+1-888-308-5802      . .

HealthPlix secures USD 13.5 million during its Series B funding round

Author : Pankaj Singh | Published Date : 2021-04-01 

HealthPlix secures USD 13.5 million during its Series B funding round

As per reliable sources, Bengaluru-based HealthPlix Technologies Pvt. Ltd. has raised USD 13.5 million in its ongoing Series B round, which was led by Lightspeed Venture Partners. The fundraising also saw participation from established investors such as Kalaari Capital, JSW Ventures, and Chiratae Ventures.

This takes the health-tech startup's overall valuation to USD 17.5 million, cited sources with relevant information.

HealthPlix's Electronic Medical Record (EMR) program has been gaining considerable momentum among healthcare professionals as it provides clinical decision-making assistance and produces e-prescriptions. The company claims that over USD 1.1 billion in drug and diagnostic spending is recorded each year.

Sandeep Gudibanda, CEO and Co-Founder of HealthPlix, reportedly said that the Indian government is considering making a patient's health history readily accessible to not just their respective primary care physician but also to any doctor.

Meanwhile, Co-Founder Raghuraj Sunder Raju expressed that the team is doubling down on their efforts to aid doctors to provide in-person or remote consultations to their patients using the same digital platform seamlessly.

Vaibhav Agrawal, a Partner at Lightspeed Ventures, mentioned that whichever platform earns the doctor’s confidence will have supreme authority over the USD 88 billion in healthcare spending.

According to the press release, HealthPlix will use the funds to achieve its goal of 5x growth by expanding its doctor base in established markets, introducing new geographical regions and medical specialties, as well as investing in newer teams and products.

The Bengaluru-based startup was founded by Prasad Basavaraj, Raghuraj Sunder Raju, and Sandeep Gudibanda in 2016. Its mission includes offering clinical software for doctors to ease operational experience as well as improve patient outcomes.

If market speculations are right, there has been a significant increase in deal-making activities in the Indian health-tech startup market. Also, telemedicine, wearable devices, health & wellness, e-pharma, and diagnostics have all seen significant growth in their use.

Source Credit –

https://economictimes.indiatimes.com/tech/funding/healthplix-lands-13-5-million-funding-led-by-lightspeed/articleshow/81770675.cms

 

About Author

Pankaj Singh . .

Pankaj Singh

Endowed with a post graduate degree in management and finance, Pankaj Singh has been a part of the online content domain for quite a while. Having worked previously as a U.K. insurance underwriter for two years, he now writes articles for fractovia.org and other online portals. He can be contacted at- [email protected] | https://twitter.com/PankajSingh2605

Related News

Bayers new CEO initiates management job cuts to accelerate decision-making

Bayers new CEO initiates management job cuts to accelerate decision-making

Published Date: 2023-09-15         Author: Pankaj Singh

Bayer newly appointed CEO, Bill Anderson, has reportedly unveiled plans to streamline the companys management structure in a bid to expedite decision-making processes. This marks the first step in a broader effort to transform the embattled German company, which has been under pressure from inv... Read More>>

Smurfit Kappa in Merger Talks with WestRock worth $19 Billion

Smurfit Kappa in Merger Talks with WestRock worth $19 Billion

Published Date: 2023-09-08         Author: Pankaj Singh

Smurfit Kappa, a prominent player in the packaging industry, is reportedly engaged in merger discussions with its US counterpart, WestRock. This prospective merger has the potential to create a cardboard box-making powerhouse boasting a market value approaching $19 billion (€17.8 billion). Furt... Read More>>

RBC plans job cuts to take on anticipated economic softening

RBC plans job cuts to take on anticipated economic softening

Published Date: 2023-08-25         Author: Pankaj Singh

The Royal Bank of Canada is reportedly planning to reduce its workforce by approximately 1,800 jobs as part of cost-cutting measures, on account of the anticipated upcoming economic landscape. This decision comes after the country's largest bank surpassed analysts' predictions for the third ... Read More>>

© 2024 Fractovia. All Rights Reserved