RoundGlass Partners injects more money into Curofy in flat round

Gurgaon-based 911 India Healthcare Pvt. Ltd, which owns doctor networking app Curofy, has raised Rs 1.6 crore ($250,000) in a fresh round of funding, according to a person familiar with the matter.

Curofy secured the money from existing US-based venture capital investor RoundGlass Partners LLC, the person said.

The company's post-money valuation was Rs 30.5 crore ($4.7 million), according to VCCircle estimates. This is similar to the valuation when the company raised funding last year.

Curofy co-founder Nipun Goyal and RoundGlass Partners did not respond to queries from VCCircle till the time of publishing this report.

The startup was launched in February 2015 by IIT Delhi alumni Mudit Vijayvergiya, Pawan Gupta and Nipun Goyal. It is an app-only platform that allows doctors to interact and collaborate on cases, apply for jobs and read the latest medical news. The startup’s medical directory pre-populates doctors’ profiles based on public data.

In October 2015, the startup had raised an undisclosed amount in pre-Series A funding from RoundGlass Partners.

In 2014, the company raised funds at a reality television-type formatted live event called TiE the Knot at TiEcon 2014, a conference organised by The Indus Entrepreneurs. The startup had also secured angel funding of roughly $160,000 from India Quotient, Spice Labs and a bunch of angel investors.

RoundGlass Partners is a Seattle-based VC firm that focuses on healthcare technology startups. The company’s other bets in Indian healthcare startups include fitness aggregator Gympik, doctor consultation platform Doctor Insta and digital diabetes management programme Life in Control.

Recent deals in the health-tech segment include Medsmart Hospitals Network Pvt. Ltd raising $1 million in October from IT development and integration company Excel Business Solutions.

In August, Doxper, an app that helps doctors maintain patients’ medical records, raised $750,000 in a seed funding round led by Vidal Healthcare and GrowX Ventures.

In September, doctor consultation app Mfine raised $1.5 million led by Stellaris Venture Partners.

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