Online Health Startup Qikwell Raises Rs.18 Crore

Qikwell Technologies, which is a healthcare startup, has been successful in raising $3 million (Rs. 18 crore approx) in a Series A funding round. The round was led by SAIF partners, which is a venture capital and private equity firm. This $3 million funding is after the startup had recently raised Rs. 1.2 crore in an angel round from more than half-a-dozen investors. The investors included the likes of Alok Mittal, Amit Somani and Sunil Kalra.  The startup had raised its first angel round in October, 2013.

“This is our first investment in the healthcare startup space,” said Rohit Jain, principal at SAIF Partners.

Qikwell Technologies was founded by Raghavendra Prasad TS and Krishna Prasad C in the year 2011. It runs an e-healthcare website which allows the users to search and choose doctors based on their needs.

Using the e-healthcare site by Qikwell, the users can view availability of doctors’ online, book instant appointments with them, view appointment status from time to time and get alerts incase of any delays in the appointment timings.

The patient relation management startup has been successful in booking more than 1 million appointments so far. The startup also has seen more than 1 lakh patient-doctor engagements per month.

Raghavendra Prasad TS, who is the co-founder and CTO of the startup, has been a computer science engineer in the past and worked with Honeywell Technologies for a long period of 13 years. Prasad has almost a dozen patents to his credit. “We are trying to help the healthcare eco-system in India become more efficient by increasing the number of patients a doctor can see by 15 percent, which is huge for our country that has one of the poorest doctor to patient ratio in the world.”

Krishna Prasad, who is the co-founder and CEO of Qikwell, is an IIT Bombay graduate who has previously worked at IBM Research. He also worked at Yahoo as a senior scientist for almost six years before starting Qikwell.

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