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Business Standard gets internal fund infusion worth USD 50Mn from Policybazaar

ANI  |  New Delhi [India], the latest by and has announced that it has received initial internal funding of USD 50 million from the parent company.

The also owns India's leading insurtech brand and leading lending marketplace,

"Healthcare sector has a lot of untapped potential and currently, the services are not affordable and accessible for all. With rising out-of-pocket expenses, there's a need to provide at competitive prices that can be accessed by anyone, anywhere. As a Group, we wholeheartedly support's vision to provide a customized experience and maximize health benefits for everyone," said and co-founder, of Companies, Yashish Dahiya.

"We intend to use the capital in providing seamless user experience and bringing innovation in the Our focus is to make the services more customer-friendly driven by transparency, trust and sustainability. We are bringing innovation through use of various like AI, data science and deep analytics," said,

"Our core offerings include through chat and phone from our in-house doctors, and discounted doctor and lab appointment bookings to encourage consumers in seeking expert medical advice and getting right solutions in a timely manner. Soon, we will also bring a unique OPD subscription-based product, which will cover unlimited consultations and diagnostic tests," added Gupta. has tied-up with 14,000 doctors and 5,000 diagnostic labs at present and aims to expand its network to 1,50,000 doctors and 20,000 labs across 100+ cities. Currently, appointments can be booked with doctors and labs based in Delhi-but from next month onwards, the facility will be made available across all major cities including Mumbai, Bangalore, and

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, September 17 2018. 17:25 IST