Dealflow | May 11, 2017

Angel investor backs HealthMir information hub in India

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Nimit Panigrahi, a veteran of India’s insurance industry, has made a seed investment of an undisclosed amount in the health app.

HealthMir is an information hub for patients in India, offering 2,000 videos on 500 conditions, ranging from noncommunicable diseases like diabetes, to women’s health, to hair and skin care. Like other new healthtech services, HealthMir also allows users to book consultations with its 2,000 doctor and 100 hospital affiliates (see, “Credihealth raises $1.5 million to provide healthcare information in India”).

India’s booming healthtech sector is a response to a shortage of doctors and specialists and a shifting burden from communicable to noncommunicable diseases as India’s growing middle class adopts new habits.

“Every twentieth search in India is around health and diagnosis,” says HealthMir’s Abhash Kumar. “We give [users] a platform where they can understand their symptoms.”

The funding will help HealthMir expand to major metro areas and translate the app into multiple languages.