India: Networking platform DocPlexus secures $700k from Uniqorn Ventures, ASP Consulting

More than a lakh doctors have registered on DocPlexus since its launch in June 2014

Pune-based DocPlexus, a networking platform for healthcare professionals, has raised $700,000 (about Rs 4.6 crore) from startup focused fund Uniqorn Ventures and Austria-based investment and advisory boutique ASP Consulting.

The funds will be used by DocPlexus to develop a strong medical networking market and launch its product on iOS, which is currently available only on web and Android app.

“The Indian healthcare space is evolving rapidly with a large number of digital start-ups emerging in the segment. Quite a few bridge the gap between doctors and patients and make it more convenient for patients to reach out to doctors. Addressing the other side of the spectrum is DocPlexus, an online platform that enables doctors to reach out to their peers to interact and exchange ideas,” Phanish Chandra, founder of DocPlexus said.

DocPlexus was founded by Phanish Chandra along with seasoned European entrepreneurs, who bring along with them prior experience of establishing a similar successful model in Germany. Chandra is an IIT Kharagpur alumni with around 13 years of experience in the IT space.

The platform was launched in June last year, and had witnessed more than 100,000 doctor registrations till last month. Positioning itself as a Quora and LinkedIn for doctors, the platform aims to unlock the knowledge repositories with doctors that develop with experience, the company said in a statement.

Doctors from more than 1,500 cities and towns, and across 83 specialties are present on DocPlexus and interacting on a daily basis through queries, posts, answers, comments, etc. Along with smaller institutions, physicians from established hospitals like Apollo, Max, Fortis, AIIMS, PGIMER, JIPMER and CMC Vellore are also active on the community platform.

“No access is provided to doctors until they provide their medical registration numbers. The stringent verification process enables the platform to maintain the quality of engagement and interactions,” Chandra said.

DocPlexus competes with the likes of Curofy and PlexusMD in India.

Mumbai-based Uniqorn Ventures is a seed and early-stage venture fund that invests, typically in the range of Rs 2-4 crores, in Indian start-ups with disruptive business models and technologies.

Also Read: Healthcare platform Practo acquires smaller rival Qikwell

Online doctor discovery platform Practo acquires Insta Health for $12m

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.