Monday, 7 March 2016

Allizhealth raises $350K from Mumbai Angels and marquee individual angel investors



                           






Preventive Healthcare Start-up Allizhealth raises $350K from Mumbai Angels and marquee individual angel investors including Dr. Ranjan Pai, Chairman - Manipal Education and Medical group and Mr. Rahil Shah, Director at NM Medical.

June 2nd 2015,

Allizhealth (www.allizhealth.com ), a healthcare technology venture based out of Pune, is building a healthmanagement platform with an aim to help people manage their conditions better and empower them to make the right health choices, at the right time. In order to grow faster, Allizhealth raised $350K from Mumbai Angels and other individual angel investor such as Dr. Ranjan Pai. The funding round was led by Dr.Aniruddha Malpani, member at Mumbai Angels. Allizhealth plans to use these funds to further enhance its service offerings by improving their mobile app, expanding their team and building a robust health analytics backend.

“We are very thrilled with this round of funding from Mumbai Angels, and consider it a validation of our idea and vision. Healthcare in India is primarily curative and with increasing burden of NCD’s and other lifestyle related conditions, it is imperative that we start working towards a culture of preventive health. This round of funding is a step in that direction, to make AllizHealth a pioneer in the space of preventive care and risk management.“ Chinmoy Mishra, Co-founder, Allizhealth

Chinmoy is an NIT Rourkela graduate and an MBA from Babson College, Boston. Prior to co-founding the start-up, he worked with a US-based technology and health insurance company Aetna. He returned to India in 2008 and was associated with another healthcare venture before starting AllizhealthAllizhealth has 3 more co-founders: Dr. Rasmi Mishra, Gaurav Vij and Dhairya Gupta.

“The Indian healthcare system is ailing. There are too many patients, and not enough doctors. The increasing tension and mistrust between doctors and patients is just making a bad situation worse! The industry is ripe for disruption, and start-ups such as AllizHealth, which focus on putting patients first, will do very well. They can leverage technology to create a trusted platform for patients and doctors. This will help health insurers keep their customers happy; and employers keep their employees productive. The focus should be on prevention, rather than on illness care, by empowering users with trusted information that is tailored to their needs” Dr. Aniruddha Malpani, Deal Lead, Mumbai Angels

“We are happy to have completed the funding in a crucial space such as Preventive healthcare. We at Mumbai Angels believe that technology is changing the way we live and operate in our daily lives and preventive health care is one industry that will benefit highly from this. We are very excited about the healthcare sector as a whole” Prashant Choksey, Co-founder, Mumbai Angels

Mumbai Angels is one of India’s largest angel networks with 200+ members and operating in 3 active chapters; Mumbai, Delhi and Bangalore. They have completed over 76 investments in the start-up ecosystem spanning across multiple sectors focusing primarily on seed and early stage companies.

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