wordpress blog stats
Connect with us

Hi, what are you looking for?

Microsoft Ventures Has Not Invested In BookPad Or Praxify

Microsoft Ventures has informed Medianama that it has not invested in BookPad or Praxify, rather these two companies will be joining the accelerator’s fourth batch which is starting in January 2014. Microsoft Ventures hasn’t invested in any Indian company yet.

On Monday, YourStory.in had reported that Microsoft Ventures had invested an undisclosed amount in BookPad and Praxify, citing Microsoft Ventures General Manager Rahul Sood. However, Microsoft Ventures told these two companies were chosen among 11 companies who had pitched in a session at the recently concluded Nasscom Product Conclave.

DocsPad LogoNote that unlike other accelerators, Microsoft Accelerator doesn’t take any debt or equity from the participating startups, and hence doesn’t provide any investment to the participants, but it claims to connect them with venture capitalists and angel investors to raise financing.

Speaking of the startups, Bangalore-based BookPad is building a product called Docspad which provides a set of cloud APIs to app developers which can be used to receive instant document handling within their respective applications.

It allows them to embed documents across various formats (docx, pdf, ppt, xls and others) through a customizable Docspad Reader and enable their users to preview, edit and manage documents right from the app interface. It also provides features like collaborative editing, commenting, annotations and others [Video Demo].

BookPad offers this service through different plans based on the monthly API calls the company needs, starting at a basic tier which offers up to 10,000 monthly API calls, and going up to basic plus tier (1,00,000 monthly API calls) and bulk tier (above 1,00,000 monthly API calls). It also has a free plan which provides 1,000 monthly API calls.

Praxify Logo

On the other hand, Praxify provides a cloud based medical practice management solution with an integrated iPad-based EMR (Electronic Medical Records) application for doctors.

The company says the solution offers features like appointment scheduling, patient billing, ability to store patient records. Praxify offers this service to doctors on a subscription model or a pay as you go model, although there is no specific information on the pricing of this service.

Also Read: Microsoft Ventures India Batch 3 Startups: SignEasy, TommyJames, Whalelogix, AdSparx & More

You May Also Like


The chipmaker Intel has now launched a facial recognition solution, which the company says will work with smart locks, access control, point-of-sale devices, ATMs...


The Delhi High Court on Monday refused to stop Amazon from pushing regulators to stop the sale of the Future Group’s businesses to Reliance...


Pine Labs has raised around $100 million in fresh funds from Lone Pine Capital, a hedge fund based in the United States, at a...


Restaurant aggregator and food delivery company Zomato has raised US$660 million (over ₹4,850 crore), taking its valuation to ₹3.9 billion. CEO Deepinder Goyal tweeted...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ