MediBuddy Raised $40 Mn In Series B Funding

MediBuddy, a digital healthcare platform headquartered in Bengaluru, revealed on Tuesday that it had raised $40 million in Series B financing. This follows the recent infusion, with participation from other investors, of $20 million led by India Life Sciences Fund III, LLC. In June 2020, the digital healthcare platform had previously reported an additional $20 million in funding under this round.

To further strengthen its doctor and hospital base, patient scope, product, technology, and brand, the digital healthcare network will use the funding to move a step closer to its goal of providing a billion people with high-quality healthcare.

An unparalleled surge in digital healthcare adoption has been generated by COVID-19 and the platform has been said to be at the forefront of this transition.

At MediBuddy, we aim to make high-quality healthcare available to Indians across the country’s length and breadth. We provide more patients with appointments on any given day than any leading offline hospital chain. In addition, we are proud that more than 50 percent of these users are from non-urban areas,’ said Satish Kannan, MediBuddy’s co-founder and chief executive officer.

With a partner network of more than 90,000 physicians, 7,000 clinics, 3,000 diagnostic centers, and 2,500 pharmacies in India covering 23,000 pin-codes, and a 1,000-member team in 22 Indian cities, the platform maintains that it has fulfilled the health needs of three crore Indians and meets the needs of more than 35,000 Indians across the country every day.