Tata Sons Chairman Emeritus Ratan Tata recently invested in San Francisco-based medical emergency response start-up MUrgency Inc. that will help attract leading talent to the company and major partnerships beyond India.
MUrgency, founded in 2014 in Silicon Valley and incubated out of Stanford ChangeLabs, had also recently received investments from Kris Gopalakrishnan and S D Shibulal led Axilor Ventures. MUrgency plans to the proceeds of the funding to augment technology and scale operations, besides leveraging Tata’s experience and network as a global business leader.
MUrgency claims to make emergency response available with just one tap on a mobile phone within nine minutes in urban areas. In order to develop emergency medical response network, MUrgency is widening its service to become an inclusive and comprehensive medical service platform on one’s mobile phone. The app is live on iOS and Android app stores and several features are accessible across the world already.
With a responder network of 36 hospital emergency rooms (ERs), over 40 ambulances and more than 350 medical professionals, MUrgency launched its service in Tricity area in Punjab on February 16. It is slated to launch services in Amritsar and Jalandhar in the last week of May and cover the entire state by June end. Some of the business objectives of MUrgency include going pan-India by 2018 and around the world by 2020.
Ratan Tata has made more than 25 investments in start-ups in the last two years. Healthcare firms that have benefitted include Lybrate, Swasth India and Invictus Oncology. Apart from MUrgency, Tata’s overseas investments include Boston-based wind energy startup Altaeros Energies, China’s largest smartphone maker Xiaomi and Singapore-based Crayon Data, a big data analytics firm.