HealthPlix Technologies, a Bengaluru-based healthtech startup, has raised $22 million in a recent Series C funding round. HealthPlix, which was founded in 2014, provides a digital technology platform for doctors to easily access their patient’s health records, resulting in better health outcomes.
The startup plans to use the funding to strengthen its technology stack and expand its user base. HealthPlix currently has over 10,000 doctors on its platform, and aims to increase this number to over 25,000 by 2024.
According to HealthPlix’s Co-founder and CEO, Sandeep Gudibanda, the startup’s vision is to improve health outcomes for the population. “Today, we serve 2.5% of the entire Indian population. With these new funds, we aim to cater to 200-250 million more patient lives in an 18-month time frame,” he said. HealthPlix’s core customers are individual doctors’ clinics, small nursing homes, and polyclinics. Only 4% of these doctors rely on electronic health records, giving the startup ample room for growth.
HealthPlix to serve 250 million new patients
Gudibanda believes that it is crucial to drive healthcare outcomes at the primary healthcare centre, and HealthPlix’s technology platform will enable doctors to make accurate diagnoses with all the necessary information at their fingertips. HealthPlix’s digital platform is already present in more than 370 cities in India, delivering over 100,000 consultations per day. The startup’s software suite also provides specialised services for various chronic diseases.
Mohan Kumar, Investment Advisor to Avataar Venture Partners, praised HealthPlix’s unique approach of using doctors as the focal point and delivering value to other stakeholders such as patients, pharma brands, pharmacies, and diagnostic labs. “We have seen many business models that have failed to scale in the healthtech ecosystem, and we believe that Sandeep has built a great team to deliver on HealthPlix’s promise,” he said.
The funding round was led by Avataar Venture Partners and SIG Venture Capital, with participation from existing investors including Lightspeed Venture Partners, JSW Ventures, Kalaari Capital, Chiratae Ventures and Blacksoil Capital.