HealthCareMagic secures funding from Accel India


HealthCareMagic secures funding from Accel India

Healthcare startup (quite a spammy one – they used to flood’s forums with tons of health related content), HealthCareMagic has raised $0.5mn from Accel India.

While there are reports of the funding amount to be $2.5mn, we have learnt that the amount invested is $0.5mn (at the cost of ~10-15% equity).

HealthCareMagic has earlier partnered with Reliance to launch a tele-medicine service (‘Doctor-on-call’), which enables Reliance users to use HealthCareMagic’s service – and consult with HCM’s on-premise doctors.

Have you used HealthCareMagic’s service? Any feedback/opinion?

Also see: Find Doctors/Hospitals online – Grand collection of Indian medical portals

Update: Funding will be done in tranches (i.e. based on certain milestones). The total amount currently dispensed is $0.5mn, while the promised is ~$2.5mn (~40-45% equity)

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