DocsApp aims to seal its Series-A fundraise close to Rs 36 Cr ($5.5 million) from Bessemer Venture Partners. This funding round is expected to close within two weeks.
The funds will enable the company to expand its range of services and attract more visibility in the Indian market, according to the company.
The digital medical consultation platform claims to deliver a doctor within half an hour. The company has a mobile-only platform which enables interactions with doctors for nearly 1,600 people every day.
This smartphone application is a mobile-chat platform for patients to communicate with doctors across the country via conversations and call – with medical service providers, and share diagnostic documents for consultation
Last year, the company was reported to have over 80,000 users on its platform with about 15,000 of them using its application at least once a month.
The Bengaluru-based startup incubated in IIT Madras and is set up by IIT-Madras alumni Satish Kannan and Enbasekar D. DocsApp claims to have solved the issue of reaching out to the untapped areas in the country through partnerships with telecom service providers. As per the company’s founder, it has tie-ups with all major telecom providers in the country.
“We will reach more locations and populate the platform with more doctors and expand medicine delivery to 15 from seven cities.” said Kannan. IIT Madras’s incubation cell presents budding entrepreneurs in its fold to the vast alumni network of the college, a key contributor to the Facebook investors getting to know about Docsapp, said Kannan
DocsApp last received $1.2 million funding led by Rebright Partners, a Japan-based VC firm in April 2016. Angel investors Venky Harinarayan and Anand Rajaraman had also participated in the round.