India's payment and commerce firm Paytm said that it has invested an undisclosed amount in an online healthcare startup -QorQI. Nodia-based QorQl plans to use artificial intelligence (AI) and big data for healthcare sector.
“There is a need in the country for quality care at affordable costs and the sector largely works on an acute shortage of information both on the consumer side and on the side of healthcare professionals. There is hence a need of real time data collection and of improving the overall care process with advanced analytics and AI, said Sudhanshu Gupta, vice president – Paytm.
“We are impressed by QorQl's vision and the team's ability to solve complex use cases and are happy to be a part of their journey,” he added.
Its Qcare solution offers doctors access to patient health and clinical data digitally. “Our connected health applications are leveraging AI and Big Data to collect, integrate and interpret data for all users. This not only helps us solve tough problems but also helps users stay healthy,” said Sanjay Singh, Founder and CEO, QorQl.
Singh added, “Paytm's investment in QorQl is a huge endorsement of our product vision, technology and markets. We look forward to leveraging Paytm's massive reach and bring to market our solutions quicker and at scale.”
Incorporated in 2015, QorQI currently offer services in Delhi NCR and Aligarh. It plans to expand to several Tier II cities across India.