Monday, 23 July 2018

AllizHealth: Mumbai Angels Portfolio Company, acquired by Symple Wellness


AllizHealth – A Mumbai Angels Network Portfolio Company, is acquired by Singapore based Symple Wellness

Mumbai, July 23, 2018:  Mumbai Angels Network, (MA Network), India’s leading early stage investment platform, is pleased to announce the acquisition of their portfolio company AllizHealth, by Singapore- based health tech firm, Symple Wellness Platform Pvt. Ltd. do we have their website link

Allizhealth is a Pune-based wellness and health analytics platform. The preventive healthcare startup analyzes a repository of health records to predict a patient’s health risk.  The company was founded in 2013 by Rasmi Mishra, Gaurav Vij,Dhairya Gupta, and Chinmoy Mishra.

Symple Wellness offers services in digital health records, health risk assessments, doctor consults, health check-ups, health coaches and condition management programs.  With this acquisition Symple Wellness will get access to superior technology capabilities and a highly qualified team to propel their growth.

MA Network raised funding for Allizhealth in 2015.  The round was led by Deal Lead, Dr. Aniruddha Malpani, a healthcare domain expert and seasoned angel investor.

Commenting on the acquisition, MA Network CEO & Managing Director Nandini Mansinghka said, The value of any investment is unlocked only when there is an exit for our investors. We are fortunate to have partnered in AllizHealth’s journey as the company built out a market validated healthcare analytics platform. We are actively building on our healthcare portfolio which we believe will continue to drive value for both entrepreneurs and investors.
About Allizhealth
AllizHealth is a technology venture in the preventive care space, building a consumer focused “wellness & health analytics platform” for early identification, tracking and management of health risks and conditions. The platform also enables users to store/access/share health information more efficiently, track various health risks and parameters, store digitized health documents and also connect with caregivers.

About Mumbai Angels Network
Started in 2006, Mumbai Angels Network (The MA Network) is India’s premier investment platform focused on investments in new ventures. The MA Network is today 300+ members strong across 6 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad and Pune). We have built a strong investment framework through which we showcase 60-70 highly curated investment opportunities to our member base, chosen from a funnel of 800-1000 companies we review every month. The network now has a 120+ strong portfolio with 30+ exits. several of whom were at multiples comparable with global benchmarks in new venture investing

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