The StartupLab : Compliance | Tech | Funding

HealthPlix Technologies Raises $22 Million In Series C Round

Indian Funding News

Bengaluru-headquartered HealthPlix Technologies Pvt Ltd, which runs an artificial intelligence-based medical records platform, has raised $22 million (around Rs 181 crore) in its Series C funding round.

Led by Avataar Venture Partners and SIG Venture Capital, the funding round also saw participation from its existing investors, including Lightspeed Venture Partners, JSW Ventures, Kalaari Capital, and Chiratae Ventures.

As per the startup, the freshly raised capital will be used to ramp up its technology stack and acquire more users for its digital platform. The Bengaluru-headquartered startup has over 10,000 doctors on its platform, and it aims to take this number to more than 25,000 by 2024.

HealthPlix | Helping Doctors Digitise Their Practice

Started in 2014, HealthPlix allows doctors to interact with patients, hospitals, diagnostic laboratories, pharmaceutical/equipment manufacturers and insurers.

The startup provides a digital technology platform to the doctor’s community to give them ready access to their patient’s health records for better outcomes.

Speaking on the development, Co-founder and CEO Sandeep Gudibanda said,

“At HealthPlix, our vision is to drive better health outcomes at the population level. Today, we serve 2.5% of the entire Indian population. With these new funds, we aim to cater to 200-250 million more patient lives in an 18-month time frame.”

HealthPlix | Helping Doctors Digitise Their Practice
(Left) Sandeep Gudibanda (CEO) and Chaitanya Raju (Executive Director)

HealthPlix claims to have pioneered the digitization of healthcare through its future-ready AI-powered EMR platform for doctors in India.

Currently, the Bengaluru-headquartered startup is present in more than 370 cities in India and empowers over 10,000 doctors. The startup also claims to be advancing national health missions, including Ayushman Bharat Digital Mission.

In March 2021, HealthPlix raised $13.5 million as part of the ongoing Series B funding round.

Commenting on the development, Mohan Kumar, Investment Advisor to Avataar Venture Partners, said,

“HealthPlix approach of using doctors as the focal point and delivering value to other stakeholders like patients, pharma brands, pharmacies, and diagnostic labs is unique and differentiated. We have seen many business models that have failed to scale in the healthtech ecosystem, and we believe that Sandeep has built a great team to deliver on HealthPlix promise.”

Follow us and connect with us on Instagram, FacebookTwitter, and LinkedIn.

Note: If you are a budding entrepreneur and require assistance to register a Pvt Ltd Companyregister a company, create financial projections, business development, LLP Registration, compliance filing, funding formalities, debt fundingCFO Services, or other startup related legal servicescontact us.

Exit mobile version