Meddo

Exclusive: Manu Jain, Jitendra Gupta and others back ex Foodpanda’s CEO firm Meddo

Meddo

Health and food are highly interlinked. If you consume junk and fast food, your health is bound to be impacted while good food ensures a healthy and disease-free life. Saurabh Kocchar, former CEO of Foodpanda India has chosen health over food with his tryst with entrepreneurship.

Soon after moving from Foodpanda, Kochhar has started Meddo – a tech platform focused on doctors, patients and clinics. It’s a chain of clinics that aspires to redefine the way primary and secondary healthcare is delivered through a network of connected care.

Founded a year ago, the firm has raised about Rs 10 crore from a host of angel investors. According to Entrackr’s sources, over 40 investors have poured in seed capital in the Gurugram-based startup. “Jitendra Gupta (ex PayU), Manu Kumar Jain (Xiaomi), Hitesh Chawla (SilverPush), Sanjay Bhasin (CEO, ibibo), Gautma Kumra (MD, Mckinsey) have participated in the round,” revealed sources.

Sources emphasised that the round executed about a couple of months ago. 

Currently, the company has 70 specialized clinics across tri-city of NCR. Meddo has a curated listing of about 130 doctors at the moment. According to its website, it digitises health records, offers diagnostic facilities inside clinics and dispenses medicine inside the clinic. 

Importantly, it also promises medicine delivery at the patient’s doorstep within 90 minutes.

Besides Kochhar, docpreneur Naveen Nishchal is another co-founder of Meddo. Nischal was the founder of Cygnus Hospitals that has developed 10 super speciality hospital chain across NCR and Haryana. Founded in 2011, it has a capacity of over 1000 beds and claims to touch a million lives across north India.

“Since existing doctors and clinics lack modern facilities and don’t understand technology, the need for such enabler is evident and important. It’s a big opportunity and Meddo seems to have that experience. Nischal brings experience of building affordable and decent healthcare facilities while Kochhar has understanding of technology,” added one of the two sources quoted above.

*The post has been updated to reflect Gautam Kumra’s correct spelling and the number of smart clinics Meddo has. We said it owns 7 clinics but it has 70. We regret the error.

Meddo

Exclusive: Manu Jain, Jitendra Gupta and others back ex Foodpanda’s CEO firm Meddo

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Amount: INR 3,19, 000 (After Adding 18% GST and Deducting 2% TDS)
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