Medical SaaS startup HealthPlix scoops $6 mn from JSW Ventures, others

Medical SaaS startup HealthPlix scoops $6 mn from JSW Ventures, others
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8 Jun, 2020

Bengaluru-based HealthPlix Technologies, which runs an artificial intelligence-based medical records platform, has raised $6 million in a Series B funding round led by new investor JSW Ventures, the venture capital arm of Sajjan Jindal‎-led JSW Group.

Returning investors Chiratae Ventures and Kalaari Capital were other participants in the funding round, according to a statement on Monday.

The startup will use the funds to onboard one lakh doctors and to build its capabilities to help Covid-19 treatment assessment, co-founder and CEO Sandeep Gudibanda told TechCircle.

The healthtech platform offers software-as-a-service to prepare charts, medical advice, log and communication with doctors, electronic medical prescription, laboratory, billing, and pharmacy advice, among other functions to digitally document clinical data.

Founded in 2016 by Gudibanda, Raghuraj Sunder Raju, and Prasad Basavaraj, HealthPlix claims to have offered its software services to over 5,000 doctors for the digitisation of clinical records.  It has assisted over 50,000 consultations on a daily basis across 12 medical specialties, in over 180 Indian cities through its services.

Additionally, during the Covid-19 pandemic, HealthPlix also provided telemedicine facilities to over 15,000 doctors, it said.

With the current infusion, the company has raised a total of $9.46 million, according to VCCEdge data on previous investments. The company had last raised $3 million in Series A investment stage, two years ago.

An early-stage tech-focused venture capital fund, JSW Ventures, in January had said that it would achieve the first close of its second fund in February at about $20 million. The fund’s target corpus is $50 million.