MAHINDRA PARTNERS AND EIGHT ROADS VENTURES LEAD $21 MILLION SERIES B ROUND IN MEDWELL VENTURES

Bangalore, April 5, 2017: Medwell Ventures Private Limited, the operator of Nightingales specialty home healthcare services in India, today announced a $21 million Series B investment round led by Mahindra Partners with participation from existing investors, Eight Roads Ventures and US-based F-Prime Capital Partners, alongside early angel investors and the founders. This is the first investment by Mahindra Partners in the healthcare sector, where the company intends to have a greater participation going forward.

Medwell Receives series B funding

The Nightingales Home Healthcare business has grown rapidly from a single branch in Bangalore in 2014 to 13 branches across 4 cities with a full-time team of over 1000 medical, paramedical and healthcare professionals. This expansion was funded by a $10 million Series A round led by Eight Roads Ventures in May 2015. The company has established a leadership position in specialty-led home healthcare delivery, providing out-of-hospital care plans for patients with chronic diseases. Nightingales currently serves Mumbai, Bt angalore, Hyderabad and Pune, with plans to build its network across 10 metro clusters in India.  The company has cumulatively raised about $35m across its seed, series A and series B rounds.  The company is promoted by a highly experienced team of healthcare professionals including Vishal Bali, Chairman; Dr Ferzaan Engineer, Joint Chairman; Lalit Pai, CEO, and Himanshu Shah, CFO.

“Over the last 2 years we have not only scaled our presence in multiple cities but have also built a strong foundation for rapid expansion. We are witnessing strong consumer demand for our services in our current markets and this investment will accelerate our growth in the next 4 years” said Lalit Pai, CEO, Nightingales Home Health Services

Nightingales Home Healthcare Services provides over 25,000 services each month and plans to support more than 1 million patients in the next few years. The Nightingales team comprises doctors, nurses, physiotherapists, speech therapists, and trained bedside paramedical caregivers specializing in chronic care disease management. They develop care plans for chronic diseases such as congestive heart failure, stroke management, chronic obstructive pulmonary diseases (COPD), diabetes, dementia, Alzheimer’s disease and arthritis with health outcomes being monitored through a validated protocol-driven approach. The company’s focus on new models of care has also led to the start of an innovative home dentistry program. Nightingales has established relationships with key medical technology providers and invested substantively in ramping its information technology including the Nightingales patient app and electronic medical records for patients.

Commenting on the investment, Zhooben Bhiwandiwala, President – Mahindra Partners, said “Our aim is to build and grow great companies. The demand for home delivery of chronic care services is slated to continue to increase. The healthcare sector has tremendous growth potential and we will continue to play a more active role in the industry. We are very pleased to partner with the Nightingales team and wish them great success”.

 “We continue to be impressed by Medwell’s strong focus on execution; building on foundations of clinically driven holistic home care, an enabling technology backbone, and the highest levels of corporate governance. Eight Roads is delighted to continue its partnership with the company and welcomes Mahindra Partners to join this exciting growth story,” said Dr Prem Pavoor, Partner, Eight Roads Ventures.

 “We took an early position in creating a clinically driven home healthcare model. The closure of this round cements our conviction behind this opportunity to create India’s leading company in this space. In partnership with our world-class investors and the talented Nightingales team, we are confident about leading a paradigm shift in healthcare delivery in India,” said Vishal Bali and Dr Ferzaan Engineer.

For more information, please visit http://nightingales.in/

Philips is working with the ecosystem on disruptive digital healthcare innovations to address challenges of the healthcare industry in India

Bangalore, November 23, 2016: Philips innovation Campus,successfully organized their second digital healthcare conclave. The conclave was graced by industry stalwarts like Rajesh Batra,CIO of Kokilaben Dhirubhai Ambani Hospital, and government officials like Rajendra Pratap, advisor to Union Minister of Health, healthcare providers and a few ambitious start-ups. These stalwarts highlighted how can we leverage digital India for providing better healthcare solutions and that IOT and AI are a powerful combination in redefining healthcare. This comes as an addition to the breakthrough of Big Data in healthcare sector, where the healthcare providers have access to better and relevant data, in turn rendering them capable to offer better care to the healthcare seekers.

srinivas-ceo-philips

As on date our country needs additional 1.5million beds and 3 million doctors by 2034, to be able to render effective healthcare to the ones in need. However, according to a survey conducted by McKinsey, India has only 1.3 hospital beds per 1,000 people-significantly lower than the guideline of 3.5 beds defined by WHO (World Health Organization). The sector needs to focus on the quality, affordability and the reach of healthcare. The only answer to bridge the gap between the problem and the solution is innovative technology.

One such solution provided by Philips innovation Campusin their IntelliSpace Consultative Critical Care (ICCC) solution service. The state of the art hardware and software products that are provided as part of the solution enables clinicians connect to and monitor multiple intensive care units from a central location. Trained healthcare providers and intensive care nurses stationed at the command center can monitor the patients in the peripheral ICUs on a 24/7 basis. This saves costs for the patients and gets best care to them, even at remote locations.

Philips Innovation Campus now plans to make a significant reduction in the maternal mortality rate, with their latest innovation-Mobile Obstetrical Monitoring (MoM). High fetal and maternal mortality rates continue to remain one of the major concerns in the healthcare space. The project will monitor pregnant women for early high risk identification via a new telehealth solution. This will enhance the performance of India’s Frontline Health Workersas they are the first point of contact with the healthcare system in the developing areas, allowing them to save many lives. The project will be a great step towards improved healthcare for the newborn and the mothers.

While cardiovascular diseases have quadrupled in the last 40 years, 50% of the affected patients arrive too late for appropriate treatment. If the patient receives treatment within one hour of the attack- called ‘the golden hour’, possibilities of saving his/her life increase manifold. Philips Innovation Campus has developed the chest pain clinics to answer the problem. The Chest Pain Clinics are aimed at enabling small hospitals and nursing homes to provide timely and quality, ”Emergency Cardiac Care” and thus save lives.Each Chest Pain Clinic will be a clinic or a small healthcare facility equipped with Philips Efficia ECG-100 systems which will wirelessly transmit ECGs of patients in real time from the spokes(Chest Pain Clinics) to the hub. Once a patient is confirmed as suffering from a Myocardial Infarction, known as a Heart Attack, he/she is immediately transported via an ambulance from the Chest Pain Clinic, for primary Percutaneous Coronary Intervention (PCI) within the golden hour.

Apart from addressing the healthcare gaps though technology, Philips Innovation Campus also organized aStart-up Alley, where they chose the best Start-Up, who addressed the common healthcare gaps with utmost precision. The Start-up was chosen in association with NASSCOM and Philips innovation Campus would be mentoring them to better their chosen project.

Philips digital solutions are focused at improved workflow in hospitals, reduction of infrastructure costs by leveraging the cloud, point of care devices to help in faster and early diagnosis, appropriate applications and remote monitoring that can help in extending the reach of doctors and specialists to areas where care was not available before. Our mission is to touch more than 3 billion lives by 2025. So our aim is to create meaningful innovations that will achieve healthcare that is accessible to all.

“Co-Innovtion key to Digital India” – IBM

Bangalore, August 30th,2016 – IBM emphasized the significance of ‘Co-innovation’ in building a Digital India, at IBM India Labs Engage 2016, the two day annual innovation summit hosted by IBM in Bangalore. Out of many Indian startups who have leveraged IBM’s cloud platform and/or cognitive solutions, five select start-ups demonstrated their innovative, industry specific offerings at the event. In addition to adopting IBM technology, these start-ups have benefitted by getting access to various IBM initiatives including IBM GEP/ SmartCamp India – programs that allow them to build, launch and scale their business.

Speaking at the event, Kaushik Bhaskar, Vice President, IBM India Software Labs said, ‘With Cognitive technologies becoming a key differentiator in the global technology landscape, India need cognitive business models to leapfrog into the lead innovator ranks. There is also a fundamental shift required from ‘siloed’ innovation to ‘co-innovation’ to rapidly drive this transformation. IBM is increasingly focused on nurturing the ecosystem to drive this change. By providing start-ups with access to technical expertise, executive mentoring, software infrastructure credits, co-marketing programs, sales and VC leads – IBM is committed to working with new age, born-on-the cloud companiesto drive innovation that will build a Digital India.’’

The event provided an opportunity for start-ups, ecosystem leaders, enterprises and investors to discover ideas that would breach technology frontiers and build disruptive applications for the Cloud and Cognitive Era. By participating in an immersive Design Thinking and Garage experience, participants also had a unique opportunity to unearth emerging client needs and rapidly create market- focused solutions.

The IBM India Labs Engage 2016 is part of IBM’s continuing commitment to support the Indian startup ecosystem by orchestrating the collaboration between enterprises, investors and start-up companies through various digital and physical platforms through the year. IBM engages with startups across sectors including fin-tech, health-tech and retail and provides access to key IBM programs and investments including IBM Global Entrepreneurship program; IBM physical and virtual Garages; IBM Labs; Digital Communities (Watson, Bluemix, IoT, Cloud etc.) to fuel ecosystem innovation.

The top five Start-ups who demonstrated their solutions at the event included:

1. AllizHealth: This Pune based preventive health start-up, has built a consumer focused health and wellness platform for early identification, tracking and management of health risk and conditions. It leverages IBM cloud platform to enable users to track various health risks and parameters, store digitized medical documents and also connect with doctors, caregivers etc.

Gaurav Vij, Founder and Chief Architect: “There is an increasing challenge of non -communicable and lifestyle related diseases in India. At AllizHealth, we are trying to address this problem by working on an innovative Health Management Platform. The goal of this platform is to make people aware of their health risks early and help them with various resources to track and manage such risks. Through our efforts, we are now managing the health of over 500,000 users and working with some of the leading insurance and healthcare groups in India. In this journey, we are fortunate to have a partner in IBM cloud. Harnessing the power of cloud is central to our plans and the support, help and guidance we have received from IBM team, has been quite remarkable. We hope to continue with this association and make it a win-win.”

2. Tagalys : This Chennai based start-up has developed an e-commerce personalization engine on IBM cloud to help online retailers improve visitor-product engagement and revenues. The platform studies visitor and segment shopping behavior, to deliver products most relevant to that visitor(s) across product discovery channels like Site Search, Merchandising, and Recommendations within the online retailer.

Antony Kattukaran, Co-founder and CEO: ‘Personalization of the complete visitor experience across category pages, recommendations widgets and search results is a requirement in today’s digital commerce experience. IBM’s cloud infrastructure is a secure, scalable, and helps us meet the most rigorous demands for our online business. Our partnership with IBM has helped a team like ours focus on product innovation instead of infrastructure and compete on merit with the best in the world.’’

3. Signzy : Recently awarded as the most innovative solution by RBI, this Bangalore –based start-up, uses IBM’s cognitive and cloud solutions to make the digital regulatory processes simpler, secure and more compliant. Their unique online contracting solution uses the latest technology like biometric signature and blockchain to complete the entire online digital trust system.

Ankit Ratan, Co-founder and CEO: “Digital On-boarding is a painful problem for the financial sector and the broader industry. Signzy is using a Cloud API based approach to make this simple, yet secure and compliant. Using IBM Watson’s cognitive capabilities we have ensured that our AI technology is enterprise-ready from day one, accelerating our go to market and delighting clients.”

4. Artifacia: Erstwhile called Snapshopr, this Silicon Valley and Bangalore based start-up provides an AI based visua discovery platform designed for retailers that helps them improve engagement and conversions on their apps and websites. Using IBM cloud technology, the platform helps their partners provide unique product discovery and personalization experiences to their customers.

Navneet Sharma, Co-founder and CEO: ‘Artifacia is a visual discovery platform powered by Artificial Intelligence. We enable developers and retailers to build and deliver unique product discovery and personalization experiences for their customers in India and the US. We have relied on IBM cloud technology to build a deep learning technology infrastructure. As the winners of IBM’s SmartCamp program in 2015, we garnered a lot of visibility and look forward to the IBM partnership to their support as we expand globally.’

5. Talview : This Bangalore-based start-up is a leading HR technology solution provider which leverages cutting-edge tech like neuro-linguistic programming, machine learning, and psycho-linguistics built leveraging IBM’s cognitive and cloud solutions. The solution provides mobile-video hiring and helps companies to accept applications, conduct automated and live interviews, video supervised written & code tests and complete on boarding formalities remotely on mobile/tablet and PC.

Jobin Jose, Cofounder and COO: ‘Talview is in pursuit of disrupting the USD 500 billion global recruitment industry and had identified a strong market need for a cognitive solution. Talview Talent Insights which leverages multiple IBM Watson APIs and IBM Cloud Service is the world’s first hiring solution that harnesses the power of advanced data science and machine learning algorithms, video-audio analysis, social media analytics, psycholinguistics and speech recognition to help companies build better teams and gain competitive advantage. Using IBM services helped us to go to market faster with a secure, scalable solution.

Herbalife Launches Third Phase of Casa Herbalife Program with Smile Foundation

1,000 more children across India to receive free nutritional support

L-R, Mrs.Smita Kalappa- VP Resources and Sustainability, Smilefoundation, Ajay Khanna- Vice President & Country Head, Herbalife International India and Saina Nehwal

Bangalore, India, September 3, 2015 – The Herbalife Family Foundation (HFF), a non-profit organization dedicated to improving the lives of children by helping charitable organizations provide healthy nutrition to children in need, today announced the launch of the third phase of Casa Herbalife program with Smile Foundation, a national development organization that works for underprivileged children and youth in education, healthcare, livelihoods and women’s empowerment. During the third phase unveiled today in Bangalore, the HFF will extend grants to provide nutritional support to 1,000 children across India, through Smile Foundation’s ‘Mission Education’ program.

The third phase beneficiaries spread across Smile Foundation Mission Education centers, including in the North (New Delhi, Gurgaon in Haryana and Chandigarh), East (Kolkata in West Bengal), West (Baroda in Gujarat and Thane in Maharashtra) and South (Chennai in Tamil Nadu, Hyderabad in Andhra Pradesh and Bangalore in Karnataka). The first and second phases of the program were launched in Mumbai & Chennai in 2011 and 2013, respectively, to cater to 2,000 children in these regions. Overall, the HFF and Smile Foundation joint initiative will benefit 3,000 children in three phases.

Speaking on the occasion, Ajay Khanna, Vice President and Country Head, Herbalife International India Pvt Ltd said: “Two key factors which play a pivotal role in the growth and development of a child are a healthy body and a healthy mind. The quality of life during childhood will be a defining factor in success as an adult. As a global nutrition company, we advocate the importance of nutrition for a healthy and active life; hence we have strengthened our association with Smile Foundation through this third phase of the program after launching the first and second phases. We are happy that 3,000 children will benefit from this partnership.”

L-R, Mrs.Smita Kalappa- VP Resources and Sustainability, Smilefoundation, Ajay Khanna- Vice President & Country Head, Herbalife International India, Saina Nehwal with the kids from Smile Foundation

Mr. Vikram Singh Verma, Chief Operating Officer Smile Foundation said: “We are happy to continue this relationship into the third phase and we believe that together we can deliver significant benefits to the children. Smile Foundation believes that whether you are addressing healthcare, poverty, population control, unemployment or human rights, there’s no better place to start than in the corridors of education. More than 200,000 children have directly benefited from Mission Education program since 2002. At present, the program is reaching out to 16,500 children directly through 70 projects in 21 states across India.”

Mission Education is national level program of Smile Foundation which provides education, healthcare and nutrition support to underprivileged children. Smile Foundation believes that whether you are addressing healthcare, poverty, population control, unemployment or human rights, there’s no better place to start than in the corridors of education. More than 200,000 children have directly benefited from the Mission Education program since 2002. At present, the program is directly reaching out to 16,500 children, through 70 projects in 21 states across India.

Herbalife has associated with leading sports personalities such as Virat Kohli, Saina Nehwal, Mary Kom, Heena Sidhu and H.N Girisha to spread the message of healthy and active living coupled with good nutrition, across all age groups in India. To learn more visit Herbalife.com & herbalife.co.in

About Smile Foundation

Smile Foundation is a national level development organisation reaching out to more than 300,000 underprivileged children, youth and women directly every year through 158 welfare projects on subjects such as education, healthcare, youth employability, and women empowerment across 25 states of India. Adopting a life cycle approach of development, Smile Foundation focuses its interventions on children, their families and the community.