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Online medical service MediAngels receives Rs 2.5 crore series A from HDFC’s PE arm

Angels Health Pvt. Ltd, which operates MediAngels.com as an
online medical service has received series A funding from the private equity
unit of HDFC which has bought around 12 per cent stake in the company for Rs
2.5 crore. MediAngels provides online consultation from around 300 doctors on
its panel from at least 22 countries. The website also has links with around

Angels Health Pvt. Ltd, which operates MediAngels.com as an
online medical service has received series A funding from the private equity
unit of HDFC which has bought around 12 per cent stake in the company for Rs
2.5 crore. MediAngels provides online consultation from around 300 doctors on
its panel from at least 22 countries. The website also has links with around
21,000 accredited diagnostic labs across India. Users need to pay Rs.500 to
register and can then upload queries that are addressed in three days.

“We have picked up a minority stake in this venture as it
was a unique idea backed by professional doctors,” VS Rangan, executive
director, HDFC has told Mint.

“The first investment in this start-up venture
from HDFC demonstrates the great value that this new concept holds in the
modern healthcare scenario. Mediangels.com has provided services to around
1,500 patients who have received expert opinion from specialists based out of
the US, Europe and many other locations,” Dr Debraj Shome, co-founder,
MediAngels.com has said.

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