Modasta raises $1.5 mn in angel funding

Health content portal Modasta has raised USD 1.5 million (around Rs 10 crore) in angel funding from a consortium of Mauritius-based high net worth investors.
The funds have been allocated for business growth, technology upgradation, talent acquisition and marketing outreach activities, the company said in a statement here.
The platform, which has attracted over one million registered users during its three month pilot, offers multi-lingual health content curated by Indian doctors, it said in a statement here.
The startup is founded by a team of entrepreneurs comprising Bikram Barman, CEO of Modasta; ex-Accenture and Yahoo executive, IIM alumnus Pankaj Pandey, who is chief operating officer, and Geethanjali, the chief content officer.

"Indian health-seekers, who were earlier compelled to peruse international health portals like WebMD and Mayo Clinic, will now have an India centric platform as their first point of reference," it said.
The platform provides content in English, Hindi, Telugu and Tamil, with plans on the anvil to extend the number of languages.
The startup will also be expanding its range of offerings to include tele-health comprising online doctor consultation services, it said.