September 26, 2023

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India’s Major Digital Health care Corporation MediBuddy Raises USD 125 Million in Sequence C Funding

Biggest funding spherical in the Electronic Health care solutions room

BANGALORE, India, Feb. 24, 2022 /PRNewswire/ — MediBuddy, India’s largest stop-to-stop digital health care system, has raised USD 125 million in Series C funding from Quadria Capital and Lightrock India along with participation from current traders Bessemer Venture Companions, India Daily life Sciences Fund III, Rebright Partners, JAFCO Asia, TEAMFund LP, FinSight Ventures, InnoVen Funds, Stride Ventures, and Alteria Capital.

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MediBuddy provides its consumers with 24×7 accessibility to expert medical professionals via movie calls, doorstep medicine shipping, at-property lab checks, psychological health and fitness aid, and other built-in health care solutions. The platform has effectively catered to the health care desires of over 3 crore Indians.

Getting recently onboarded megastar Amitabh Bachchan as its formal model ambassador, MediBuddy is prepared to scale to new heights and make higher-high-quality healthcare more available to a billion Indians.

With the new spherical of funding, the complete health care system will further spend in consumer awareness, choosing, strengthening engineering platforms together with info science abilities, medical study, and products advancement.

Tejasvi Ravi, Principal & Health care direct, Lightrock India, said, “MediBuddy is actively playing a vital part in organising primary health care providers, improving upon high-quality and comfort even as it expands obtain throughout India such as Tier 2 and Tier 3 towns. The leadership workforce have a exceptional comprehension of buyer need to have and have scaled their get to and products and services to a management placement. MediBuddy’s care-platform presents seamlessly integrated treatment that is leading the way in raising uptake of most important healthcare and aiding hundreds of thousands of buyers remain balanced.”

Dr Amit Varma, Managing Companion and Co-founder, Quadria Money, mentioned, “Electronic Healthcare is witnessing an unparalleled growth and above the upcoming decade digital infrastructure will revolutionise the way individuals eat health care services. MediBuddy has previously obtained a management posture in the electronic health care industry even though demonstrating exceptional unit economics. We are happy to help MediBuddy in further consolidating its placement and filling the gaps that exist in electronic healthcare.”

Satish Kannan, Co-founder, and CEO, MediBuddy, reported, “From the inception of MediBuddy, we have envisioned building higher-quality health care easily available to a billion people in the country. Digitisation of the healthcare industry has aided men and women dwelling even in the most distant elements of the nation avail timely healthcare treatment by professionals. With the most current round of funding, we will capitalise on strengthening our community of health care provider suppliers and our team whilst launching new companies on the system. As constantly, we will continue to be at the forefront of the electronic transformation of India’s healthcare market.”

The latest inhabitants of India stands at about 1.38 billion, and accessibility to significant-high-quality health care is the need to have of the hour. The key e-wellbeing house in India is nonetheless at its nascent levels with lower penetration levels the Governing administration of India has also acknowledged the same with a enhance in the budget to allow and aid digital health care platforms.



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