Healthcare startup Medpho raises $1M from Cygnus Medicare Group, others

Medpho Team
Medpho Team

Medhpho will be using the freshly raised funds to expand in new markets, innovating and providing complete healthcare services to rural and urban consumers.

A Noida based healthcare technology startup, Medpho raised $1 Million in an angel round led by Cygnus Medicare Group, Probal Ghoshal (Chairman, Amar Ujala), Shuchin Bajaj (Founder and Director of Ujala Cygnus), and Raghavendra Prasad (Founder, Project StepOne).

Shashank Saini Founder of Medpho
Shashank Saini Founder of Medpho

Speaking on funding, Founder of Medpho, said, “We thank our investors who believe in Medpho’s vision. We will be using the raised funds in innovating our product, strengthening our technology stack and hiring new and talented team members. Through our strategic alliances, technological advancements, and offerings, we want to create a value-based healthcare brand for communities with an emphasis on affordability and convenience.”

Shashank Saini founded Medpho in October 2020. This healthcare startup aims to disrupt the current healthcare industry by being a one-point solution for all essential healthcare needs for consumers.The USP of this startup is they provide unlimited telephonic consultation for lifetime and zero waiting time to all the communities.

The healthcare startup has successfully impacted the lives of 1 Lakh people so far with its online and offline services. Medpho integrates all the medical processes in one platform i.e doctors, pharmacies, ambulances, medical equipment, and diagnostic services. Medpho has partnered with 600+ doctors and 100+ supply partners to facilitate medical services, medicine delivery, and diagnostic services.

Medpho’s customers include Sequoia Capital India LLP, British High Commission, Midland Credit Management India, Crown Plaza Hotel & Resorts, Shoppers Stop Ltd, etc. The startup also works with government bodies in providing last-mile healthcare services, such as teleconsultation, medicine delivery, and building COVID-19 care centres and manpower supply (paramedics and nurses).

 “We believe Medpho, with its affordable and quality healthcare services, will create a high impact on the Indian healthcare ecosystem,” said Dr Shuchin Bajaj, Founder Director, Cygnus Medicare Group.

He added, “To transform the healthcare industry, it is important to identify grassroots changemakers and back them with sufficient resources. Medpho is one of the key players in the foundation of a robust healthcare system in India, with its nucleus of providing affordable and accessible medical care across the country.”