Doctor Insta, a healthcare technology and video medicine based platform, is all set to raise $4 million fund for its national expansion.
Amit Munjal, founder and CEO of Doctor Insta confirmed the news to ET and said that they are expecting that the new round of funding will provide them a stimulus and tremendous growth while they are also planning to spend in expanding their team and service portfolio. The firm has mandated BIORx Venture Advisors, a firm specialise in pharma and healthcare advisory and funding services.
At present, it has services across India through B2B and B2B2C and B2G channels (corporates and governments). This year, the company has joined hands with some big companies like American Express, SRF, Channel Play, Videocon, Muthoot finance and others, who in turn helped cover more than 3,00,000 employees and their families.
Doctor Insta allows patients of all age groups, demography and social strata to receive professionals help anywhere and anytime with the help of videos on mobile or web.The company claims that it has over 500,000 app downloads and more than a million users.
The company was founded in 2015 and in Dec 2016 it had raised about $3 million fund from Seattle-based RoundGlass Partners, a digital healthcare venture capital firm and Los Angeles-based Brahmax Ventures, a US and India market focused venture capital firm. The funds raised was spent to set up operations in India across consumer and corporate verticals.
The company is trying to bridge the gap between doctors and patients by giving them a common platform wherein they can communicate and discuss the problems that patient is going through.
With the help of this platform, Doctors can engage with the patients to diagnose and can provide treatment to patients within 15-20 minutes. It also has tied up with online Pharmacies and Diagnostic Labs to provide the patient a solution for their healthcare needs. The service can be accessed through the company’s web portal and on Android app.