Medd, a Mumbai-based diagnostics booking app, has raised $150K in a funding from a group of angel investors. The round saw participation from doctors, senior management of pharma, e-commerce and investment banking.
Medd plans to use the funds to expand its network of service providers, increase its team, strengthen technology interface and initiate marketing and branding efforts.
Medd Started in May this year , offers a platform to users for booking and managing diagnostic tests by giving 15-50% discount on all diagnostic tests in the best of labs.
Arpit Kothari, founder & CEO of Medd, said that they initially conceptualised the idea as not-for-profit in 2011, where they partnered with the best labs in the city with NABL (ISO 15189) accreditation. “In four years they have grown from one center with almost no patients to 15 centers in 3 cities and serving over 100,000 patients a year”, he added.