Digital healthcare platform MediBuddy has raised $125 million in Series C funding from Quadria Capital and Lightrock India along with participation from existing investors Bessemer Venture Partners, India Life Sciences Fund III, and others. However, the company did not disclose its valuation.
The Bengaluru-based company plans to invest the new funding in customer awareness, hiring, strengthening technology platforms including data science capabilities, clinical research, and product development.
The app connects patients for online consultations from experienced and verified doctors via chat, video or voice call across 18 specialities such as Dermatology, Paediatrics, Gynaecology and others. It is also a partner to several leading corporate customers in the country and helps their employees access multiple healthcare benefits.
MediBuddy helps its users consult specialist doctors, order medicines and book lab tests from the comfort of their homes with over 90,000 doctors, 7,000 hospitals, 3,000 diagnostic centres and 2,500 pharmacies and a 1500-member team located across 22 Indian cities.
MediBuddy had previously raised $40 million in February last year, eight months after its merger with online doctor consultation platform DocsApp. Both MediBuddy and DocsApp operate under a single brand name - MediBuddy.
