Well being expertise platform Tata 1mg has invested in digital diagnostic platform 5C Community for an undisclosed quantity.
Different buyers who took half on this spherical embody Vikram Vuppala (founder, and CEO at Nephroplus), Om Manchanda (Managing Director at Lal Pathlabs), Viren Prasad Shetty, (COO of Narayana Well being), amongst others.
“Constructing India’s digital diagnostic infrastructure, 5C Community has discovered the proper associate in 1mg to make this imaginative and prescient a actuality. By way of our proprietary AI-powered reporting platform, 5C has the flexibility to report even advanced radiology circumstances in lower than 60 minutes and have helped ship over 3.5 million diagnoses to sufferers in 27 states,” stated Kalyan Sivasailam, CEO, and co-founder, 5C Community.
“We’re delighted to associate with the Tata 1mg crew and a few of India’s main healthcare angels, who vibe with our imaginative and prescient. The chance for scale and impression is very large and we couldn’t have discovered higher companions to work with us on this,” he added.
Based in 2016 by Kalyan Sivasailam and Syed Ahmed, 5C Community is a digital platform that permits the storing, sharing, and deciphering of radiology photos throughout India. It helps hospitals and diagnostic centres to maximise the return on funding (ROI) on their radiology machines by making specialists accessible.
In line with the assertion, 5C Community has the flexibility to report even advanced radiology circumstances in lower than 60 minutes and have helped ship over 3.5 million diagnoses to sufferers in 27 states
Talking in regards to the strategic funding Prashant Tandon, co-founder, and CEO of 1mg stated that the imaginative and prescient of 1mg strongly resonates with 5C Community which is to enhance healthcare outcomes utilizing expertise.
Based in 2011 by Tandon, Gaurav Agarwal and Vikas Chauhan, Tata 1mg is a healthcare platform that gives providers similar to e-pharmacy, e-consultation, amongst others. It raised a pre-Sequence A funding of $1.2 million (round ₹10 crore) from Unitus Ventures and Axilor Ventures in 2020. Final 12 months in June, Tata Digital, a 100% subsidiary of Tata Group acquired a majority stake in 1mg.
Tags: Tata 1mg, 5C Community, Vikram Vuppala, Kalyan Sivasailam, Syed Ahmed.
Supply: Live Mint