Online healthcare portal Trustmedi looking to raise Rs 100 crore funds by March 31, 2023

Low profile online healthcare portal Trustmedi is looking to raise about Rs 100 crore funds by March 31, 2023. The Kolkata based firm, managed by Xceptional Health and Wellness, is in talks with investors keen to invest in the health and wellness space.

The company plans to raise funds in tranches after achieving break-even. "We will break-even in the current fiscal and hope to get the first tranche of funds in FY'2021-22," said Suyash Borar, founder of Trustmedi.

Founded in 2018, Trustmedi has been using funds infused by its founder, friends and relatives to start operation. A healthcare analytics, the startup brings together service providers across various categories like diagnostic centres, clinics, hospitals, specialists, consultants, physicians, wellness centres, access to vetted home care and nursing care service, discounted access to gym, spa, physiotherapy, yoga and other allied health & wellness service providers.

Additionally, the startup also provides assistance to get doctor’s appointment, facilitates health insurance at reasonable premium as well as emergency location tracker.

"The aim is to provide an all-inclusive mobile application and web portal offering 40 plus serivces nationally and globally," Borar added. Incidentally, Borar is a healthcare professional with strong domain expertise, former chief executive of CMRI & B.M. Birla Heart Research Centre and an alumnus of IIM-A & Institute of Chartered Accountants of India.

The company has already tied up with around 10,000 hospitals, nursing homes, doctors, diagnostic centres etc. It is all set to launch a 'Trustmedi Health Card' pan-India - an intuitive mobile enabled digital healthcare ecosystem providing a one-stop comprehensive solution for all health & wellness needs - either free or at a discount.

Going forward, Trustmedi plans to launch life saving IoT devices for healthcard users, working on ‘tappy’- next generation virtual healthcare assistant, acquire analytics capabilities for predictive healthcare and aggresively expand its network.