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Kerala based PurpleHealth raises $100,000 from Katabole Venture

TechnoparkToday.com(2016): PurpleHealth.com, a kerala based health-on-demand platform, has raised seed funding of $100,000 from Mumbai-based private equity firm Katabole Technology Venture. The firm will use the funds to build its product roadmap and strengthen the team.

“The funds would be utilised for product development, marketing activities and expanding the team,” said Vikram Nair, co-founder and CEO of PurpleHealth.com, confirming the development.

Founded in 2014, PurpleHealth.com provides access to doctors, hospitals and procedures and health-related products and services. At present, the platform has on board more than 38,000 doctors and 4,000 hospitals.

The other co-founders are Mini Balaraman, who serves the company as President and COO, and Prakash Sathyapalan, who is CTO.

“We found PurpleHealth interesting as the company is focusing on the common man and is building an entire ecosystem for the common people. It recognises the scale of the problems the health space presents, and looks for solutions involving all stakeholders,” said Katabole founder and CEO Balaji Jagannathan.

The Indian healthcare sector is expected to register an annual growth rate of 22.9 per cent between 2015 and 2020 and grow to $280 billion.

       

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