Focused on creating prominence in care for expecting mothers, Bengaluru based startup PregBuddy on Monday announced that it has raised an undisclosed amount in a seed round of funding from Indian Angel Network (IAN), India's first business angel network.
Other investors who participated in the round include Rajan Anandan, an IAN member and MD Google India; Madhusudhan Kannan, chief business officer of Uber India and emerging markets; Jayant Kadambi, co-founder and chairman of YuMe, and Puneet Gupt, COO(News Business) of Times Internet Limited among others.
Renowned angel investor and founder of India's first healthcare incubator - HealthStart, Pradeep K Jaisingh, is the lead IAN member joining the company board.
Addressing a huge gap, PregBuddy ensures a timely and easy delivery of high-quality medical care through their continuum platform between doctors and expecting patients.
The platform offers personalised healthcare via peer support, organised information, expert access for nutrition, fitness and emotional advice, in addition, to affordable access to essential products and services.
"Technology is playing a defining role in today's healthcare system both for enhancing quality and improving access to healthcare in India. PregBuddy has emerged as an exciting new platform for both caregivers and patients alike, leading to great improvements in patient satisfaction, reduced costs, and improved health outcomes," said lead IAN investor Pradeep K Jaisingh.
"The company has had phenomenal success so far in this domain and we believe they will continue to excel in the industry to be a market leader," he added.
"Over the past 1.5 years, we've seen the impact of our product on expecting mothers' lives. Every day we have at least 100 mothers who are delivering their babies after using PregBuddy. This provides us immense satisfaction and boost to our team to do more. We plan to utilise this investment to expand our team and scale up the platform," said S.L. Sivareena, co-founder, and COO at PregBuddy.
"We're actively looking to hire few passionate people in fields of technology, marketing and business development who will join our core-team and work closely with the cofounders and grow along with them," S.L. Sivareena added.
PregBuddy has already seen traction of over 60,000 users and has been growing organically by 20 percent, month-over-month.
Most of their users are first-time moms, living in nuclear families who find the PregBuddy app very useful.
The startup was selected by Google for their first cohort of Solve for India and its Launchpad Build program.
They have recently been awarded by actor Akshay Kumar, Asian Business Angel Forum, and Department of Science and Technology (DST), Government of India for their contribution in the healthcare sector.
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