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MediBuddy had merged with DocsApp in June final 12 months, after which the mixed entity had raised $20 Mn as a part of the Sequence B spherical
Going ahead, MediBuddy and DocsApp will function underneath a single model identify — MediBuddy
MediBuddy claimed the Covid-19 pandemic has created an acceleration within the adoption of digital healthcare, one thing it’s working to faucet into.
Healthtech startup MediBuddy has introduced the shut of a $40 Mn Sequence B funding spherical. The corporate had earlier raised $20 Mn within the spherical after it had merged with telemedicine startup DocsApp in June final 12 months.
Going ahead, each MediBuddy and DocsApp will function underneath a single model identify — MediBuddy. Medibuddy, which was based in 2000, claims to have helped greater than 5 Mn company workers make knowledgeable healthcare selections.
In line with the corporate, over Three Cr Indians have used its cell and internet platforms to entry specialist docs 24×7 on video, order medicines and guide house assortment of lab samples. As well as, a number of Fortune 500 firms in India have trusted MediBuddy as their most popular digital healthcare associate to assist their workers entry varied healthcare advantages.
DocsApp was based in 2015 by Satish Kannan and Enbasekar Dinadayalane and gives an AI-powered platform connecting specialist docs for digital consultations throughout 20 departments corresponding to dermatology, weight administration, sexology and extra. Apart from telemedicine, it has additionally added medication ordering and diagnostic checks reserving companies.
MediBuddy claimed the Covid-19 pandemic has created an acceleration within the adoption of digital healthcare, one thing it’s working to faucet into. The corporate stated that its Sequence B spherical attracted new investments from India Life Sciences Fund III, LLC, TEAMFund LP, JAFCO Asia Fund, FinSight Ventures, ALES International Japan and Past Subsequent Ventures. Current traders together with Bessemer Enterprise Companions, Milliways Ventures and Rebright Companions additionally participated on this spherical.
“At MediBuddy, we try in direction of making high-quality healthcare accessible to Indians throughout the size & breadth of the nation. On any given day, we offer consultations to extra sufferers than any main offline hospital chain. Furthermore, we’re happy with the truth that over 50% of those customers are from non-urban areas,” stated Satish Kannan, cofounder and CEO at MediBuddy.
MediBuddy has claimed that its associate community contains 90,000 docs, 7,000 hospitals, 3,000 diagnostic centres and a couple of,500 pharmacies masking 23,000 pin-codes in India, and a 1000-member crew positioned throughout 22 Indian cities.
The healthcare market is anticipated to develop 4x within the post-Covid world, from $144 Bn in 2019 to $638 Bn by 2025.
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