Towards a better tomorrow: Innovative healthcare start-up Medimojo bags investment worth INR 75 lakh on the latest episode of The Vault

Another promising venture, Schoolbridge, gets a helping hand to ensure directionality and scalability
New Delhi, December 21, 2016: The Vault has fulfilled the dream of yet another promising start-up. The 11th episode of the one-of-its-kind reality TV show saw Medimojo, an innovative healthcare start-up, secure investments worth INR 75 lakh from Ameera Shah, Managing Director & CEO – Metropolis Healthcare, in exchange of 33% equity.

An electronic record management system for the healthcare industry, Medimojo enables patients to store their medical information in a digital format, thus offering them a high degree of ease and convenience in managing their health-related information. The platform plots the data in a structured and user-friendly format for the user through its algorithm-based image processing and machine learning tools. Medimojo has generated a significant traction in the market and at present caters to the demands of close to 35,000 users. With Ameera on board as an investor and a mentor, Medimojo will also benefit from her extensive experience in the healthcare industry.

Speaking on the latest episode, Jatin Goel, Creator, The Vault, said, “The Vault is not merely a TV reality show – it is a platform for some of the most promising ventures from across the country to showcase their innovative ideas to successful businessmen with proven track records. The latest episode underlines exactly what makes the show such a unique and disruptive concept in India. We are confident that more and more ventures will benefit from the exposure, investment, and advice they receive from investors on the show.”

The Vault’s latest episode also featured an edtech start-up, Schoolbridge. An innovative mobile application which addresses some of the primary pain points faced by parents of school going kids, Schoolbridge enables access to school circulars and notices to parents at the touch of a button. It also allows guardians to keep a track of their wards’ progress through digitised attendance, and view academic performance and teacher comments. Other features facilitated by the integrated platform are access to information about events and functions, real-time bus tracking, and fee payments options. Though its pitch failed to attract investment offers, the Vault Keepers promised Schoolbridge access to industry contacts to help it refine its directionality and scalability.

Since its launch, The Vault has facilitated investment worth INR 8 crore into start-ups appearing on the show and is widely hailed for promoting entrepreneurship in India. Start-ups featured on the show are further subjected to due diligence over a period of 3 to 4 months for comprehensive business process evaluation, post which the investment is approved by the investors.