Digital wallet firm Paytm, owned by One97 Communications Ltd, has invested an undisclosed amount in Noida-based health-tech startup QorQL, a statement said.
Founded by Sanjay Singh, former CTO at Paytm, QorQL uses artificial intelligence (AI) and big data to help doctors improve their productivity and quality of care, and enables patients to manage their health better.
“There is a need in the country for quality care at affordable costs, and the sector largely works on an acute shortage of information both on the consumer side and on the side of healthcare professionals.
There is a need for real-time data collection and of improving the overall care process with advanced analytics and AI,†Sudhanshu Gupta, vice president, Paytm, said in the press note.
Operated by QorQL Pvt. Ltd, the startup has over 100 doctors offering their services to more than 60,000 consumers. Available as an app, the service is currently accessible in Delhi-NCR and Aligarh, and is expanding to several Tier II markets across India.
Paytm has invested in startups previously as well. In 2015, it led a $10-million funding round in autorickshaw service aggregator and hyperlocal delivery firm Jugnoo. It has made some acquisitions, too. In December 2015, it acquired Gurgaon-based services marketplace Near.in for $2 million, and in the following month, it bought Delhi-based consumer behaviour prediction platform Shifu for $8 million.
Last year in September, it acqui-hired e-learning marketplace EduKart for an undisclosed amount and, in November 2016, it acquired O2O shopping startup Shopsity.
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