultant at Cognizant. Gitesh has worked with companies such as Zynga, Moonfrog Labs, and OYO Rooms. Dr Praneet Kumar, who was formerly with Fortis Healthcare and BLK Super Specialty Hospital, is a healthcare veteran.
Panigrahi is also an investor in grocery e-tailer Satvacart. His interests span insurance, infrastructure, and the Internet segments. Besides investing, Panigrahi is also the managing director of executive search firm Advansys Solutions Pvt Ltd and is also the promoter and director of Noida-based insurance firm Sovereign Insurance Brokers Pvt.Ltd, his LinkedIn profile shows.
Several startups in the healthcare technology space have recently raised funding. In April, One97 Communications Ltd, the parent of digital wallet firm Paytm, invested an undisclosed amount in Noida-based health-tech startup QorQL.
In the same month, Delhi-based healthcare tele-consultation platform Konsult App Pvt. Ltd raised $500,000 (Rs 3.25 crore) in seed funding, while Gurgaon-based e-diagnostic startup Elite Tech Healthcare Pvt. Ltd, which runs Klinic App, raised an undisclosed amount in seed funding in March.