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Digital Consumer Healthcare provider MediBuddy and Health-tech startup DocsApp have announced their merger to create an extensive platform for healthcare called “MediBuddy DocsApp”. Post the merger, the new firm has raised $20 million in its Series B funding round led by Bessemer Venture Partners, Fusian Capital, Mitsui Sumitomo (MSIVC) & Beyond Next ventures. The round also saw contribution from existing investors Milliways Ventures and Rebright Partners.

Satish Kannan, CEO, MediBuddy DocsApp, “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.”

The merged entity will continue to emphasize on enabling healthcare services like online specialist doctor consultations, lab tests, preventive health checks, delivery of medicines among other facilities on its platform. The funds raised by the company will be used to strengthen its doctors base, patient reach, product and technology in order to realize its aim of providing high quality healthcare to a billion people.

Vishal Gupta, MD, Bessemer Venture Partners stated, “As a result of its targeted solutions and exceptional metrics, DocsApp has achieved a leadership position. We are pleased to be a part of this growth journey and believe that the merger with MediBuddy is the boost it requires to provide quality healthcare to all.”

The joint entity has been able to reach out to over 3 crore people in the country, with a network of 90K doctors, 7K hospitals, 3K diagnostic centers and 2.5K pharmacies across the nation. The merger appears to be promising and has the capabilities to bring a change in the digital healthcare ecosystem.


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