HDFC PE Fund buys 12% stake in Angles Health

HDFC Private Equity Fund has acquired 12% stake in Angles Health, a global multi-speciality e-hospital service provider which manages mediangles.com.

"Deepak Pareakh's HDFC Private Equity Fund has picked up 12% seed capital recently," co-promoter of Mediangles Arbinder Singal said.

"We are looking for more funds to rollout more services on mobile, for video-conferencing and round the clock doctors' call-centre and other services," another co-promoter of e-hospital concept Debraj Shome said.

After nearly two years of tests, Singal and Shome had launched www.mediangels.com, a super-speciality consultancy, that makes doctors accessible to people over internet or phone.

The service, launched in January this year, makes taking second opinion from the panel, which consists of a team of 300 doctors from over 85 super-speciality hospitals across 25 countries, a click away at affordable rates.

Singal said they were also trying to tie-up with the Madhya Pradesh and Maharashtra governments to offer the solution to the rural areas.

"We have planned three physical centres at Indore, Vadorara and Bhopal. If the model of physical centres connected with our network works then we will rollout across the country," he said.

Shome said the company is also in talks with cyber cafes to make them contact points for MediAngles, but at the same time is cautious about possibility of misguidance by them.