Health info app myUpchar raises over Rs 35 crore in Series A funding
New Delhi: myUpchar, a leader in providing health information in Indian languages, has announced raising funds worth USD 5 million (over Rs 35 crore) from Nexus Venture Partners, Omidyar Network, and Shunwei Capital.
Accessed by more than 10 million people, myUpchar will use the funds to enrich its product and technology offering that will include further strengthening of voice, video and virtual reality interfaces along with the development of newer interfaces that will make large-scale remote provision of health services a reality.
myUpchar is looking to serve the more than 500 million aspirational Indians who want quality information and services but are unable to access them either because they are not available locally or are not available in local languages.
"We have a unique opportunity to solve the acute awareness and access problem in the healthcare space. Our focus over the next couple of years is to address this gap via technology and content. myUpchar platform will become the one-stop solution for every Indian seeking healthcare information and services in Indian languages. As our technology gets smarter and smarter, we will personalize every user's experience to enhance our ability to have a real impact on their health outcomes," said co-founder and CEO, myUpchar, Rajat Garg.
"We are truly excited to partner with Rajat and Manuj on their mission to build the definitive healthcare access gateway for the Bharat market which has its own unique healthcare challenges," said MD, Nexus Venture Partners, Sameer Brij Verma.
"myUpchar has the potential to solve for health information and infrastructure asymmetry for the masses, closely aligned with the government's National Health Protection Mission," said Investment Partner, Omidyar Network, Siddharth Nautiyal.
"We strongly believe that Rajat and Manuj will continue their success to build myUpchar into the default destination for the healthcare needs of 500 million vernacular users," said CEO and founding partner, Shunwei Capital, Tuck Lye Foh.
myUpchar has partnered with doctors to create credible and authoritative health content in 13 Indian languages across various disciplines.
myUpchar was founded by Rajat Garg and Manuj Garg on 2016. It is a health information app which offers information on various disciplines like allopathy, Ayurveda, and homeopathy.