Healthtech startup Meddo raises $3 mn in seed funding round

Healthtech startup Meddo raises $3 mn in seed funding round
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17 Sep, 2019

Healthtech startup Meddo has raised $3 million in seed funding round led by seed-stage investor SRI Capital with participation from growX Ventures, LetsVenture, Jitendra Gupta (co-founder, Citrus Pay) and Venture Gurukool.

The Gurugram-based startup currently has over 400 doctors and 200 clinics on its platform and is currently operational in Delhi NCR, an official statement said.

The company works with 250 trained clinical staff for in-clinic and at-home sample collection and have served more than 1,50,000 customers so far, the statement added. 

Meddo was founded in June 2018 by Saurabh Kochhar, ex-founder & CEO of Foodpanda and Printvenue and Naveen Nishchal, co-founder, Cygnus Hospitals.

The platform functions in offline and online space through standalone doctor establishments with the central objective of bringing together all healthcare needs for the patients onto a single platform, the statement said.

“Meddo is addressing a fundamental gap in India's healthcare ecosystem by bringing doctor-run clinics on to its platform and standardising service levels to provide patients with an offering they can trust. We are confident in Saurabh and Dr Nishchal's ability to execute and create a healthcare offering that Doctors, patients and healthcare providers love,” said Shweta Singh, principal, SRI Capital in the statement.

“Health is one of the most technologically underpenetrated and sectors in India with its peculiar challenges. We believe Meddo’s unique approach of aggregating standalone establishments using technology to bring in convenience, quality and excellence in the standards of care has great potential to overcome those challenges,” said Manu Rikhye, partner, growX Ventures.