WaterBridge Ventures, which is an early stage venture fund announced the investment of an undisclosed amount in a Kota based startups MedCords, that takes a patient first approach with a vision of making healthcare affordable, accessible and efficient for all by bringing in Artificial Intelligence and Data Science technologies in their operations. The funding of the company is also going to be used to expand the team and ensure that the operations are reached to new geographies.
Nikhil Baheti, the Co-Founder, MedCords, says, “MedCords is a cloud-based, ML powered ecosystem that connects and enables various stakeholders of the healthcare ecosystem. The ecosystem facilitates, amongst other things, remote consultations and follow-up consultations with doctors and intelligent digitization of users’ medical records and on-demand availability of such records. The venture aims to create IP out of medical data and advanced analytics to create efficient healthcare decision systems for doctors, hospitals and the government.”
MedCords was founded in the year 2017 by Nikhil Baheti, Saida Dhanavath & Shreyans Mehta, caters to the negated rural areas. Undertaking a three year long research across 800 villages in state of Rajasthan, M.P. and U.P , the organization has now attained the status of a ‘real-time’ healthcare decision making tool for people, organizations and state governments. Currently, MedCordsoperates in Kota and Jhalawar districts and along with a technology centre at Pune.
Sarbvir Singh, Managing Partner, WaterBridge Ventures, avers, “The challenge of providing effective health care to India’s rural population is a massive one. We are impressed by the MedCords team’s passion and technology driven approach to solving this problem. We are privileged to partner with Shreyans, Nikhil and Saida on their journey.”
the startup has its headquartered based out of New Delhi, WaterBridge Ventures has invested in several market leading companies such as Unacademy, Chalo, ZipLoan, MagicPin, Social Cops and Dataweave. It also tends to be the first institutional investor backing strong and persistent founders leading technology disruption across sectors. It was founded in 2016 by investment veterans Manish Kheterpal and Sarbvir Singh.