Back News / MyHealthcare raises $3 million from Sixth Sense Ventures

MyHealthcare raises $3 million from Sixth Sense Ventures

April 19, 2019

Digital healthcare platform MyHealthcare has raised $3 million as part of its ongoing Series A round from Sixth Sense Ventures, a domestic consumer-focused fund that had so far backed companies in the retail, logistics, services and consumer products sectors.

MyHealthcare, a Bengaluru and Gurugram-based company, said it would utilise the capital to expand across Southeast Asia.

“Our endeavour is to build the digital healthcare delivery protocols in partnership with the best hospitals in the private health sector and work towards enhancement of primary and secondary public healthcare needs in partnership with national and state governments,” said Shyatto Raha, founder and CEO of MyHealthcare.

MyHealthcare works with hospitals, diagnostic labs and speciality health clinics to build a suite of enterprise software solutions for healthcare players.

With 70% of India’s healthcare services concentrated in just the top 20 cities, MyHealthcare wants to utilise technology and a data-driven approach to help all players reach more patients and reduce cost of care.

The company said it expects the market for mHealth in India to touch $1 billion by 2020.

“With MyHealthcare improving commercials for hospitals and healthcare providers, enhancing customer experience and at the same time running on a transaction oriented sustainable business model, it is best positioned to capture the large opportunity and create value,” said Nikhil Vora, founder and CEO of Sixth Sense Ventures.

Sixth Sense Venture is a Rs 500-crore fund that has backed ed-tech firm Eupheus Learning and holiday accommodation firm Saffron Stays among others.