Investors – Online Hospital | MediAngels.com

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VenturEast invested in February 2014.

Ventureast is a pioneering Indian venture capital firm with close to $300 million under management. Ventureast Tenet Fund is the first-of-its-kind Co-creation Venture Capital fund focused on disruptive technology (Cloud, Mobile and Internet), and technology-enabled services startups in the Healthcare, Financial Services and Education sectors. Mr. Satish Andra from VenturEast is on the Board of Directors of MediAngels.

TDB invested in May 2013.

The Government of India constituted the Technology Development Board (TDB) in September 1996, as per the provisions of the Technology Development Board Act, 1995. The Act enables creation of a Fund for Technology Development and Application to be administered by TDB. The Fund receives grants from the Government of India out of the Cess collected by the Government from the industrial concerns under the provisions of the Research and Development Cess Act, 1986, as amended in 1995. TDB has partnered with venture capital funds within its scope with a view to leverage investment in technology oriented venture and supported R&D initiatives by the incubator though it’s Seed Support Fund. The initiative of TDB has given confidence to Venture Capitalist/ Private equity funds to come up in big way to support the technology based projects with a pronounced emphasis on sectors which are growth drivers of Indian economy. The fund targeted to support, technology oriented ventures in various sectors such as IT / ITES, Biotechnology, Health, Telecommunication, Nano-technology etc. to widen its scope with a view to leverage investment in innovative projects.



HDFC invested in March 2011.

Angel Health Pvt. Ltd, the management company for MediAngels received seed venture capital funding from HDFC Holdings Limited, a wholly owned subsidiary of Housing Development Finance Corporation Limited. The funding was received in March 2011 and helped Angels Health to expand and grow into a world class online health platform. HDFC group is one of the three largest financial and corporate houses in the country with Mr Deepak Parekh at its helm. Since its inception in 1977, the Corporation has maintained a consistent and healthy growth in its operations to remain the market leader in mortgages.





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