Tuesday, November 28, 2023
HomeInsightFunding Alert 100X.VC-backed Paperplane raises Rs 3 crores

[Funding alert] 100X.VC-backed Paperplane raises Rs 3 crores


Paperplane, an AI-first Digital Clinic has raised INR 3 crores in funding round from Cornerstone Venture Partners Fund.

The round also saw participation from various angles investors and existing investors LetsVenture and 100x.VC.

The startup plans to use the funds to enhance its sales capabilities and for product development.

Bengaluru-based startup was founded in 2021 by Devansh Swarup, Dhruv Upadhyay, Aryan Pandey, and Varun Goel, it is an AI-first digital clinic that streamlines and automates clinic processes such as appointment scheduling, prescription generation, and follow-up, allowing doctors and dentists to focus on their patients. It also helps doctors to connect with patients from a distance.

“The Covid-19 pandemic made it difficult for doctors to consult and treat patients at scale in physical clinics. Paperplane was born out of a motivation to ease this load on medical practitioners of patient management so that they can focus on diagnosis and treatment”, said, Devansh Swarup, CEO of Paperplane.

Devansh also said that the fresh fund will help us further improve and expand the reach of the Al-based exercise management platform.

Vatsal Bavishi, investment director at Cornerstone Venture Partners, said, “With no change in behavior needed on the patient’s behalf, such a platform is exactly what’s needed to deliver healthcare services at scale in India. This is evident from the significant adoption we are seeing in smaller cities and towns already. We are excited to be a part of this journey and look forward to scaling this with the founders.” The company claims that the platform is being used by 500+ medical practitioners, serving 100,000+ patients across the country.

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