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Angel Health Raises Rs 2.5 Crore From HDFC’s PE Arm

Angel Health, a company that runs online healthcare website MediAngels, has raised Rs 2.5 crore, by selling a 12% stake to HDFC’s private equity division, reports LiveMint.

The company intends to use the funding for rolling out electronic kiosks across various cities and villages to expand the reach of its service. It is also looking to raise a Series B funding of Rs 5 crore next year, which it intends to use in building technology and software that helps doctors transcribe notes.

The website, which calls itself an eHospital claims to have a group of 300 doctors across 85 specialties and sub-specialties like Cardiology, Neurology, Dentistry, Glaucoma and others from 24 countries. It provides services like eQuery- where users can upload their queries which are addressed within three days, eConsult- a service that allows registered users to consult doctors for assessment of  their case including diagnosis, treatment, prescription and surgery, and eInvestigation- where registered users can undergo medical tests. The site claims to have tie ups with 21,000 diagnostic labs across India for testing.

Users are required to register with the website by paying a membership fee of Rs 500. They can store medical data, opinions and medical reports on the website. The website also provides an option for users to create multiple user profiles for their family members and dependants within their MediAngels account. The consultation fee varies from Rs 250 to Rs 4,490.

The company also runs a blog and knowledge centre that provides information on several health disorders. Another portal that operates in this domain is WebHealthCentre which is maintained be Tata Consultancy Services.

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