MyUpchar

Nexus VP, Omidyar and Shunwei Capital pump in $5 Mn Series A funds in MyUpchar

MyUpchar

Local language health content app MyUpchar has raised $5 million in Series A funding from Nexus Venture Partners, Omidyar Network, and Shunwei Capital.

The Delhi-based startup plans to utilise the fresh capital to strengthen its voice, video and virtual reality interfaces, and build newer interfaces to offer the large-scale remote provision of health services.

MyUpchar partners with doctors to offer health content and translate it into 13 Indian languages across disciplines such as Allopathy, Ayurveda, and Homeopathy.

Founded by Garg and Manuj Garg, MyUpchar claims to have accessed by more than 10 million people and aims to serve more than 500 million people especially in tier-II, tier-III, and rural areas through their vernacular platform.

MyUpchar’s proprietary voice search, as well as text to speech technology for all health content, has enabled it to serve customers who are not yet comfortable with typing or reading this content on a phone.

Previously, it had raised about $300K as seed funding from Google’s  Rajan Anandan, Indifi’s Alok Mittal, and others in September 2017.

The lead investor in this round, Shunwei Capital has been aggressive in the past one year in India.

MyUpchar would be Shunwei’s third investment in local language-based content play. It has earlier participated in $5 million Series A round in Vokal, a peer-to-peer knowledge sharing platform. In January it participated in ShareChat’s $18.2 million Series B round led by Xiaomi.

Besides, it also made investments in lending startups such as LoanTap and KrazyBee.

The development was reported by ET.

MyUpchar

Nexus VP, Omidyar and Shunwei Capital pump in $5 Mn Series A funds in MyUpchar

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Below is the bank details:

 
Amount: INR 3,00,000 + GST (TDS to be deducted 2%)
Bank Name: ICICI Bank
Account Type: Current
Account Name: Bareback Media Private Limited
Account Number: 002105023595
IFSC Code: ICIC0000021
 
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