After Cure.fit, IDG and Kalaari lead $3 Mn Series A round in HealthPlix

Healthtech startup HealthPlix has raised $3 million in a Series A funding round led by IDG Ventures India and Kalaari Capital.

HealthPlix will use the funds to strengthen its AI (artificial intelligence) technology and expand its team and services in other geographical markets.

The development comes a day after IDG and Kalaari closing $120 million Series C round in fitness startup Cure.fit in which Accel Partners also participated.

Founded in 2015 by Gudibanda, Raghuraj Sunder Raju, and Prasad Basavaraj, the Bengaluru-based startup provides doctors electronic medical records (EMR) for patients and helps provide personalized consultation based on a patient’s medical history.

It currently focuses on chronic segments such as endocrinology, diabetology, cardiology, nephrology, oncology and internal medicine, among others.

With the fresh capital infusion, the startup also plans to expand to other medical specialties including gynaecology and neurology.

According to Gudibanda, HealthPlix had earlier raised $500K in three rounds of angel investments in 2017 and 2015, reports Mint.

With employees strength of 42 people, HealthPlix has a presence across 150 cities and it claims to have 2.2 lakh, unique patients, every month. In the next 18 months, it aims to increase its strength to 200.

This year a slew of healthtech startup got funded by prominent investors including  Accel, IDG, Nexus Ventures Montane Ventures among others.

Last month, Artificial Intelligence-based health tech startup SigTuple bagged $19 million in its Series B round led by Accel and IDG whereas LiveHealth, Doxper and Wellthy received healthy funds in March this year.

Earlier, early-stage VC Montane Ventures had led a $3.1 million funding round in digital preventive health startup healthi.

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here