startup funding

Modasta Raises $1.5M Angel Funding from a Consortium of Mauritius Based HNI Investors

0
modasta

Senior technology and medical professionals have joined forces to found Modasta, the first India focused health content portal. The platform, which already has over one million registered users in a three month pilot, offers multi-lingual and credible health content curated by Indian doctors for the Indian health-seeker. The startupis founded bya team of entrepreneurs comprising Bikram Barman, CEO and Co-Founder of Modasta and ex Accenture & Yahoo executive, IIM alumnus PankajPandey, COO and Co-Founder, and Dr. Geethanjali, Chief Content Officer and Co-Founder. The three-member founding team, who comes with 40 years of cumulative experience in healthcare, technology, social business and entrepreneurship, raised US$1.5 million from a consortium of Mauritius based HNI investors. The funds have been strategically allocated for business growth, technology upgradation, talent acquisition and marketing outreach activities.

Indian health-seekers, who were earlier compelled to peruse international health portals like WebMD and Mayo Clinic, will now have an India centric platform as their first point of reference. The platformprovides content in English, Hindi, Telugu and Tamil, with plans on the anvil to extend the number oflanguages. Modasta, not only provides easy to access content in the format of articles and videos, but also offers health forums to exchange knowledge and experiences. The startup will also be expanding its range of offerings to include telehealth comprising online doctor consultation services, thus becoming the first holistic healthcare service provider for health-seekers across India.

Bikram Barman, Co-Founder & CEO, Modasta said, “The healthcare industry is witnessing a robust growth trajectory, and at Modasta, we are aiming for a large slice of this lucrative US$280 billion industry.As the first of its kind initiative in India, Modasta will service the length and breadth of the country with pertinent content on a plethora of subjects from lifestyle diseases, mental health, women’s health, men’s health, sexual health and pediatrics amongst others. At Modasta, we endeavor to become the first ever one stop shop for health-seekers, something which no other health-tech company has managed to achieve to date in this space.’’

Modasta has a medical and tech team strength of 50 employees comprising doctors and developers. There areplans to double the head count by next year. 

Like this content? Sign up for our daily newsletter to get latest updates.

Comments

Comments

This site uses Akismet to reduce spam. Learn how your comment data is processed.