Anandakanda, a Pune-based startup has raised around one crore funding from angel investors. The company deals with medicine intake reminder system or MIRS products. The development team said that the company is planning to raise more funds from Venture Capital firms in the early series funds. This year old startup was founded by VaibhavKulkarni and was backed by Surmount Advisors which is an investment banking firm. “The startup is already in talks with at least two VC firms, who are looking to invest”, said an acquaintance of development team.

The company has its functional branches in India and Srilanka. The company is planning to branch out to Africa after they have raised the sufficient funds. The company is supported by a few tie ups in Srilanka and has around 80% market share.

Every day Anandakanda manages more than fifty users, captures their medical data, prescriptions and manages their health system. They are going to widen their database so that they can enter analytics as well. This can be a huge advantage for the pharmaceutical companies as well. The company is planning to build a database that can accommodate patients, doctors, and pharma companies. This will enable everyone to form a communication channel that allows enough room for observations as well. This will store the patient details, updates, recovery tracking and serves a complete disease cycle for a patient backed by prescriptions and suggestions from doctors. This is expected to become a much better mechanism for doctors, patients and pharma companies to manage and remain in loop.