Medikoe raises $100,000 funding

As reported by firstpost.com, Medikoe as a concept came about when Menon could not get a medicine at night that he wanted when he was staying at a five star hotel in Mumbai and worse, did not know where to procure it from in the vicinity. Medikoe stands for medical and koe for happiness. "Medikoe is about accessing healthcare with happiness. However, we are not aggregators for doctors," clarifies Menon, Founder and CEO.

The company did a survey before launching the online platform and found that there existed a major gap between the supply side and consumers which is what it aims to bridge. The service as of now is available only in Bengaluru but with the angel funding it has received, Medikoe plans to offer its services and offers pan India including Tier-2 and Tier-3 cities. "We want to have first mover advantage in cities like Kanpur, Lucknow and other Tier 2 and 3 cities," says Menon, founder and CEO.

As further implied by Menon in his statement to the press, the company has grown beyond its initial expectation of just having targeted 100 users in the beginning of its launch. The number of visitors to the platform has now reached 1800+. As a direct positive impact, more and more integrated deals are being accessed with their 1500+ registered partners. Medikoe management is optimistic about 100 percent Year on Year growth in the first year of operations.