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2015-06-04

Preventive healthcare start-up Allizhealth raises $350K from Mumbai Angels

Allizhealth plans to use these funds to enhance its service offerings, expanding their team and building a robust health analytics backend.

Allizhealth, a healthcare technology venture based out of Pune has 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 Allizhealth. Allizhealth has 3 more co-founders: Dr. Rasmi Mishra, Gaurav Vij and Dhairya Gupta.

“The Indian healthcare system is ailing. 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,” said, 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,” said, Prashant Choksey, Co-founder, Mumbai Angels.

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