MediBuddy, a digital healthcare startup, has raised $125 million in Series C funding from Quadria Capital and Lightrock India along with existing investors including Bessemer Venture Partners, India Life Sciences Fund III, Rebright Partners, JAFCO Asia, TEAMFund LP, FinSight Ventures, InnoVen Capital, Stride Ventures, and Alteria Capital.
The startup plans to use the fresh capital to ramp up hiring, strengthening technology platforms, including data science capabilities, clinical research, and product development.
“Digitisation of the healthcare industry has helped people living even in the most remote parts of the country avail timely medical care by professionals. With the latest round of funding, we will capitalise on strengthening our network of healthcare service providers and our team while launching new services on the platform,” said Satish Kannan, cofounder, and CEO, MediBuddy.
MediBuddy is India’s Largest & most Trusted Digital Healthcare Platform for inpatient, outpatient, wellness & fitness needs, with a network of 90,000 doctors, 7,000 hospitals, 3000 diagnostic centers covering over 95% of all pin codes in India.
“MediBuddy is playing a critical role in organising primary healthcare services, improving quality and convenience even as it expands access across India including Tier II and Tier III towns,” said Tejasvi Ravi, Principal and Healthcare lead, Lightrock India.
With diverse offerings for all stakeholders of the healthcare industry, MediBuddy makes discovering, accessing, utilizing and monitoring healthcare seamless, real-time and virtually paperless.
“Digital Healthcare is witnessing an unprecedented growth and over the next decade digital infrastructure will revolutionise the way people consume healthcare services. MediBuddy has already achieved a leadership position in the digital healthcare industry while demonstrating superior unit economics,” said Dr Amit Varma, Managing Partner and cofounder, Quadria Capital.