DocsApp, MediBuddy merge, raise around Rs 150 cr in funding - (The Economic Times via NewsPoints Desk)

  • Health-tech startup DocsApp and digital consumer healthcare provider MediBuddy announced their merger to create a comprehensive digital healthcare platform named MediBuddy DocsApp, reported The Economic Times.

  • "This combined entity will offer a comprehensive platform to our customers that delivers on the promise of a digital healthcare future. As first-movers, we are confident that we will establish market leadership and fulfil our mission to provide quality healthcare to every Indian," said MediBuddy DocsApp CEO Satish Kannan.

  • The platforms will continue to focus on enabling healthcare services like online specialist doctor consultations, laboratory tests, preventive health checks and delivery of medicines to customers across India, the statement said.

  • The merged entity has raised $20 million in Series B round of funding led by Bessemer Venture Partners, Fusian Capital, Mitsui Sumitomo & Beyond Next ventures, MediBuddy DocsApp said.

  • The joint entity will utilize the funding in further strengthening its doctor base, patient reach, product and technology to move a step closer to its mission of providing high-quality healthcare to a billion people, it added.

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