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Dec, 11 2018

ImpactGuru.com raises an investment from Abu-Dhabi based Shorooq

ImpactGuru.com was founded by Piyush Jain and Khushboo Jain in 2014.

ImpactGuru.com, Indian healthcare crowdfunding platform, has received an investment from the Abu-Dhabi based firm, Shorooq Investments.

ImpactGuru.com was founded by Piyush Jain and Khushboo Jain in 2014. It makes online fund raising easy for the medical expenses that are not covered by insurance.

Piyush Jain, Co-Founder and CEO, ImpactGuru.com, said, "Impact Guru is thrilled to receive the backing of Shorooq Investments to scale crowdfunding in GCC and make healthcare affordable for all. The potential to use technology to crowdfund for help is limitless in the face of GCC's accelerating smartphone, internet, and digital payments penetration. We look forward to providing the best and most cost-effective patient financing solution in the market today as the first mover in the GCC region."

Mahmoud Adi, Founding Managing Partner at Shorooq Investments, and Shane Shin, Co-Founding Partner at Shorooq Investments, said, "Crowdfunding for medical bills and other personal causes has been one of the most successful and impactful business models around the world. Crowdfunding is just a natural progression of how financial technology makes our society more connected, collaborative and efficient."

"We are extremely excited about our investment in ImpactGuru.com and are already in advanced discussions to pilot this disruptive business across the GCC region," Shane Shin added.

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