Private Equity

Angel Investments

Physiotherapy-focused app Pheal raises Rs.2.25 Cr

MyBigPlunge  

MIPL (Maheswari Investors Pvt Ltd), a USD 100 million plus private fund based in Mumbai, and Pratik Agarwal, a fitness industry veteran, have participated in the initial funding of about INR 2.25 crore to launch Pheal, a physiotherapy-focused smartphone app. It also offers to improve patient care in physiotherapy practice. Pheal offers prescriptions, personalization, uploading of user-generated content, and monitoring and improved adherence. It is claimed that the app's many capabilities are already being used regularly by over a hundred physical therapists for a sizeable percentage of their patients.