Digital Diagnostics Start-up 5C Network, which is backed by Tata 1mg, raises $4.6 Million.
5C Network (India) Pvt. Ltd. is a medical diagnostics platform. Ltd. on Tuesday announced that it has closed a Series A investment round of about $4.6 million led by venture capital company Celesta Capital and featuring participation from previous investors Unitus Ventures, and Axilor Ventures. The 5C Network was founded in 2016 by Sivasailam and Syed Ahmed to help people in India save, create, and analyse radiology pictures and to help hospitals in India make better use of their radiology equipment. There were additional angel investors involved, such as Ajay Gupta, Rohit Razdan, and Shiv Tallam. Following a strategic investment by Tata 1mg in March of this year for an unknown sum, the healthtech platform has begun fundraising. The company’s goal with the new capital is to expand the breadth and depth of its diagnostic customer base, as well as to strengthen its data science and clinical teams’ skills and infrastructure. In March, the Bengaluru-based business received an un...