Healthcare startup (quite a spammy one – they used to flood pluGGd.in’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?
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)