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Modasta raises $1.5 mn in angel funding

healthcare_12Bangalore-based Tasman Drive Software Pvt. Ltd venture, which operates health content portal Modasta, has raised $1.5 million (Rs 10 crore) in funding from a consortium of Mauritius-based high-net-worth individuals (HNIs).

The funds will be used for business growth, technology upgrade, talent acquisition and marketing outreach activities, it said in a statement.

“The healthcare industry is witnessing a robust growth trajectory, and at Modasta, we are aiming for a large slice of this lucrative $280 billion industry. Modasta will provide content on a plethora of subjects from lifestyle diseases, mental health, women’s health, men’s health, sexual health and pediatrics amongst others,” said, Bikram Barman, co-founder, Modasta.

Modasta is a digital healthcare platform which provides multilingual medical and health-related information. It delivers content in the form of articles, videos and audios contributed by doctors and health experts.

The startup is founded by Barman and wife Dr Geethanjali Barman, along with Pankaj Pandey in 2015. Barman has worked with companies like Accenture and Yahoo while Pandey is an IIM Ahmedabad alumnus and previously worked with Tata Teleservices and ITC.

The platform provides content in English, Hindi, Telugu and Tamil and is looking to expand to more languages. It is also planning to offer online doctor consultation service.

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