Tuesday, June 25, 2024
HomeStart UpHealthPlix Technologies raises $22M in Series C funding round

HealthPlix Technologies raises $22M in Series C funding round

Bengaluru-headquartered HealthPlix Technologies has raised $22 million in a Series C funding round led by Avataar Venture Partners and SIG Venture Capital.

Since its inception in 2014, the start-up has introduced several products such as EMR, drug-to-drug interactions (DDI), mobile EMR, AI-powered SmartScan and doctor insights dashboard, among others.

“We are a 100 per cent doctor-first firm and our vision is to drive better health outcomes at the population level. Today, we serve 2.5 per cent of the entire Indian population. With these new funds, we aim to cater to 200-250 million more patient lives in an 18-month timeframe,” said Sandeep Gudibanda, co-founder and CEO.

With this new funding, HealthPlix plans to expand its technology platform and bring more users to its digital platform. By 2024, the startup aims to increase the number of doctors using its platform from over 10,000 to over 25,000.

Commenting on the investment, Mohan Kumar, Investment Advisor to Avataar Venture Partners, said, “HealthPlix approach of using doctors as the focal point and delivering value to other stakeholders like patients, pharma brands, pharmacies, and diagnostic labs is unique and differentiated. We have seen many business models that have failed to scale in the healthtech ecosystem, and we believe that Sandeep has built a great team to deliver on HealthPlix promise.”

Subscribe To Newsletter

ICYMI

BRL Editor
BRL Editorhttps://businessreviewlive.com
Business Review Live covers finance, technology, travel, lifestyle, and everything in between through exclusive interviews and analysis, market statistics, digital video, and an expanded array of content formats.