BioSpectrum India Magazine November issue BioSpectrum India Magazine - Page 19

www.biospectrumindia.com | November 2017 | BioSpectrum l START-UP NEWS Berkley collaborates with IKP Eden to start medtech Accelerator myUpchar raises seed funding Medical content startup myUpchar has raised Rs 2 crore ($300,000) in seed funding from a clutch of investors through online deal-making platform LetsVenture. The investors were Rajan Anandan, managing director at Google India; Alok Mittal, co-founder and chief executive of lending startup Indifi; Mohit Satyanand, founder of ed- tech venture Teamwork Arts; and Currae Healthtech Fund, which was founded by Apoorva Patni, son of Patni Computer Systems co-founder Ashok Patni. myUpchar, which provides health-related content in Hindi currently, plans to use the capital to add content in 5-6 other regional languages. The company was founded by Stanford University alumni Rajat Garg and Manuj Garg. Rajat is a serial entrepreneur, having founded e-commerce startup Shimply and media marketing firm SocialAppsHQ. Manuj had previously worked with Boston Consulting Group and also founded ad startup Scribble Design. Several content-based startups have come up in the recent past, targeting different aspects of health and wellness. Most of them employ a content- first strategy to drive traffic onto their platform, and look to monetise through advertisements and sale of related products and services. A medtech accelerator has been launched in Bengaluru as result of a partnership between UCLA Berkeley and the startup incubator and makerspace IKP Eden. The accelerator programme will be open to 15 Seed-funded startups per batch. Participants will be offered assistance in scaling their products and technologies as well as raising Series A funding. Manav Subodh, a senior fellow at the University of California, Berkeley is heading the newly- launched medtech accelerator. The startups have been narrowed down across a wide range of applications a wearable device for monitoring high risk pregnancy to a chip medical device for early detection of cancer. Uptill now, the accelerator by UCLA and IKP Eden has received nearly 250 applicants, out of which around 11 startups have been shortlisted. The programme’s objective is to identify emerging startups that are working to alleviate medical problems and