HealthPlix funding

Bengaluru-based healthtech startup HealthPlix on Wednesday stated that it has raised $13.5 million as part of the ongoing Series B funding round led by Lightspeed Ventures.

Healthtech, or digital health, is using technology to enhance the development and commercialization of medical products.

Earlier, in June 2020, the startup had raised $6 million in its Series B round led by JSW Ventures. Existing investors including JSW Ventures, Kalaari Capital, and Chiratae Ventures also participated in this round.

According to the press statement, HealthPlix will utilize the recent funds to grow 5x by increasing the doctor base in existing geographies, adding new towns and medical specialties, and strengthening its team and product.

Speaking on the development, Vaibhav Agrawal, Partner at Lightspeed, and a former physician, added, “What sets HealthPlix apart is its doctor-first B2B approach. Doctors are the most influential decision-makers in healthcare. We believe whichever platform wins their trust will have the sole right to orchestrate the entire $88 billion of healthcare spending. The impact is very clear — improved health outcomes for patients, better practices for doctors, 10x better Insights for pharma and med device companies, and superior underwriting capability for insurers.”

Founded in 2016 by Raghuraj Sunder Raju, Prasad Basavaraj, and Sandeep Gudibanda, HealthPlix offers clinical software for doctors. It has created an Electronic Medical Record (EMR) software, providing Clinical Decision Support (CDS) to doctors and enabling them to create e-prescriptions under 30 seconds.

According to the startup, more than $1.1 billion of prescription and diagnostic spending arises on HealthPlix annually. Expanding at 10 percent MoM, HealthPlix enables doctors to communicate with patients, hospitals, diagnostic laboratories, pharmaceutical/equipment manufacturers, and insurers, seamlessly.

Commenting on the new investment, serial entrepreneur Sandeep Gudibanda, also the Co-founder and CEO of HealthPlix, said, “Doctors are at the core of healthcare delivery, and at the core of a doctor’s day is his interaction with the patient. These few minutes matter most. It is in this precious interaction that health decisions get made, diagnostic tests get prescribed, pharmaceutical brands get chosen, surgical procedures get planned, and hospital referrals get made. This interaction is the moment of truth, where $88 billion of annual healthcare spend is decided. And in this moment of truth, the ONLY solution that doctors turn to for assistance is HealthPlix.”

Further adding, Raghuraj Sunder Raju, Co-founder of HealthPlix, mentioned, “We are doubling down our efforts to help doctors provide in-person or remote consultation to their patients using the same digital platform seamlessly. Doctors using HealthPlix save time and get a unified view of their patient’s disease journey which aids their treatment decisions. These benefits have made HealthPlix the trusted choice among doctors.”

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