Bengaluru-based digital healthcare platform MediBuddy has raised $125 million in a Series C funding round led by Quadria Capital and Lightrock India. 

The funding round also saw participation from existing investors- Bessemer Venture Partners, India Life Sciences Fund III, Rebright Partners, JAFCO Asia, TEAMFund LP, FinSight Ventures, InnoVen Capital, Stride Ventures, and Alteria Capital.

As per the startup, the freshly raised funds will be used to ramp up hiring, strengthening technology platforms, including data science capabilities, clinical research, and product development.

MediBuddy | Digital Healthcare Platform

Co-founded by Satish Kannan (CEO) and Enbasekar D (CTO), MediBuddy is a digital healthcare platform for inpatient, outpatient, wellness & fitness needs. The healthtech startup uses innovative technology to allow zero-friction access to healthcare to its users.

Speaking about the development, Satish Kannan, Co-founder and CEO, MediBuddy, said, 

“With the latest round of funding, we will capitalise on strengthening our network of healthcare service providers and our team while launching new services on the platform.”

The Bengaluru-based startup provides its users with 24×7 access to specialist doctors via video calls, doorstep medicine delivery, at-home lab tests, mental health support, and other integrated healthcare services all in one place.

MediBuddy claims to have catered to the healthcare needs of over three crore Indians, leveraging its unparalleled pan-India network of 90,000 doctors, 7,000 hospitals, 3,000 diagnostic centres, and 2,500 pharmacies that cover over 96 per cent of PIN codes across the country. It caters to over 700 corporates and 50+ lakh employees, including family members.

The startup also provides a healthcare subscription plan — MediBuddy Gold, which covers unlimited specialist doctor consultations for the user and the family. As per the startup, the onset of the COVID-19 pandemic accelerated the adoption of the MediBuddy Gold.

In February 2021, MediBuddy announced the closure of its $40 million Series B funding round.

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