Singapore telehealth startup MyDoc gets funding to tackle silver tsunami
29-Aug-14, Tech in Asia
In Singapore and many parts of Asia, technology is seen as a solution to the region’s aging population. Singapore startup MyDoc is right in the mix: it offers a web and mobile service where patients can consult doctors online and seamlessly share their personal health data. It hopes that would result in lower healthcare costs.
The startup recently announced that it has attracted investors. It completed an early stage funding round of an undisclosed amount led by August Capital Partners, a venture capital fund based in the same country. Spring SEEDS Capital, a Singapore government-related fund, also joined the round.
Founded by doctors Snehal Patel and Vas Metupalle, MyDoc aims to be as inclusive as possible, even catering to people with chronic diseases. While existing IT systems are serving the same purpose as MyDoc, they suffer from low adoption due to being overly complex, claims Patel.