Health5C receives Series A investment from Chandusoft Technologies
Health5C Wellness Solutions Pvt. Ltd, a one of its kind comprehensive virtual care (telehealth) solutions provider to the health and wellness industry, has received a Series A investment from Chandusoft Technologies Private Limited. Chandusoft Technologies has taken a large minority stake in Health5C.
Health5C is a telehealth solutions provider that is capable of serving health and wellness organizations and people anywhere in the world. Health5C currently facilitates convenient access to high-quality healthcare to about 1.24 million people around the world. Members can resolve healthcare needs through on-demand or scheduled visits with licensed doctors on its platform. The offerings span multiple services including employee wellness, elderly care and genetic counselling, and for complex specialties including palliative care and mental health. The company has heavily invested in technology and staffing to support in-house end-to-end operations in locations around the world.
According to Mitish Chitanavis, Founder and CEO of Health5C, “We were looking for strategic investors who would bring more than just capital to our firm. Being an active player in healthcare, Chandusoft is familiar with the various nuances of technology adoption in this space. They can add value to the Health5C platform and help us take it to the next level of adoption among healthcare providers like hospitals, clinics and even individual doctors.”
Apart from India, Health5C currently has a customer base in the USA and Bangladesh and works with partners to roll out services in the Middle East. Health5C collaborates with the world’s leading insurers, employers, hospitals and health systems to deliver industry-leading virtual care, with unprecedented breadth and scale. The firm develops tailored solutions and are continually upgrading the experience to help more people access high-quality care.
“The funds invested would primarily be used to build and bolster Health5C’s sales organization that would primarily drive our SmartKlinic app and promote it across various channels, including digital and electronic,” Chitanavis further added.
Based in Bengaluru, Chandusoft Technologies is one of the fastest emerging software development companies in India. The company provides various services such as web portal application development and e-commerce website design, development, testing and maintenance. Chandusoft also offers mobile application development and testing services to its clients. Chandusoft is growing fast and capturing the software market in India, USA and Europe and also provides the backbone to major coupons and deals portals in USA, UK, Australia, and Canada.
Commenting on the investment, Mallikarjun Chandu, Founder and CEO, Chandusoft Technologies said “We have interests in varied industry segments, including healthcare tech. By investing in Health5C, we see a good synergy that can be tapped into and developed. The SmartKlinic app from Health5C is one such that we would leverage for our existing interests in the healthcare industry.”
