Gurugram-based Healthtech Startup Meddo Acquires Doxper
Just a month after raising a pre-Series A round of $6 million, Gurugram-based healthtech startup Meddo has acquired Mumbai-based Doxper in a cash and stock deal.
Founded by Shailesh Prithani, Randeep Singh and Pawan Jain in 2015, Doxper works in the prescription digitisation space. Its proprietary AI-powered digital pen and paper solution allows doctors to instantly digitise their case sheets without any change in behaviour or workflow.
Recently, Meddo announced its entry into Bengaluru. And now, with this acquisition, Meddo plans to scale up its branded full suite clinics to over 1000 in the next 12-15 months across the ten top-tier markets in India.
One-stop Care For Millions Of Patients
Founded by Dr Naveen Nishchal and Saurabh Kochhar, Meddo provides 360-degree connected health services that transform OPD clinics into fully-digitised medical service centres.
Saurabh Kochhar, Founder and CEO, Meddo, said,
“Outpatient care in India today is worse off than where it was a few decades ago — with both trust and transparency in the system failing. The healthcare journey starts in the clinics for most of us, and it should end there for 98 percent of patients. To enable that, we need tailor-made solutions for India, which would inadvertently rely on network and tech to be able to make a tangible difference at scale.”
He added that the acquisition of Doxper would enable Meddo’s one-stop care for millions of patients across the Doxper network besides its prescription technology. Additionally, it will help in creating the right ecosystem to fundamentally transform outpatient care.
With more than 1.5 crore digitised prescriptions and over one crore patients and adding, healthtech startup Meddo claims to have served and created a customer base of almost six lakh patients in the last two years. Also, the startup has onboarded over 400 doctors from various super specialities and re-branded close to 250 clinics under its brand across Delhi-NCR.
The healthtech space in India is rapidly growing, with top startups in the segment acquiring other startups to expand their offerings. Recently, online pharmacy startup PharmEasy acquired peer Medlife for an undisclosed amount. The Indian healthtech market is growing at a CAGR of 39% to reach $5 billion by 2023, stated a report by IAMAI-Praxis.
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