DocsApp, a 24×7 digital healthcare platform that connects patients to specialist doctors through chat, call and video, has merged its operations with digital healthcare platform MediBuddy in the wake of COVID-19 pandemic that has boosted demand of healthtech platforms across the country.
The merged entity has attracted $20 million in funding led by marquee investors such as Bessemer Venture Partners, Fusian Capital, Mitsui Sumitomo (MSIVC), and Beyond Next Ventures, per a statement.
The round also saw the participation of existing investors, Milliways Ventures and Rebright Partners.
Over the past few months, healthcare services backed by technology are witnessing significant growth as consumers are looking to embrace disruptive solutions even in peripheral sectors such as diagnostics, and remote ICU diagnostics, among others.
Combining their respective strengths, DocsApp and MediBuddy will continue to focus on areas such as online specialist doctor consultations, lab tests, preventive health checks, delivery of medicines, among others.
Together, the combined entity claims to be servicing healthcare needs of over 3 crore Indians, with a partner network of over 90,000 doctors, 7000 hospitals, 3000 diagnostic centres and 2500 pharmacies across the country.
The funding raised will help the joint entity strengthen its doctor base, patient reach, and ramp up product and technology, among others.
Health tech startups are mushrooming in India, cashing in on low penetration of healthcare services. Entrepreneurs are trying to fix different problems to cater to consumers. While some are focussed on doctor discovery, others are tapping in on medicine delivery, at-home health care services, among others.