Health Content Provider MyUpchar Raised $5 Million

Create: Thu, 08/30/2018 - 18:05
Author: Anonymous

Local language-based health content platform, MyUpchar has bagged a $5 million round of investment in Series A funding which was led by Nexus Venture Partners, Omidyar Network, and Shunwei Capital. The company had earlier raised a seed round which was led by Google’s Rajan Anandan, Indifi’s Alok Mittal, and Mohit Satyanand. The total amount raised by the firm now totals $5.3 million.

The company wants to use the latest amount to continue developing the product and its service offerings. It also aims to strengthen their video, voice, and virtual reality interface. Manuj Garg and Rajat Garg had started the platform in Delhi. The company joins hands with the doctors in order to provide health-based contents and then translates it into 13 Indian languages. The contents are from categories like allopathy, ayurveda, and homeopathy.

The company claims that it has reached the mark of 10 million people and it targets to reach about 500 million users in the tier-II, tier-III cities of the country by using the local languages.

Rajat Garg while commenting on how myUpchar can become one stop solution to every citizen said, “Our focus over the next couple of years is to address this gap via technology and content. myUpchar platform will become the one-stop solution for every Indian seeking healthcare information and services in Indian languages. As our technology gets smarter, we will personalize every user’s experience to enhance our ability to have a real impact on their health outcomes.”

Notably, one of their main features is the voice search ability and text-to-speech technology that can help someone who cannot read or type on a phone. Nexus Venture Partners' managing director Sameer Brij Verma through a press release said, “The team has done an exceptional job in building market leadership across the Hindi belt and now plans to scale their content and integrated consultation platform to several other regional languages.”

Siddharth Nautiyal, the investment partner at Omidyar Network said, "We are excited by myUpchar’s vision to become India’s largest credible and relatable health destination platform and facilitate low-cost healthcare access to cater to the needs of the new wave of first time smartphone users engaging via local language content, a population often referred to as the Next Half Billion. myUpchar has the potential to solve health information and infrastructure asymmetry for the masses, closely aligned with the government’s National Health Protection Mission.”


Image Courtesy : impactalpha

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