Online healthcare service provider Docttocare raises $600K in seed round

Docttocare, a Bengaluru-based online platform for accessing healthcare services, has raised $600,000 (around Rs 4 crore) in its seed round of funding from Krishnakumar Devnally, director at enterprise tech firm mPower solutions.

In a statement, the startup said it will use the funds for product development, brand awareness and marketing.

“We look to invest in startups addressing huge market with advancing technologies…...Our ultimate goal is solving healthcare issues faced within the country,” said Devnally.

Australia-based mPower is an Oracle cloud-based product that caters to enterprise performance management and business intelligence. In March last year, it was acquired by IT services major DXC Technology.

Doctto Online Healthcare Innovation Pvt. Ltd, which operates Docttocare, was founded in 2016 by Sugandha Agarwal. The startup operates an online platform that helps users book appointments with doctors and hospitals and get access to diagnostic services.

Docttocare claims to have processed more than 50,000 appointments since inception and is looking to hit 20 lakh appointments by December 2020. The startup has tie-ups with hospitals such as Manipal Hospital, Apollo Hospital, ARTEMIS and BLK Hospital.

“In our country, quality healthcare is restricted to people dwelling at large/metro cities, be it the availability of doctors, presence of state-of-the-art equipment or high-quality nursing support,” said Agarwal, who is also the CEO of Docttocare.

A graduate in electronics, electrical and communications engineering, Agarwal was previously associated with the Google Maps division of Alphabet Inc as a business analyst, according to her Linkedin profile.  In her earlier professional stints, she has also worked at Oracle and Infosys.

Recent deals in online healthcare services segment

• May 2019: Bengaluru-based DocsApp raised Rs 12 crore ($1.7 million at current exchange rate) as debt capital from venture debt firm InnoVen Capital.
• May 2019: Gurugram-based omnichannel health products store HealthKart raised $25 million (Rs 175 crore) in a fresh round of funding from Belgium-based investment group Sofina SA.
• April 2019: Bengaluru-based Mfine, an online platform that allows users to connect with doctors, raised $17.2 million (around Rs 120 crore then) in a Series B round.