News: Healthcare startup MediBuddy secures $125 Mn in Series-C funding

Technology

Healthcare startup MediBuddy secures $125 Mn in Series-C funding

MediBuddy recently made waves in the market by appointing Amitabh Bacchan as the brand ambassador of the company.
Healthcare startup MediBuddy secures $125 Mn in Series-C funding

MediBuddy has raised $125 million in funding from Quadria Capital and Lightrock India in a Series C funding round. The Bengaluru based online healthcare company didn’t disclose its valuation in the Series C funding, various media sources have said.  

MediBuddy provides 24x7 access to specialist doctors via video, doorstep medicine delivery, at-home lab tests, mental health support and other services.

Tejasvi Ravi, Principal and Healthcare lead, Lightrock India, said, “MediBuddy is playing a critical role in organising primary healthcare services, improving quality and convenience even as it expands access across India including Tier 2 and Tier 3 towns. The leadership team has a remarkable understanding of consumer needs and have scaled their reach and services to a leadership position.”

He also added that MediBuddy’s care-platform provides seamlessly integrated care that is leading the way in increasing uptake of primary health care and helping millions of customers stay healthy.  

With the new funding, the company plans to further invest in customer awareness, hiring, strengthening technology platforms including data science capabilities, clinical research, and product development.

MediBuddy boasts of more than 3 crore customers, leveraging its pan-India network of 90,000 doctors, 7,000 hospitals and 3,000 diagnostic centres. It also provides employee health and wellness services to more than 700 corporate customers.

"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,” said Satish Kannan, co-founder and chief executive officer of MediBuddy.

It would interesting to see what innovations MediBuddy would bring to make discovering, accessing, utilizing and monitoring healthcare seamless, real-time and virtually paperless.

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Topics: Technology, Funding & Investment, #HRTech

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