Mumbai Angels has invested an undisclosed amount in Bangalore based Insta Health Solutions (IHS), a start-up company providing hospital IT solutions. The company had recently announced raising about $1 million from Inventus Capital Partners.
Apart from two former Wipro veterans, Mr Ramesh Emani, former President of Wipro (Telecom & Production Engineering Solutions) and Mr S. Muralikrishnan, earlier Vice-President at Wipro, the company was founded by Dr NK Venkataramana, well known Neuro Surgeon and Vice Chairman of BGS Global Hospital in Bangalore, Mr Vasan Subramanian, former Managing Director of Barracuda Networks India and Mr K.N. Venkata Raju, CEO of Bob Tech Solutions Pvt Ltd.
Instahealth is focused on Tier 2 hospitals and cities /towns which have not so far been able to leverage the benefits of the IT revolution.
Unlike other service providers in this industry, InstaHealth’s target segment is healthcare units of 20 to 200-bed establishments. Their product Insta HMS, is an integrated hospital management software for hospitals and helps hospitals in automating the entire process of hospital administration.
Insta HMS is provided both as a hosted application over the internet and also as a licensed version.
Some of the recent healthcare funding:
- GreyLock Invests $4mn in HealthHiway, Healthcare SaaS startup
- Aavishkaar India Invests in Swas Healthcare, Naturopathy clinics and hospitals
- Nexus Venture Partners Invests in Deccan Healthcare, Nutraceutical Firm
- Rural Healthcare Startup, Vaatsalya raises fund from Oasis and Seedfund