Health-tech startup Konsult raises seed funding

By Shruti Jain

  • 04 Apr 2017

Delhi-based healthcare tele-consultation platform Konsult App Pvt Ltd has raised $500,000 (Rs 3.25 crore) in two rounds of seed funding from a consortium of investors from the US, the UK, Netherlands and Australia.

Koen Bouwers, a board member at flying car company Terrafugia; Lomesh Agarwal of Magic Leap; Jeroen Mensen of Credit Suisse Investments, and Pablo van den Bosch, a board member at Madaster foundation; among others, participated in the round.

The startup is already in talks with investors for a pre-Series A round.

Founded in 2015 by Anshul Mittal, a lawyer, and Puneet Agarwal, a medical practitioner, Konsult App started off as a platform to help connect doctors and patients for post-consultation services. Now, it has evolved as a medical consultation and second opinion platform. The company is currently operational in Delhi-NCR and has 1,200 doctors on board. The app is available for free on both Android and iOS platforms.

“It’s an aggregation model, there is no need for an appointment. Depending what the duration of the call is, the patient gets charged. There is an on-boarding cost involved for the doctors. We make money on the basis of every transaction – we charge a flat commission on, where 70% goes to the doctor, 30% is our share,” said Mittal.

Bangalore-based Medinfi Healthcare Pvt Ltd, which operates in a similar space, had raised $50,000 (Rs 32 lakh) in its seventh round of angel funding from Vinod Martin, COO at a Singapore-based IT services company; Hemant Kaul, former MD and CEO of Bajaj Allianz General Insurance; and Ram Kumar Kakani, a professor at XLRI.

Yuvraj Singh-backed healthcare firm, which helps connect with neighbourhood doctors, aggregates diagnostic labs, and crowdsources sample collectors, had secured $3 million (Rs 20 crore) in a Series A round led by venture capital fund Beenext in October.

Other heavily funded healthcare startups include Practo Technologies and Lybrate.

In January, Practo had raised $55 million in Series D funding led by China’s Tencent.

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