Malayalam startup Simple Development Systems (SDS) has raised Rs 100 crore in a round led by Flipkart-backed SoftBank.
The startup has raised $60.7 million in seed funding and has raised over $10 million in venture capital, SDS said in a statement.
The company is also looking to expand into other industries such as manufacturing, financial services and insurance.
“We are looking to focus on the healthcare space and will have a large-scale presence in healthcare,” SDS founder and CEO A. K. Nair said in the statement.
“We are already working on creating the first health platform for India.”
The $60 million funding comes after SoftBank, along with its two Indian subsidiaries, SoftBank Ventures and SoftBank R&D Ventures, had invested in the startup in September last year.
It was previously known as MobiPocket.
The new round is expected to close in the second quarter.
Nair, who was named chairman of the company in December 2016, said in his statement that he is committed to making India a leading global technology hub.
“SDS will be a leader in the healthcare industry and in the Indian startup ecosystem,” he said.
“The company will focus on bringing healthcare technology to India and will be focused on the manufacturing sector.”
According to the company’s website, the startup has built a healthcare system in India and is planning to open a manufacturing facility in Mumbai, India.
The service aims to simplify the process of getting healthcare data from various sources including the Indian government, health facilities, government health data and the private sector.
The app was launched on February 1, 2018.
SDS is targeting a revenue of Rs 10 crore a month from the platform, according to the startup’s website.
It has already developed and deployed a mobile app that is now available in India.
The company plans to expand its healthcare business into the US and Europe, with a focus on healthcare-specific products, Sds CEO Nair told Quartz.