Stride Ventures, a Venture debt fund, has recently led a debt funding round of INR 25 crore in a Bengaluru-based digital healthcare platform, MediBuddy.
Users of this health-tech startup can consult doctors (specialists included), book lab tests, and order medicines from the comfort of their homes. MediBuddy has several ties with leading corporate customers in the country. They are known to help their employees access multiple healthcare benefits and incentives.
Satish Kannan(CEO) and Enbasekar (CTO) are co-founders of MediBuddy. MediBuddy has already served 3 crore Indians. This startup takes care of the healthcare needs of over 35,000 Indians across the country every day. They have covered 95% of all Indian pin codes, including partnering networks of over 90,000 doctors, 3000 diagnostic centers, 7000 hospitals, and more than 2500 pharmacies.
MediBuddy aims to provide the highest quality of healthcare services to the maximum number of people (above a billion people). Moreover, the founding members wish to strengthen their technology, operational procedures, and marketing with the help of this funding.
“Telemedicine is growing at a monumental pace in India and the pandemic has only further amplified the importance of going digital. We are excited to have Stride Ventures along on this journey. At MediBuddy, we strive towards making high-quality healthcare accessible to Indians across the length and breadth of the country.”
With a target corpus of over 1000 crores, Stride Ventures has recently launched its second venture debt fund. Through its innovative & alternate financing solutions within the venture debt spectrum, Stride Ventures aims to continue investing in early to late-stage startups. Since January of 2021, Stride Ventures has already disbursed over INR 200 crores.
Stride Ventures’ founder & Managing partner, Ishpreet Gandhi, added, “The need for remote examining and monitoring of patients, and contactless technology all over India, is more imperative than ever. We are pleased to see how MediBuddy has leveraged technology to scale up rapidly with a clear vision to evolve health tech in India.”
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