Mumbai-based Infolink Health Services Pvt Ltd, the company behind the online diagnostic services platform MyLabYogi.com, has raised an undisclosed amount in funding from Hyderabad Angels and Lead Angels.
Investors who participated in this round include Salman Babukhan of Babukhan Enterprise; Murali Bukkapatnam of The Capitol Projects Pvt Ltd; Srini Koppolu, chairman of Setu Software; EN Venkat, partner at Aavishkaar Frontier Fund; and Sushanto Mitra, founder of Lead Angels.
"This investment will help us expand our reach within the city and improve our logistics infrastructure so that we will be able to provide faster and better services to our clients," said Aneesh Khanna, co-founder of MyLabYogi.
The startup was founded in January 2012 by Khanna (CEO) and Novella Lawrence (COO).
Khanna holds an MBA degree and had previously worked at Apollo Hospitals Group and Metropolis Healthcare. A post graduate in Commerce, Lawrence has nine years of experience in spearheading the marketing & corporate communications of Metropolis Healthcare.
Mylabyogi.com allows users to book a laboratory test online and schedule a home visit for blood collection. Its clients include Kokilaben Dhirubhai Ambani Hospital, Holy Family Hospital, Prince Aly Khan Hospital and Dr Jariwala Laboratory.
"Crowded lab services market and underutilised infrastructure are forcing companies to look for outsourced partners in non-clinical areas of the segment to expand their reach and increase efficiency. In this context, MyLabYogi's approach has the potential to not only increase the margins of these labs, but also enhance customer experience," said Sasidhar Nandigam, director, Hyderabad Angels.
Several healthcare domain online startups have received funding in the last two years. A good chunk of money has gone into ventures which allow users to book appointment with doctors.
While some national diagnostic services firms such as Dr Lal Pathlabs and SRL already allow patients to book for tests online including those for home collection for sample, MyLabYogi comes across as an aggregator for such services.
(Edited by Joby Puthuparampil Johnson)