Phaneesh Murthy returns to Business world with online healthcare venture

Former iGate CEO Phaneesh Murthy is in the limelight again this time for a good cause, with his new online venture, PM Health & Life Care Pvt Ltd.
Will the ladies be buying Phaneesh Murthy’s health & life care products?
Capitalising on the eCommerce trend, former iGate CEO Phaneesh Murthy, is is launching an online market place for healthcare products and services. This venture PM Health & Life Care Pvt Ltd is in partnership with four professionals.
 
This is a new arena for Murthy. His online business proposes to connect chemists and druggists with consumers.
It is reported that a family fund of Phaneesh Murthy has led the seed round of USD 3.2 million.
 
Murthy will act as Executive Chairman and Hemant Bhardwaj as CEO. His other associates will be Umesh Naidu as Chief Operating Officer, Anil Bajpai will be Chief Technology Officer and Harshit Singhal will be Chief Finance Officer and Head of Strategy. 
 
Murthy, Co-Founder and Chairman of PMHLC, said, "The proposed health exchange is an innovative model, bringing technology as the great enabler for facilitating well-informed healthcare access."
 
"The health exchange meets the latent need of the consumers, clinics, hospitals, diagnostic centres and doctors to make quality healthcare accessible and efficient to a large population," he said.
 
The company will only work with providers of goods and services who meet all regulatory and quality standards, the release said.
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