FinanceNews

Medpho raises $1 M from Cygnus Medicare Group

To strengthen healthcare care services in India

Medpho, a healthcare technology startup, has raised $1 million in an angel funding round, led by Cygnus Medicare Group, Probal Ghoshal, Chairman, Amar Ujala, Dr Shuchin Bajaj, Founder & Director of Ujala Cygnus and Raghavendra Prasad, Founder, Project StepOne. With the received funding, the startup aims to focus on strengthening the company’s position in the market, expansion, innovation and provide complete healthcare services to rural and urban consumers.

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Shashank Saini, Founder, Medpho said, “We are fortunate to find investors who believe in Medpho’s vision, and backed us on this novel project. We will be utilizing the investments to expand our team and scale up our technologies and product innovations. Through our strategic alliances, technological advancements and offerings we want to create a value-based healthcare brand for communities with an emphasis on affordability and convenience.”

Dr Shuchin Bajaj, Founder Director, Cygnus Medicare Group said, “We believe Medpho with its affordable and quality healthcare services will create a high impact on the Indian healthcare ecosystem.”

He further added, “To transform the healthcare industry, it is important to identify grassroots change makers and back them with sufficient resources. Medpho is one of the key players in the foundation of a robust healthcare system in India with its nucleus of providing affordable and accessible medical care across the country.”

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