Venture Catalysts backs healthtech company WonDRx

Venture Catalysts backs healthtech company WonDRx
29 Nov, 2019

Prescription digitisation company WonDRx has raised an undisclosed amount in a seed round from Venture Catalysts and NB Ventures.

The Mumbai headquartered company provides doctors with a digital pen and Smart Rx paper, handing out a digital copy of the prescription to patient, doctor and healthcare providers such as pharmacies, dietician, diagnostics labs and others with patient consent.

The company provides three integrated apps for doctor, consumer and healthcare provider. Apart from digitizing prescription and maintaining digital records of tests, the app also helps in setting appointments and provides reminders. The app monetises healthcare providers by charging them a partnering fee, providing them leads and charges them per lead served.

The company was founded by serial entrepreneur Pankaj Sindhu who was the founder of disease management platform Health Impetus which was acquired by Healthcare At Home in 2016.

“We have also recently focused our attention to start-ups emerging within the health-tech space, considering the immense prospects of the domain. The market is still untapped and considering WonDRx’s stellar offering, I believe they can be the leaders in this space within a very short time,” said Dr Apoorv Ranjan Sharma, founder at Venture Catalysts in a statement.

The health-tech sector has seen a renewed interest from early stage investors. Doctor patient engagement app MEngage raised $100,000 in an angel round in October In August mobile based healthcare services platform Phable raised $150,000 from US based venture capital firm SOSV for its medical care framework for chronic disease management In October, Oslo headquartered healthtech company Oivi AS which focuses on developing products for diabetic retinopathy raised $500,000 from Arali Ventures and other investors.