During a Series, C funding round led by Quadria Capital and Light rock India, digital healthcare start-up MediBuddy raised $125 million from existing investors Bessemer Venture Partners, India Lifesciences Fund III, Rebright Partners, JAFCO Asia, TEAMFund LP, FinSight Ventures, InnoVen Capital, Stride Ventures, and Alteria Capital.
The company plans to use the new round of capital to increase customer awareness, hire more people, and expand its technology platforms, which include data science capabilities, clinical research, and product development.
MediBuddy offers video conversations with specialists, doorstep medicine delivery, at-home lab tests, mental health support, and other integrated healthcare services to its consumers 24 hours a day, seven days a week.
According to an official statement, the platform has successfully served the healthcare needs of over 3 crore Indians by leveraging its unrivaled pan-India network of 90,000 doctors, 7,000 hospitals, 3,000 diagnostic centers, and 2,500 pharmacies, which cover over 96% of PIN codes across the country.
MediBuddy’s co-founder and CEO, Satish Kannan, stated that the company’s mission from the start has been to make high-quality healthcare accessible to a billion people in the country.