DocsApp has rebranded as MediBuddy, aiming to make quality healthcare easily accessible to over a billion people in India. The company is India's #1 ISO Certified Medical App, offering 24x7 specialist doctor consultations over chat and call within 30 minutes. With a user base of over 3.5 Million+ and 3000+ doctors, DocsApp has gained the support of Bessemer Venture Partners, Rebright Partners, and other investors, positioning it for rapid scalability. The company provides consultation services across various disciplines and facilitates medication orders and lab test bookings with a tech-enabled, round-the-clock, and multi-language platform.
Since its founding in 2015, DocsApp has secured significant developmental funding. In April 2016, it raised $1.2 million in seed funding from Facebook's angel investors Anand Rajaraman and Venky Harinarayan, alongside Japanese Venture Capital firm Rebright Partners. In December 2017, the company further raised $7.2 million during its Series A round from Bessemer Venture Partners (BVP), Japanese investors Techmatrix Corporation and DeNa networks. Notably, existing angel investors and Rebright Partners also participated in this round. The most recent investment was a $8.00M Series B investment in November 2020, with funding from TEAMFund Health Ventures and Jafco Ventures.
Given its strong investor backing and efficient, user-friendly healthcare platform, MediBuddy presents an attractive opportunity for venture capital firms seeking investment prospects in the Health Care industry, especially considering the company's rapid scaling in the Indian market and its dedication to making a meaningful impact on national health.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series B | $8.00M | 2 | TEAMFund | 03 Nov 2020 |
Series B | INR725.00M | 4 | Fusian Capital | 07 May 2020 |
Debt Financing | $1.60M | 1 | 14 May 2019 | |
Venture Round | Unknown | 1 | 01 Jan 2018 | |
Series A | $7.20M | 6 | Venky Harinarayan, DeNa networks +1 | 13 Dec 2017 |