MedTrail raises Rs 6.37 Cr from Strive, LetsVentures, Miten Sampat and others

Healthcare service platform MedTrail has raised Rs 6.37 crores in an equity and venture round led by GREE Ventures (Strive).  

Strive, investing via AT-II Investment alone purchased 10 equity and 16,019 seed CCPS at the total cost of Rs 2.22 crores.

The Delhi-based startup also saw the participation from other prominent investors-LetsVenture, Times Internet's Miten Sampat,  Jamil Khatri, a Partner at KPMG, and Diverse Middle East FZE, a family fund in Dubai - in this round.

Sampat contributed Rs 25 lakhs, while Khatri invested Rs 31 lakhs, and Diverse Middle East FZE participated with Rs 50 lakhs. LetsVenture issued the second largest cheque worth Rs 1.59 crores.

According to the company’s regulatory filings with MCA accessed by Entrackr, it issued  50 equity shares and 35,548 Seed CCPS to raise the fresh proceeds.

MedTrail founded in 2017 by Mohit Mittal (CEO) and Nikhil Agrawal (COO) - provides Doctors & Healthcare service providers, a platform, where they can collaborate with the patients to facilitate a single window experience.

MedTrail essentially helps doctors to transform their clinics into smart clinics without inflicting any behavioral change. The firm intends to change the way the healthcare industry communicates across patients, pharmacies, diagnostics labs, pharmaceutical, and insurance companies.

The company will use these funds to expand its network by onboarding more and more doctors and healthcare service providers on the platform, as well as to increase its reach among the patients.

Before this, Mittal was a co-founder at Burrn and Voodoo Technologies, and function head at Hike. He also led Product Management at Freecharge. Prior to MedTrail, Agrawal was Head of Operations at Voodoo Tech.