Ratan Tata invests in MUrgency Inc

Tata Sons' chairman emeritus Ratan Tata has invested in the medical emergency response mobile app provider, MUrgency Inc, the company said on Tuesday.

"Tata's involvement is an affirmation of the importance of a reliable emergency medical response network for the world, and of course India, to save lives which are otherwise lost for want of timely medical attention," said company's founder Shaffi Mather.

"He clearly wanted us to launch and grow the network in India first before taking it overseas. His investment in the company will help attract leading talent to the company and major partnerships beyond India," said Mather.

The start-up company said it would use the proceeds of the funding to augment technology and scale operations besides leveraging Tata's experience and network as a global business leader to develop the emergency response network globally through appropriate partnerships.

The app is live on iOS and Android app stores and several features are accessible across the world already, said app provider's director (global emergency response) Sweta Mangal.

Tata has made more than 25 investments in start-ups in the last two years.

The mobile app provider plans to make its services available across India by 2018 and around the world by 2020.

It launched its services in TriCity area in Punjab in February with a responder network of 36 hospital emergency rooms, over 40 ambulances and more than 350 medical professionals, it said.

The company will also commence its services in Amritsar and Jalandhar in the current month and plans to cover entire Punjab by June end.

Founded in 2014 by Mather in Silicon Valley and incubated out of Stanford Change Labs, the company received investment from Kris Gopalakrishnan and S.D. Shibulal-led Axilor Ventures.

--IANS

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