Online doctor consultation platform DocsApp has merged with MediBuddyâs digital consumer health business. This coming together of DocsApp, and MediBuddy, a digital consumer health for enterprises, creates a comprehensive digital healthcare platform.
With digital health being the new normal, DocsApp and MediBuddy are experienced and equipped to give access to high-quality healthcare. Combining their respective strengths, the joint entity is well-positioned in enabling 24x7 access to healthcare. The platforms will continue to focus on enabling healthcare services such as online specialist doctor consultations, lab tests, preventive health checks, delivery of medicines, etc., to customers across India.
Together, the combined entity is servicing the healthcare needs of over 3 crore Indians, with a partner network of over 90,000 doctors, 7,000 hospitals, 3,000 diagnostic centres and 2,500 pharmacies covering over 95% of all pin codes in India.
Satish Kannan, CEO of the merged entity said, âThis combined entity will offer a comprehensive platform to our customers that delivers on the promise of a digital healthcare future. As first-movers, we are confident that we will establish market leadership and fulfil our mission to provide quality healthcare to every Indian.â
Satish Gidugu, CEO, Medi Assist, added, âWe are excited to join forces and set a bold new vision for the digital healthcare ecosystem in India. Combining the capabilities of DocsApp and MediBuddy will deliver an on-demand healthcare platform providing exceptional customer experience for both enterprise and retail users.â
Satish Kannan, CEO announced a $20 million (Rs 150 crore) Series B round of funding led by Bessemer Venture Partners, Fusian Capital, Mitsui Sumitomo (MSIVC) & Beyond Next ventures. Existing investors, including Milliways Ventures and Rebright Partners, also participated in this round.Â
The joint entity will utilise the funding in further strengthening its doctor base, patient reach, product and technology to move a step closer to its mission of providing high-quality healthcare to a billion people.
Elaborating on this investment, Vishal Gupta, MD, Bessemer Venture Partners said, âAs a result of its targeted solutions and exceptional metrics, DocsApp has achieved a leadership position. We are pleased to be a part of this growth journey and believe that the merger with MediBuddy is the boost it requires to provide quality healthcare to all. We will now be able to deliver services across the value chain and also have become the largest player in terms of the customer base.â