HealthPlix, a Bengaluru based healthtech firm that assists doctors digitally, has raised $3 Million from IDG Ventures India and Kalaari Capital in its Series A round. It was co-founded by Raghuraj Sunder Raju, Sandeep Gudibanda and Prasad Basavaraj.
HealthPlix will utilise the funds to further strengthen its technology to assist doctors better and expand its team and services in other geographical markets. It is a first of its kind healthcare technology that brings transformative change in the way diseases are treated in the Indian outpatient care.
While making the announcement, Sandeep Gudibanda, Co-Founder & CEO of HealthPlix said, “Population level health problems can be better managed if digital tools assist doctors at the time of treating their patients. Our goal at HealthPlix is to drive better Health Outcomes by enabling widespread adoption of our platform.
HealthPlix software is lot more than just an EMR. Its assistive-AI goes 4 levels deep: It adapts to doctors’ specialty, their practice preference, patient’s disease and the stage of the disease.”
“We are happy to have gained valuable support from the leading investors – IDG Ventures India and Kalaari Capital. The fundraise will help us to enhance clinical experiences for patients & doctors and thereby create a platform which will revolutionize the Indian healthcare ecosystem.” Sandeep Gudibanda added.
Raghuraj Sunder Raju, Co-Founder, HealthPlix said, “In India, 90% of care is delivered in an outpatient setting i.e. clinics and hospital OPDs. That’s our target segment. We are trying to empower doctors and hospitals digitally by eliminating the conventional pen & paper prescriptions and shift to new age EMR.
Additionally, our focus is to improve patient compliance by helping doctors give prescriptions in the languages patients understand. Today, 60% of our prescriptions is vernacular; solving for rural healthcare is imperative when solving for India. Goal is to drive India Healthy!”
Affirming the investments, Mandar Dandekar, Principal, Kalaari Capital said, “India has a very low doctor to patient ratio and would need to quadruple the number of doctors in the next 10 years to serve the growing population. Since it is impossible to quadruple, the next best thing is to improve the productivity and efficiency of doctors. HealthPlix team has been able to leverage their deep domain expertise in their AI driven EMR which significantly enhances doctor efficiency leading to better patient health outcomes.”
Venkatesh Peddi, Executive Director, IDG Ventures India said, “Evidence based care & Prevention of Medical Errors is a $21 Billion market globally and more importantly saves millions of lives! HealthPlix’s Electronic Medical Records (EMR) software for Hospitals and Clinics is driven by assistive-AI led Clinical Decision Support (CDS) system to assist doctors on various diseases and protocols. This can help doctors treat patients better and faster! It truly empowers the doctors in real time.”
HealthPlix is a healthtech platform that helps doctors increase their efficiency and productivity by digitally assisting them in their Clinics and Hospital OPDs. Further, the software allows the doctors to give prescriptions in more than 18 languages which significantly helps in attaining better patient compliance to treatment.
More than 1.2 million unique patients are treated by doctors in 150 cities across 20 states using HealthPlix EMR. Uniquely for HealthPlix, 60% of their user base is in tier 2, tier 3 towns and beyond.
[Top Image – HealthPlix Founders [L-to-R ] Prasad Basavaraj, Sandeep Gudibanda and Raghuraj Sunderraju.
Recent Activity in Health Tech Segment
Earlier this month, NetApp Inc., a Fortune 500 American multinational storage and data management company, announced that it is launching a new programme that will enable product-ready startups, particularly for those focusing on fintech and healthtech, to work with it on an ongoing basis.
In June, New Delhi-based healthcare technology startup Navia Life Care Pvt. has raised $100,000 in a a bridge round of funding from existing investor Benori Ventures, a Gurgaon-based Venture Capital & Private Equity firm led by research major Evalueserve’s former chief operating officer Ashish Gupta.
In May, India urged the Asian Development Bank (ADB) to invest in health and fintech startups in the country, to help improve the quality of life in Asia while sharpening focus on infrastructure lending by ensuring loan disbursals within a year of request.
Prior to that, Mumbai-based i3systems, a healthcare machine learning product company raised $1 million from Unitus Ventures, a marquee impact investment firm.