Last week when we featured the exclusive interview of Abhinav Krishna, CEO & Co-Founder – OurHealthMate, little did we know that something wonderful awaited him. The interview revolved around market potential, business model, challenges, opportunities and their future road map. Today, the Singapore based healthcare startup has updated us that they have raised $440,000 USD in seed funding. The funding round was led by Bimal Shah, heading an international syndicate of business angels and is supported by Singapore-based Benjamin Tsai and a second international angel syndicate led by high frequency trader Ben Ball.
Talking about the company’s first round of funding, Abhinav Krishna said
“We’ve been incredibly lucky with this business – people seem to understand it and its potential. It was humbling to receive several firm offers from both funds and high net worth individuals. Several of them would have given us more cash than we have closed today. But in the end the hands-on engagement and strategic connections that our new shareholders bring, particularly to enterprise partners, made those factors even more valuable as we scale up rapidly.”
OurHealthMate – an online health care startup is a pioneering approach to the health check-up process, making it easier for a lot of families. The service is quite popular among NRIs, who are willing to ensure the best and regular heath check-ups of their parents.
Sending a ‘thank you note’ to Dazeinfo, Abhinav, CEO and Co-Founder – OurHealthMate, says “Though we were already funded by the time we got covered Dazeinfo helped me in connecting with people. They connected us with like-minded professionals and seasoned investors that helped me understand a bit about what kind of investment we want to bring in and the options available.”
OurHealthMate developed their business through JFDI Asia 2013 program that resulted in seed funding. The funded investment would be used in team expansion in India and Singapore, and to expand its hospital network across Asia. Currently, OurHealthMate has got 6 employees and has signed up over 2,000 doctors, 700 hospitals and 70 cities across India.
Those who missed out on Abhinav’s interview in which he disclosed how he was able to identify a billion dollar opportunity by tracking 22 million NRIs, here is the link to the interview.