MUMBAI: An entrepreneur who almost a decade ago ran the popular ambulance service in Mumbai under the “1298” moniker and then launched a start up billed as the Uber of emergency response with pilot projects in Punjab and Dubai has caught the fancy of some of our biggest tech titans and savviest angel investors.
After Ratan Tata and Infosys cofounders Kris Gopalakrishnan and SD Shibulal, Wipro’s scion Rishad Premji has invested in pharmatech start up MUrgency. Premji’s investment comes shortly before a planned road show for MUrgency to raise funds globally before the end of this financial year in March. Even though the quantum of this fresh round of fund infusion could not be independently verified, sources said Premji’s investment could be under $100,000 (Rs 68 crore).
The Silicon Valley-based start-up provides emergency response services by tying up with professionals on location and bills on its portal like Uber or Amazon that act as facilitators to reach a service. Already present in two regions, it plans to large scale expansion. In its current phase it is rolling out in NCR, Mumbai, Bangalore, Chennai, Hyderabad, and Kolkata. It also plans to launch service in Mexico…