Ratan Tata Invests in Medical Emergency Response
Start-Up Company MUrgency Inc.
Ratan Tata, Chairman Emeritus of Tata
Sons, has invested in the San Francisco based medical emergency response
start-up app company, MUrgency Inc., developing ONE GLOBAL EMERGENCY RESPONSE
NETWORK.
The international award winning mobile app makes emergency response
available with just one tap on a mobile phone in under 9.0 minutes in urban
areas.
MUrgency Inc. will use the proceeds of the
funding to augment technology and scale operations besides leveraging Tata’s
experience and network as a global business leader to develop the emergency
response network globally through appropriate partnerships.
Ratan Tata has made more than 25 investments in
startups in the last two years. Healthcare startups that have benefitted from
his investment include Lybrate, an online doctor consulting start-up, Swasth
India, a startup which focusses on cancer treatment and health data analytics
and Invictus Oncology, a cancer therapeutic startup.
Founded in 2014 by Indian Social Entrepreneur
Shaffi Mather in Silicon Valley and incubated out of Stanford ChangeLabs,
MUrgency Inc. recently received investment from Kris Gopalakrishnan and S. D.
Shibulal led Axilor Ventures. MUrgency launched their service in the TriCity
area in Punjab, India on 16 February, 2016 with a a responder network of 36
hospital emergency rooms, 40+ ambulances and 350+ medical professionals.
MUrgency is slated to launch service in Amritsar and Jalandhar in the last week
of May, 2016 and cover entire state of Punjab by end June, 2016. The company
plans to make its services available across India by 2018 and around the world
by 2020.
MUrgency recently won two of the most
prestigious startup tech competitions in the US – Startup of the Year at
Startup Grind 2016, Redwood City and First Prize in Health & Wearables at
SXSW Festival, Austin.
“Tata’s involvement is an affirmation of the
importance of a reliable emergency medical response network for the world and
of course India to save lives which are otherwise lost for want of timely
medical attention. He clearly wanted us to launch and grow the network in India
first before taking it overseas. Mr. Tata’s investment in MUrgency will help
attract leading talent to the company and major partnerships beyond India.”
said Shaffi Mather, Founder, MUrgency Inc.
Apart from MUrgency, Tata’s investment in
overseas companies include among others, Boston-based wind energy startup
Altaeros Energies, China’s largest smartphone maker Xiaomi and Singapore-based
startup Crayon Data, a big data analytics firm.
Sweta Mangal, Director, Global Emergency
Response, MUrgency Inc. said, “While our primary goal is to develop the
emergency medical response network, we are widening our service to be an
inclusive and comprehensive medical service platform on your mobile phone. The
app is live on iOS and Android app stores and several features are accessible
across the world already.”
Shaffi and Sweta along with three of their
friends founded ZHL with one ambulance in 2004 and led the company to become
the largest emergency ambulance service company in the developing world with
operations in 17 states in India and the Gulf (Middle East). ZHL has grown to
1500+ ambulances and 6000+ employees transporting between 8000 and 10000
patients every day. Till date, ZHL has transported over 5.20 million+ patients
and delivered 10000+ babies on board.
About MUrgency
MUrgency Inc. was founded by Shaffi Mather in
2014 to establish MUrgency – ONE GLOBAL EMERGENCY RESPONSE NETWORK to make
reliable emergency medical response available to anyone, anytime, anywhere in
the world at the tap of one’s mobile phone.
The MUrgency app was developed with
membership in BCtA @ UNDP (Business Call to Action at the United Nations
Development Program), in academic partnership with Stanford ChangeLabs, Harvard
Asia Center and MIT Global Health and as a Young Global Leader Initiative of
the World Economic Forum.
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