Avataar co-leads $22m funding in HealthPlix and India deals worth $535m

Avataar co-leads $22m funding in HealthPlix and India deals worth $535m

Healthtech startup HealthPlix Technologies on Wednesday announced that it has raised $22 million in its Series C funding round led by Avataar Venture Partners, SIG Venture Capital, and existing investors.

The proceeds from this round of funding will be used to ramp up doctor-first product innovation, enhance the technology stack, and scale user acquisition efforts, HealthPlix said in a statement.

The startup currently claims to be empowering over 10,000 doctors to drive better health outcomes for their patients by providing clinical decision support at the point of care. By 2024, Healthplix plans to increase its doctors’ base to over 25,000, the statement added.

HealthPlix said that more than 22 million patients have been treated till date using its EMR platform by doctors practising across 16 specialities. Its doctor base and network spans across 370+ cities in India. The startup had raised $2 million in debt funding from Blacksoil Capital last year.


Here are the prominent venture capital transactions in India announced from March 14-16, 2023.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)IndustryVerticals
HealthPlix TechnologiesBengaluru22,000,000Series CAvataar Venture Partners, SIG Venture CapitalLightspeed Venture Partners, JSW Ventures, Kalaari Capital, Chiratae VenturesHealthcare ITHealthtech
One ImpressionGurugram10,000,000Series AKRAFTON, Inc-Marketing/AdvertisingSales/Marketing Software
AeremMumbai5,000,000Pre-Series AAvaana CapitalBlume VenturesFinancial ServicesFintech
Finsire Pune1,300,000SeedDevX Venture FundiSeed, Spark Capital, 1947 Rise, Adept ventures, Portal Angel Investors, Purple Matters, DeVC India, Lets Ventures, Shashank Kumar, Harshil Mathur, MadhuR, Prabhu R, Muthu A, Lalit Keshre, Maninder G, Justin Caldbeck, Abhinav Sinha, Mohan K, Pratekk Agarwal, Abhishek Goyal, Abhishek Rungta, Rahul Mathur, Meet Semlani, Amit GoelFinancial ServicesFintech
peARMumbai507,859Pre-Series A1crowd, Chennai Angels, Inflection Point Ventures (IPV)-SoftwareRestaurant Tech
LenskartFaridabad, Haryana500,000,000EquityAbu Dhabi Investment Authority-RetailE-commerce
BuyStarsGurugram5,000,000Pre-Series ALumikai, Chiratae, Leo Capital-SoftwareE-commerce
GynovedaMumbai10,000,000Series AIndia Alternatives FundWipro Enterprises, RPG Ventures, Dharampal Satyapal Ltd, Alteria CapitalPharmaceuticalsE-commerce
Yellow MetalBengaluru3,000,000SeedMSA NovoSpiral Ventures, WaterBridge Ventures, Java CapitalFinancial ServicesFintech


Edited by: Joymitra Rai

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