Accel India to invest $2.5 million in Health portal HealthCareMagic

HealthCareMagic, a health and wellness portal, which I reviewed earlier, has raised series A funding of $2.5 million from Accel India. The startup has around 50 employees, of which 34 are doctors.

The funding will be used to improve infrastructure, sales & marketing and call center.

That is great news !!  Its great to see startups execute so well and move to the next set of challenges ! VC funding is definitely a great validation of their idea and execution.

via VCCircle

  • Print
  • Facebook
  • email
  • HackerNews


  1. Some time back, I had a small discussion with Shekhar Palash-the guy who seems to be behind this venture.

    I too had brought up with him, the issue of reliability of such reviews. Myself and one another member who participated in that thread(, we being in medical profession know how wrong patient reviews can be. He replied that they would be scrutinizing each and every review by verifying identities of both parties involved.

    Also I am not sure how honestly the operations will be carried out. Most large-scale private hospitals cannot survive without “marketing”.

    He also said that advertising from pharma companies will be their major source of income. But I doubt if that will stand true because pharma is doctor-promoted industry. Patients mostly have to buy those brands prescribed by the doctor.

    Overall, I feel this is just gonna made it a commodity! Lets see how it works!

  2. Wow! This could be one particular of the most useful blogs We’ve ever arrive across on this subject. Basically Wonderful. I’m also a specialist in this topic so I can understand your hard work. gedgbaekdakc

Leave a comment