HealthPlix, a startup that runs one of India’s largest EMR platforms, raised $22 million in a Series C funding round led by Avataar Venture Partners and SIG Venture Capital. The round was also participated by its existing investors, including Lightspeed Venture Partners, JSW Ventures, Kalaari Capital, Chiratae Ventures and Blacksoil Capital.
The HealthPlix EMR provides point-of-care AI-powered clinical decision support. It is currently used by over 10,000 doctors who treat 2.5% of India’s population. Since its launch in 2014, HealthPlix has introduced more features to its platform, including Drug-to-Drug Interactions, Mobile EMRAI-powered SmartScan and Doctor Insights dashboard.
WHAT’S THE POINT
In a statement, the company said it would use its new funds to “accelerate Doctor First product innovation, improve the technology stack, and increase user acquisition efforts.” HealthPlix aims to grow its user base to around 25,000 doctors treating 15% of India’s population by 2024.
“With these new funds, we aim to meet the needs of approximately 200-250 million additional patient lives within 18 months,” added CEO and co-founder Sandeep Gudibanda.
MARKET OVERVIEW
Last year, another Indian startup Eka care also raised $15 million in Series A funding, the proceeds of which were intended to support its efforts to reach more physician users. It claims to hold the largest repository of health records in India with over 30 million records and over 5,000 doctors using its EMR solutions.
