myUpchar, a platform that offers health-related information in around 13 regional Indian languages, has raised a total sum of $5 million, which is equal to more than Rs.35 crore, in funding from Omidyar Network, Nexus Venture Partners, and Shunwei Capital.
The company released a statement saying it will now be looking to develop its technology and product offering to further strengthen its virtual, video, and voice reality interfaces. Along with this, the company will also be developing new interfaces that will make the remote provision of health-related services an actuality in the country.
myUpchar is presently accessed by over 10 million people across the country. The firm is now targeting to serve more than 500 million individuals across India. The company has partnered with doctors in an effort to offer content related to health across various disciplines such as homeopathy, allopathy, and ayurveda.
The company had previously raised a sum of $300,000 in seed funding from Mr. Rajan Anandan, who is employed with as a Managing Director with Google India, Mr. Alok Mittal, who is the CEO and Co-Founder of Indifi, Mr. Mohit Satyanand, the Founder of Teamwork Arts, and also Currae Healthtech Fund.
myUpchar, which is based out of Delhi, India, was launched in the year 2016 by Mr. Manuj Garg and Mr. Rajat Garg. The company’s text to speech technology and voice search feature helps customers across the country access health content without having to read or type information into their phones.
Sources: The Times of India, Livemint