Techjockey News

HealthPlix Technologies, India’s leading electronic medical record (EMR) software, said that it has raised $22 million (around ₹181 crores) in its recent series C funding round. It was led by venture capital firms SIG Venture Capital and Avataar Venture Partners and is divided into $2 million (approx ₹16.45 crore) in debt and $20 million (around ₹ 165 crores) in equity. Companiy’s current investors, JSW Ventures, Chratae Ventures and Lightspeed Venture Partners also participated in the funding round.

Although it was Avataar Venture Partner’s very first investment in the healthcare space, it is overall their second investment in the health tech sector, the first one was InsuranceDekho. “HealthPlix’s unique approach of helping doctors in creating a detailed medical profile of patients is extremely helpful for the treatment of chronic diseases. It also provides them with collective intelligence that helps in understanding different characteristics of diseases, and treatment procedures used for different patients”.

“HealthPlix is looking to use 80% of the fresh funding to increase their doctor base and invest more amount in the product, engineering teams and sales. It’ll also utilize the investment to support clinical decisions, which will help doctors in the much better treatment of patients. Furthermore, it wants to explore a couple of new strategies for disrupting the insurance domain and the payer”, Sandeep Gudubanda, CEO and co-founder said in a statement.

HealPlix aims to serve more than 25,000 doctors by the end of the year 2024 and around 50,000 doctors by 2025 for treating almost 15% population in India.