Company Name : Touchkin
Funding Amount : $400K
Investor(s) Alok Mittal. Amit Gupta. Anuj Srivastava.
Funding Round : Seed round
Bangalore-based mobile healthcare startup, Touchkin has secured an investment of $400,000 in seed funding by an assemblage of top angel investors, the company announced.
According to Touchkin, funding has come from Alok Mittal (ex-Canaan Partners), Amit Gupta (co founder, InMobi), Anuj Srivastava (ex Google, CEO and co founder Livspace), Himanshu Aggarwal (CEO, Aspiring Minds), Raghunandan G (co founder TaxiForSure) and Puneet Agarwal (ex Google, co founder Moneyview).
“Mobile healthcare is a $46 billion opportunity,” said Jo Aggarwal, co-founder of Touchkin. “Soon, your phone will sense if you are depressed or ill, and proactively get you help. The sensor technology needed for this is already in your hands, and in 2 billion smartphones globally. Our platfom uses passive data from smartphone sensors to create a picture of a person’s wellbeing and identify potential health issues.”
The company plans to apply this technology to support large healthcare systems, community health and families across the world, it said in a statement. Their free app, StayClose, shows families how their loved ones are, and triggers alerts if their activity levels drop drastically. The app focuses on chronic illness and mental health, to help care providers improve outcomes by letting them know which of their patients may need follow-up.
“Touchkin is applying machine learning to healthcare in a unique and potentially disruptive manner. It is exciting to see companies like this building innovative products for the global market, starting in India,” said Anuj Srivastava, founder of Livspace and an investor in Touchkin.
Touchkin was started in 2015 by Jo Aggarwal and Ramakant Vempati, who moved from UK to Bangalore to launch their startup. Jo was the Managing Director of Pearson Learning Solutions and Ramakant worked at Goldman Sachs International in London as COO.