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Portea acquires majority stake for undisclosed amount in PSTakeCare

PSTakeCare team was founded in March 2015 by IIT Bombay graduates

BS Reporter  |  Bengaluru 

Portea
Portea

In-home medical care provider Medical on Monday said it has picked up a majority stake for an undisclosed amount in health-tech startup The latter's solution helps consumers with relevant knowledge on doctors, hospitals and other health care service providers enabling consumers to take decisions based on factors such as insurance coverage provided, procedure-specific feedback and room-wise costs.

The platform also presents actual photographs of medical facilities and will use advanced analytics and consumer feedback to provide comprehensive information to patients.

The 40-member team was founded in March 2015 by Pratik Chinchole, Rahil Momin, Anup Raaj, graduates of IIT Bombay, and Shirin Shinde, who studied at the Institute of Chemical Technology, Mumbai.

"The tech platform that has built places the patient at the centre of the healthcare universe and this focus on the Patient is a shared goal for both companies," said Meena Ganesh, MD & CEO of

"There is an urgent need for greater transparency in India's healthcare system. We would like to become the first port-of-call for patients seeking information on doctors, hospitals and labs for any medical procedure. Going forward we will PSTakeCare's technology equips healthcare consumers with relevant knowledge on doctors, hospitals and other healthcare service providers enabling consumers to take healthcare decisions based on factors such as insurance coverage provided, procedure-specific feedback and room-wise costs," said Pratik Chinchole, Co-Founder & CEO of PSTakeCare.

has more than 4,000 staff and handles about 70,000 home visits a month across 24 cities in India.

The company focuses on general primary health care, post-hospitalization care, chronic disease management and allied services such as diagnostics and medical equipment on hire, all at patients' door-step. The company has more than 50 hospitals as its partners across India.

It had received Series B funding of $37.5 million from Accel, IFC, Qualcomm Ventures and Ventureast in September 2015. Portea had also acquired specialty pharmaceutical distributor, MedybizPharma in November 2015.

First Published: Mon, January 18 2016. 20:00 IST
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