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India’s Major Digital Healthcare Business MediBuddy Raises USD 125 Million in Sequence C Funding

Premier funding spherical in the Digital Healthcare companies house

BANGALORE, India, Feb. 24, 2022 /PRNewswire/ — MediBuddy, India’s premier conclude-to-end digital health care platform, has raised USD 125 million in Series C funding from Quadria Cash and Lightrock India alongside with participation from present investors Bessemer Undertaking Companions, India Existence Sciences Fund III, Rebright Partners, JAFCO Asia, TEAMFund LP, FinSight Ventures, InnoVen Cash, Stride Ventures, and Alteria Capital.

MediBuddy supplies its users with 24×7 accessibility to specialist medical professionals through movie phone calls, doorstep medication shipping and delivery, at-home lab checks, mental well being aid, and other built-in health care companies. The platform has effectively catered to the health care desires of in excess of 3 crore Indians.

Obtaining recently onboarded megastar Amitabh Bachchan as its formal brand ambassador, MediBuddy is ready to scale to new heights and make substantial-top quality healthcare far more available to a billion Indians.

With the new spherical of funding, the in depth healthcare system will additional invest in consumer consciousness, using the services of, strengthening technology platforms such as data science abilities, medical investigation, and solution enhancement.

Tejasvi Ravi, Principal & Healthcare direct, Lightrock India, said, “MediBuddy is taking part in a vital function in organising principal healthcare services, improving good quality and ease even as it expands access across India such as Tier 2 and Tier 3 cities. The management team have a exceptional being familiar with of customer need and have scaled their attain and solutions to a management posture. MediBuddy’s care-platform delivers seamlessly built-in care that is major the way in escalating uptake of primary health care and assisting tens of millions of shoppers continue to be healthful.”

Dr Amit Varma, Managing Husband or wife and Co-founder, Quadria Money, explained, “Digital Health care is witnessing an unparalleled advancement and above the up coming decade digital infrastructure will revolutionise the way individuals eat health care products and services. MediBuddy has currently obtained a management situation in the digital healthcare marketplace whilst demonstrating exceptional unit economics. We are content to assist MediBuddy in even further consolidating its position and filling the gaps that exist in electronic health care.”

Satish Kannan, Co-founder, and CEO, MediBuddy, stated, “From the inception of MediBuddy, we have envisioned earning substantial-good quality healthcare simply accessible to a billion individuals in the region. Digitisation of the health care market has aided men and women living even in the most distant parts of the country avail timely healthcare treatment by specialists. With the newest round of funding, we will capitalise on strengthening our network of health care company companies and our group when launching new providers on the system. As generally, we will continue on to be at the forefront of the electronic transformation of India’s health care business.”

The present-day population of India stands at about 1.38 billion, and access to substantial-high quality healthcare is the have to have of the hour. The key e-wellness house in India is even now at its nascent phases with minimal penetration ranges the Federal government of India has also acknowledged the exact with a enhance in the budget to empower and support electronic healthcare platforms.

Source MediBuddy