Twitter’s senior executive, Rajat Malhotra, a Director of Engineering has invested an undisclosed amount in Gurgaon-based health-tech startup Credihealth Pvt. Ltd.
Malhotra, an IIT Kanpur alumus with 17 years of experience in companies including ZipDial, Naukri and Genpact will help boost technology of the company. Credihealth, which started in early 2014, is an online platform that provides a range of services to patients including information on hospitals and booking doctor’s appointment.
Ravi Virmani, co-founder and MD of Credihealth said “I’m excited by Rajat coming on board and confident of Rajat guiding Credihealth’s foray into innovative technology in the digital healthcare space”
The healthcare sector in India is growing at a compound annual rate of 20 per cent and Credihealth is set to grow significantly with the industry” said Malhotra. “Also the telemedicine market in India is estimated to reach $18 billion in next two years from about $7.5 billion currently”.
“Connecting people to the right doctor and hospital with the right technology is the need of the hour,” he said.
Credihealth operates in Delhi-NCR, Mumbai region, Kolkata, Hyderabad, Chennai and Bangalore. The company claims to have serviced 50,000 patients in the past year. It has a network of over 7,000 doctors in the country and has tie-ups with leading hospitals such as Fortis Healthcare and Jaslok Hospital.
Healthcare is a promising sector in India, that’s why investment is also raining, Practo, a web-based clinic management software developer and medicare listings provider, which recently raised $90 million in Series C funding led by Chinese media and technology conglomerate Tencent Holdings Pvt Ltd. Other players in the segment include Lybrate, which recently raised $10 million from Tiger Global and Ratan Tata, and HealthEnablr, which was started by former Brookfield Asset Management executive Bamashish Paul.
Source – Techcircle