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Funding Roundup: DishCo, MediAngels & Connectabank


DishCo secures angel funding from Anand Mahindra & others

Food tech startup DishCo has raised an undisclosed amount in angel funding from Anand Mahindra, Uday Punj, Ashish Hemrajani and Sanjeev Mehra, reports Vccircle. Currently operational in Mumbai, Goa and Pune, the firm will seek expansion into Delhi, Hyderabad and Bengaluru. The startup is also in process of adding additional services such as coupons, deliveries, wallet time and in-line feedback.

Founded by Jamshed Pesi Shaw and Fida Jamshed Shaw, Mumbai-based DishCo allows food joints to list their signature dishes on the platform which are open to ranking by customers. For mobile payment, it has partnered with Mobikwik. DishCo claims to have over 8,500 listed restaurants on its app.


MediAngels to raise $5 million

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Mumbai based online medical advise platform MediAngels is set to raise $5 million from venture capitalists for its expansion, reports YourStory. The company is in talks with health insurance providers to add this feature to its list of services. In the past, the company has listed HDFC’s PE arm HDFC Holdings and Venture East and Department of Science and Technology, Government of India as its investors.

Started in 2011 by Debraj Shome and Arbinder Singal, MediAngels enables patients to get in touch with and consult medical specialists from around the world. In 2014, it raised $1 million in funding from Ventureast Tenet Fund and Government of India’s Technology Development Board and a seed funding of Rs 2.4 crore from HDFC Holdings. MediAngles charges Rs 250 per query and between Rs 1,800 and Rs 9,000 for video consultation. It claims to have over 300 medical experts from more than 85 specialties sub-specialties on board and partnerships with 21,000 diagnostic centers across India.


Connectabank receives angel funding from Prakhar Bumb

Online portal for comparison of financial products Connectabank has raised an undisclosed amount in angel funding from Prakhar Bumb, reports VCCircle. The funds will be used for expansion to other cities and product development.

Founded in 2014 by Tarun Kumar and Gopal Dhar, Connectabank is currently based out of Mumbai. The online platform allows users to check for loan eligibility and compare the offers available. It also assists real estate brokers, direct selling agents, builders and chartered accountants in connecting with buyers. The company offers a proprietary CRM solution to enable loan distributors to better manage their customers.

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