Commerzpoint Networks operates Medypal, a healthcare marketplace that lets patients solicit real-time bids from service providers using a reverse-auction model so consumers can compare price, providers and facilities. The company offers a free mobile app that allows users to search procedures, browse hospital and doctor profiles, request proposals and book appointments on the move; the service was scheduled to go live February 1. Medypal plans to monetize by selling leads generated to healthcare providers. At launch the startup was in the final stages of signing up about 300 healthcare providers in Bangalore, spanning hospitals, diagnostic chains, dental clinics and cosmetic surgery centres. Founders P. Rammohan and Brahmesh Jain bring prior experience scaling healthcare services—the pair founded Healthsprint in 2006. The article frames Medypal’s opportunity against a large and growing Indian healthcare market and rapid mobile internet adoption among users.

Total raised

$0M

Funding rounds

1

Latest round

Seed

Latest activity

Jan 2014