Indian healthtech startups DocsApp, MediBuddy merge, raise $20m

Photo by Hush Naidoo on Unsplash

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.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.