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[Funding alert] MediBuddy Secures $18 million in funding from existing investors

MediBuddy, a supplier of digital healthcare platforms, announced on Wednesday that it has secures capital from previous investors Quadria Capital, Lightrock, and TEAMFund.
MediBuddy founders

MediBuddy, a digital healthcare platform has secured capital from previous investors Quadria Capital, Lightrock, and TEAMFund.

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The current investment round is a continuation of the Bengaluru-based startup’s $125 million series C fundraising. According to a release, the cash will be utilized to drive the company’s growth and expansion objectives through smart acquisitions, as reported by The Economic Times.

“A formidable portion of these funds shall be meticulously channelled into strategic acquisitions and fortifying its existing offerings, harmonising with MediBuddy’s visionary trajectory and enabling exponential growth,” the statement read.

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Over the last three years, MediBuddy has grown at a compound annual growth rate. According to his remark, MediBuddy’s retail and corporate-facing operations have contributed to the company’s success.

DocsApp, a platform for online doctor consultations, has merged with MediBuddy. The organization was the healthcare services division of Medi Assist, one of India’s major third-party administrators. Separately, MediBuddy is one of the well-funded firms in the B2C healthtech market that has laid off a large number of employees since the financing winter of 2022. HealthifyMe, Practo, Pristyn Care, Mfine, and Breathe Well-Being are among the others.

Read also – [Funding alert] Secures $1 Million In Pre-Series Funding

About MediBuddy

With a network of more than 90,000 doctors, 7,000 hospitals & clinics, and 4,000 diagnostic centers covering more than 95% of all pin codes in India, MediBuddy is India’s largest and most trusted digital healthcare platform for inpatient, outpatient, wellness, and fitness requirements.

They are pioneers in the application of cutting-edge technology to provide their members with frictionless access to healthcare, which also guarantees a fully cashless experience for consumers based on their needs and coverage. MediBuddy’s broad products for all healthcare industry participants make finding, using, and monitoring healthcare straightforward, real-time, and essentially paperless.

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