- Largest funding round in the Digital Healthcare services space

    MediBuddy, India's largest end-to-end digital healthcare platform, has 
raised USD 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, Rebright Partners, JAFCO Asia, TEAMFund 
LP, FinSight Ventures, InnoVen Capital, Stride Ventures, and Alteria Capital.

   MediBuddy provides its users with 24x7 access to specialist doctors via 
video calls, doorstep medicine delivery, at-home lab tests, mental health 
support, and other integrated healthcare services. The platform has 
successfully catered to the healthcare needs of over 3 crore Indians. 

   Having recently onboarded megastar Amitabh Bachchan as its official brand 
ambassador, MediBuddy is ready to scale to new heights and make high-quality 
healthcare more accessible to a billion Indians.

   With the new round of funding, the comprehensive healthcare platform will 
further invest in customer awareness, hiring, strengthening technology 
platforms including data science capabilities, clinical research, and product 
development.

   Tejasvi Ravi, Principal & Healthcare lead, Lightrock India, said, "MediBuddy 
is playing a critical role in organising primary healthcare services, improving 
quality and convenience even as it expands access across India including Tier 2 
and Tier 3 towns. The leadership team have a remarkable understanding of 
consumer need and have scaled their reach and services to a leadership 
position. MediBuddy's care-platform provides seamlessly integrated care that is 
leading the way in increasing uptake of primary healthcare and helping millions 
of customers stay healthy".

   Dr Amit Varma, Managing Partner and Co-founder, Quadria Capital, said, 
"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. We 
are happy to support MediBuddy in further consolidating its position and 
filling the gaps that exist in digital healthcare".

   Satish Kannan, Co-founder, and CEO, MediBuddy, said, "From the inception of 
MediBuddy, we have envisioned making high-quality healthcare easily accessible 
to a billion people in the country. 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. As always, we will continue 
to be at the forefront of the digital transformation of India's healthcare 
industry".

   The current population of India stands at about 1.38 billion, and access to 
high-quality healthcare is the need of the hour. The primary e-health space in 
India is still at its nascent stages with low penetration levels; the 
Government of India has also acknowledged the same with a boost in the budget 
to enable and support digital healthcare platforms. 

   Logo: https://mma.prnewswire.com/media/1753631/MediBuddy_Logo.jpg

   Source: MediBuddy