HealthPlix Technologies, with its headquarters in Bangalore, has secured $22 million in a Series C fundraising round that was co-led by Avataar Venture Partners and SIG Venture Capital.
Lightspeed Venture Partners, JSW Ventures, Kalaari Capital, and Chiratae Ventures, some of the round’s previous investors, also participated. Over $20 million in venture capital has been raised for HealthPlix overall.
The 2014-founded health-tech firm offers a digital technology platform to the medical community so that doctors have quick access to patient health information for improved results.
With this new funding, HealthPlix plans to expand its technology platform and draw in additional people to its online community. By 2024, the business wants to increase the number of doctors using its platform from the current level of over 10,000 to over 25,000.
At HealthPlix, our mission is to improve population-level health outcomes, according to co-founder and CEO Sandeep Gudibanda. As of right now, we provide services to 2.5% of all Indians. In an 18-month period, we hope to serve 200–250 million more patient lives with this additional funding.
Individual doctors’ clinics, small nursing homes, and polyclinics are its primary customers. In addition, only 4% of these doctors use electronic health records, giving the startup a lot of room to grow.
Gudibanda thinks it’s critical to improve healthcare outcomes at the primary healthcare facility, and the technological platform of HealthPlix will allow clinicians to provide correct diagnoses given the accessibility of all necessary data.
Almost 370 Indian cities have access to its digital platform, which conducts over 100,000 consultations daily. The software package from HealthPlix also offers specialized services for a number of chronic conditions.
Mohan Kumar, an investment advisor for Avataar Venture Partners, said on the investment: “HealthPlix strategy is unique and innovative in employing doctors as the main point of contact and offering value to other stakeholders, including patients, pharma brands, pharmacies, and diagnostic laboratories. In the health-tech sector, we have observed several business ideas that have failed to grow, and we think Sandeep has put together an excellent team to fulfill the potential of HealthPlix.
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