Modasta raises $1.5 mn from high net worth individuals
Modasta, a Bengaluru-based health content portal, has raised $1.5 million (around Rs 10 crore) from a consortium of Mauritius-based high net worth individual (HNI) investors.
Hyderabad: Modasta, a Bengaluru-based health content portal, has raised $1.5 million (around Rs 10 crore) from a consortium of Mauritius-based high net worth individual (HNI) investors. The funds are being strategically allocated for business growth, technology upgradation, talent acquisition and marketing activities.
Founded in 2015 by a team of entrepreneurs comprising Bikram Barman, IIM alumnus PankajPandey Geethanjali, Modasta delivers authenticated content in the form of articles, videos and audios contributed by doctors and health experts and consumer health forums.
The platform currently provides content in English, Hindi, Telugu and Tamil, with plans on the anvil to extend the number of languages. It will also expand its range of offerings to include tele-health comprising online doctor consultation services, Modasta Co-founder and Chief Executive Officer Barman 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 service the length and breadth of the country with pertinent content on a plethora of subjects from lifestyle diseases, mental health, women’s health, men’s health, sexual health and pediatrics,” he said.
Modasta has a medical and tech team strength of 50 employees comprising doctors and developers. There are plans to double the headcount by next year, Barman added.
