Calcutta Angels Network buys stake in Health-Tech Startup LetsMD

Calcutta Angels Network has bought 8% stake in Delhi-based health tech startup LetsMD. It has also raised an undisclosed amount from Anupam Mittal, Calcutta Angels Network, Currae Healthtech Fund and other investors on LetsVenture. The startup is an integrated classified allowing users to compare surgery prices of hospitals.

Founded in Dec 2015 by serial entrepreneurs Nivesh Khandelwal, Prakhar Gupta, and  Tenzin Thargay, the platform already has 300 hospitals and single specialty chains in Delhi-NCR as partners for the marketplace.

Commenting on the development, Calcutta Angels Network president Sidharth Pansari said, “LetsMD is in the process of creating a unique platform by bringing together all actors in the healthcare ecosystem onto a single integrated marketplace. It is Calcutta Angels Network’s first round with LetsMD and incidentally is the biggest investment of Calcutta Angels Network members in terms of the amount invested. I’m hopeful LetsMD will be a game changer in the healthcare sector.”

Nivesh Khandelwal from LetsMD said, “LetsMD will enable Accessibility and Affordability of tertiary level healthcare in India. We believe CAN, with its large and diverse network of investors, will play a key role in enabling relationship acquisition for LetsMD. This fund raised will be used to build the technology, develop the team and marketing.”