Healthcare startup HealthSignz has raised $5 million (approx Rs 34 crore) funding in a round led by Dr. Kantilal Patel, founder of Nirvana Health Group, a New Zealand based primary healthcare group.
The Bengaluru and Hyderabad based company is an artificial intelligence driven healthcare platform which uses a proprietary Health Intelligence Engine (HIE) to help users. The company has come out with an app which can be used as a mobile health solution.
The company has tied up with hospitals, pharma, diagnostics, wellness, healthcare devices and essentials to help customers get the required service.
“We see tremendous market opportunity in healthtech. Accessibility and affordability to basic healthcare treatment continues to be a challenge. With exponential rise in mobile usage the market is ripe for us to reach healthcare solutions to remote corners across India,” said Hanumantha Rao, CEO of HealthSignz.
For the end user, HealthSignz serves as a real-time personal health advisor. It helps users keep tabs on fitness and diet, among others. The company, was founded industry veterans Hanumantha Rao, Dr Vinod P Nair, Dr Ram Papa Rao and Surendranath in 2014. The company has been developing its product and running pilots over the past four years.
“As an asset-light venture with investments focused on where highest returns can get generated, HealthSignz digital platform creates a unified connect between every consumer and multiple facets of the healthcare ecosystem enabling scalability, geo-spread and efficient medical delivery to all,” said Dr. Kantilal Patel, Founder of Nirvana Health Group.