Bengaluru-based healthcare startup, DocsApp, which provides users with on-demand connections to trusted healthcare professionals has completed its Series A funding round. Founded in 2015, the startup allows patients to reach doctors of various specialities including gynaecology, psychiatry, dermatology, cardiology, oncology, among others. Users can use a mobile app to connect with the specialists via chat or phone calls.
“We believe that the new round of funding will help us take specialised care downstream to more remote and underpenetrated areas across the country,” Satish Kannan, CEO of DocsApp said in a statement.
According to Kannan, the company aims to provide customers with access to expert advice and tailored consultations as needed, making medical professionals more accessible to users.
DocsApp, founded by Kannan and Enbasekar Dinadayalane, has received $7.2 million in this latest funding round. Investors include Bessemer Venture Partners (BVP) and Japanese investors TechMatrix Corporation, DeNA networks and venture capital firm Rebright Partners as well as existing Facebook angel investors Anand Rajaraman and Venky Harinarayan.
The startup has raised a total of $8.4 million since its founding in 2015 and has goals of providing 100 million users with access to professionals in the next five years through the country and South East Asia.
Kannan said 40 percent of the platforms user base consists of patients in rural areas of India. “We serve over 50,000 patients every month, by the coming year we aim to serve over 3,00,000 patients in a month and our overall vision is to make DocsApp synonymous with a trusted platform to get authentic medical advice easily over the mobile for patients,” Kannan said. Funds raised in the Series A round will be allocated for technology development, hiring and business growth.
(Picture courtesy: DocsApp)