Health-tech startup DocsApp and digital consumer healthcare provider MediBuddy have announced their merger. The joint entity which has created a comprehensive digital healthcare platform named ”MediBuddy DocsApp”, has secured funding worth USD 20 million (around Rs 150 crore) in Series B round.
The funding round was led by Bessemer Venture Partners, Fusian Capital, Mitsui Sumitomo (MSIVC) & Beyond Next ventures, MediBuddy DocsApp said in a statement.
Existing investors including Milliways Ventures and Rebright Partners also participated in this round.
Responding to the development, Satish Kannan, CEO, MediBuddy DocsApp was quoted as saying, “This combined entity will offer a comprehensive platform to our customers that delivers on the promise of a digital healthcare future. As first-movers, we are confident that we will establish market leadership and fulfil our mission to provide quality healthcare to every Indian.”
The funding would be dutilized to strengthen doctor base, patient reach, product and technology to move a step closer to its mission of providing high-quality healthcare to a billion people, it added.
“As a result of its targeted solutions and exceptional metrics, DocsApp has achieved a leadership position. We are pleased to be a part of this growth journey and believe that the merger with MediBuddy is the boost it requires to provide quality healthcare to all,” Bessemer Venture Partners MD Vishal Gupta said.