However, he did not divulge the size of his investment in the company.

Mr Raghavan told reporters here that various firms -Web-enabled services, process control and computerisation of rural agriculture-have approached him for funding. Medybiz chief operating officer, Mr A Suryanarayanan said that the fresh funds would be deployed into various innovative initiatives including introducing a B2B module, HealthCard facility and an NRI-focused section besides setting up operations in nine more cities. The company has operations in Bangalore, Hyderabad and Chennai.