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Healthcare startup MedECube raises $4M from Artiman Ventures


Healthcare-tech startup MedECube that helps patients access emergency care, has raised $4 million in a Series A funding led by California-based VC firm Artiman Ventures, reports DealStreetAsia.

MedECube primarily provides patients with customized healthcare solutions, allowing them to interact with doctors and experts from across the globe. The Gurgaon-based startup, founded by Dilpreet Brar, helps provide critical healthcare needs of a patient though a team of experts in its network. It works towards creating an appropriate treatment plan for patients who approach them. The company analyzes a patient’s existing medical documents/reports, and helps them by providing access to required healthcare from local as well as a global network of doctors, experts, and hospitals.

Pre-travel services: The firm also focuses on both domestic and international clients. Its in-house doctors and experts evaluate a patient’s condition and share it among physicians under its network of hospitals. For example, patients consulting from outside India are provided with visa and air-travel arrangements once a treatment plan is generated. In some cases, MedECube keeps constant coordination between doctor and patient even after their consulting visit to India.

Telemedicine is growing field: According to a report consolidated by Indian Brand Equity Foundation (IBEF), the private healthcare sector in India is emerging as a growing force, accounting for almost 74% of the country’s total healthcare expenditure. It also points out that the ‘Telemedicine’ industry, which allows the use of technology to provide remote clinical healthcare is ‘fast-emerging’.

Similar developments in the healthcare industry:

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-In February, healthcare startup Dawailelo which helps people connect with medical stores, doctors and pathology labs raised around $52,000 in seed funding.

-In the same month, JustDoc, a Bangalore-based healthcare startup raised seed funding from Mohndas Pai, InMobi co-founder, among others.

– In November 2015, Portea Medical, an in-home healthcare and other medical services company,  acquired  MedybizPharma for an undisclosed amount in a cash and stock deal. It  raised $37.5 million in a Series B round of funding in September 2015.

-In October 2015, online pharmacy Netmeds secured $50 million in a funding round led by OrbiMed. The startup was launched in June ’15 and offers a selection of both prescription drugs and non-prescription products besides personal care, wellness and household products.

-In August 2015, former iGate CEO Phaneesh Murthy launched his new health exchange startup, Zigy.com. It claims to connect Indian residents with doctors, clinics, hospitals, pharmacies, diagnostic labs and providers of wellness products and services, insurance, home care services and alternative medicines.

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