These Founders Donated INR 14 Crores To Their Alma Mater IIT Madras

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These Founders Donated INR 14 Crores To Their Alma Mater IIT Madras

Satish Kannan and Enbasekar Dinadayalanehe- the founders of a next-generation end-to-end digital healthcare platform, have donated INR 14 Crore to the IIT Madras Startup Incubator Cell. Both Satish and Enbasekar are IIT-M alumni and their startup was one of the first incubatees when the cell was launched back in 2013.

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The duo is from the Electrical Engineering department at IIT Madras and they completed their B. Tech and M.Tech degrees from the institute in 2012.

The Story Of Satish Kannan & Enbasekar Dinadayalane

Before venturing into startups, Satish Kannan worked with Phillips Healthcare in the Research & Development sector. Dinadayalane, on the other hand, worked on a research project with Council for Science and Technology for Rural India (CSTRI). In 2013, Kannan and Dinadayalane founded DocsApp - a mobile-based healthcare app that facilitates 24x7 online doctor consultation.

DocsApp was initially housed at the incubation cell at IIT Madras before it developed and grew into a full-fledged startup. Eventually, in 2017, the initial success of DocsApp prompted the duo to scale up operations and integrate other services on the platform. A new app was launched where users can also access allied healthcare services, along with video consultations with doctors.

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Recently, the Bangalore-based company raised USD 125 million in funding from Quadria Capital and Lightrock India. It is now one of the biggest healthcare-related digital startups in India.

Tejasvi Ravi, the Principal & Healthcare lead at Lightrock India, one of the prominent funders, said that the startup is playing a critical role in “organizing primary healthcare services, improving quality and convenience even as it expands access across India including Tier I and Tier III towns.”

IIT Madras Incubation Cell: Nurturing Excellence

The incubation cell at IIT Madras has emerged as a center for excellence in startup incubation in recent times. Since its inception in 2013, the cell has mentored over 250 startups with an aim to create an ideal environment for budding entrepreneurs.

Along with mentorship, the incubator cell also offers financial support to survive in a competitive market. Besides incubating startups from IIT Madras, there is an option for external entrepreneurs as well. Out of all the startups mentored so far, 62% are from IIT-M, while 38 are external.

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