HDFC Private Equity takes stake in MediAngels / The Hindu / Aug 05, 2011
 
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HDFC Private Equity has taken a 12 percent equity stake in Mediangels.com an e-super specialty consultation platform company, for Rs.250 crore.

The company is engaged in providing comprehensive multi-super specialty services to patients from the comfort of their homes and at the time convenient to them.

MediAngels has 350 super specialists on its panel from 22 countries. According to Debraj Shome, Co-Founder and Director, MediAngels was in talks with multiple private equity funds to get $ 10 million funding. At present, the company has an equity capital of Rs. 8 crore.

The fund will be utilized for the development of modules such panel consult, video consult and virtual OPD platform, eConsult and eRadiology platform. The website also has links with around 21,000 accredited diagnostic labs across India.

MediAngels.com has provided services to around 1,500 patients who have received expert opinion from specialists based out of the U.S Europe and many other locations, according to Arbinder Singal, another Co-founder and Director.

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