Telehealth App HealthPlix Raises $6 Million

HealthPlix, an AI-enabled electronic health records-integrated teleconsultation app, raised $6 million in Series B funding.

The app enables patients to have a teleconsultation with a qualified specialist. The company claims its app facilitates over 50,000 teleconsultations daily across 12 medical specialties in more than 180 cities across India.

In recent months, telemedicine providers have witnessed a multi-fold growth due to the pandemic. With patients unable to physically visit doctors and clinics during the pandemic, the company says it has onboarded an additional 15,000 doctors to its platform to offer video consultations. The company is also exploring collaborations with state governments to bring COVID-19 disease information on a single platform and assess various treatment outcomes.

JSW Ventures, an early-stage, tech-focused venture capital firm based in Mumbai, led the financing round.

Gaurav Sachdeva, Managing Partner, JSW Ventures, said,” We are excited to partner with HealthPlix to build the de-facto technology platform for doctors in India as well as to realize the vision of using medical insights to improve health outcomes. HealthPlix is uniquely positioned to take advantage of strong tailwinds that the Indian healthcare industry is experiencing in terms of increased medical information capture, interoperability, and automation.”

The company’s existing investors – Chiratae Ventures and Kalaari Capital, also participated in the financing round.

Founded in 2016, HealthPlix has raised over $10 million to date.

Raghuraj Sunder Raju, Co-Founder, HealthPlix, said, “With technology taking center stage in healthcare, we are doubling down our efforts to help doctors provide in-person or remote consultation to their patients using the same digital platform seamlessly. Doctors using HealthPlix save time and get a unified view of their patient’s disease journey, which aids their treatment decisions. These benefits have made HealthPlix the trusted choice among doctors.”

Telehealth providers attracted over 100 investors in Q1 2020. Among telehealth investors, High-Tech Gründerfonds, Lerer Hippeau, UnityPoint Health Ventures, Creandum, and Optum Ventures, led financing activity during the quarter, with multiple investments.

Recently, Amwell (formerly American Well), a telehealth company, raised $194 million in Series C funding from Allianz X, the investment arm of German insurance company Allianz and drugmaker Takeda.

Image Credit: Amwell