The Tata Group has decided to invest in San Francisco-based medical emergency start up MUrgency recently. Although the amount yet undisclosed. The respective company has taken an initiative to provide medical urgencies in many places. It also has added up 36 hospital emergency room, along with 40 ambulances services and 350 medical representatives. The services are being provided to Tricity area in Punjab from February 16, 2016.
MUrgency is a global medical emergency response app being fast, easy and reliable. It directly connects to listed hospitals near the domicile location so as to avail services. It was founded in Silicon Valley in 2014 and inculcated out of Stanford Change Labs. The company also witnessed investment fromKris Gopalakrishnan and S D Shibulal led Axilor Ventures.
According to Founder of MUrgency Inc., Shaffi Mather,He (Tata) clearly wanted us to launch and grow the network in India first before taking it overseas. Mr Tata’s investment in MUrgency will help attract leading talent to the company and major partnerships beyond India.
Initiated in one small part of Punjab, they are planning to scatter in Amritsar and Jalandhar in next few weeks of May and overall the State till June end. Currently, it has been decided to pan India by 2018 and 2020. The respective services provided within 9 minutes in urban cities.
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The recent investments by Tata Sons will help in inculcating technology as well as accelerate operations in various ways. Further, it will support in growing business through global networks. One of the senior officials of MUrgency, Global Emergency Services, stated that “While our primary goal is to develop emergency medical response system, we are widening our service to be an inclusive and comprehensive medical service platform on your mobile phone. The app is live on iOS and Android app stores and several features are accessible across the world already.”
This not being the only investment, Ratan Tata has given a “helping hand” to 25 more startups mostly healthcare firms which includeLybrate, Swasth India and Invictus Oncology. Apart from Indian-based companies, they have invested in wind energy accelerated company Altaeros Energies based in Boston, China’s largest smartphone selling brand Xiaomi and an analytical firm headquartered in Singapore, Crayon Data.