HealthPlix Technologies Pvt Ltd, which operates an AI-based medical records platform, has marked the final close of its Series C funding round at $22 million (approx. Rs. 181 crore).
The company declined to disclose valuation details. However, according to data intelligence platform Traxcn, the company was valued at $33.9 million as of April 2021 after the company raised $13.5 million as part of its Series B funding round.
The Bengaluru-based startup will use the fresh proceeds to expand its product portfolio, technology and acquisition strategies.
Founded in 2014 by Sandeep Gudibanda, HealthPlix enables doctors to interact with patients, hospitals, diagnostic laboratories, pharmaceutical/equipment manufacturers and insurers.
The startup currently empowers over 10,000 doctors and advances national health missions, including the Ayushman Bharat Digital Mission, it claims.
Mohan Kumar, investment advisor at Avataar Venture Partners, said HealthPlix’s approach of using physicians as the focal point and providing value to other stakeholders such as patients, pharmaceutical brands, pharmacies and diagnostic laboratories is unique and differentiating .
“At HealthPlix, our vision is to achieve better health outcomes at the population level. Today, we serve 2.5% of the entire Indian population. With these new funds, we aim to cover another 200-250 million patient lives within 18 months,” said Gudibanda.
It faces WonDRx, MedTrail and Doxper among others.
Other medical technology projects have attracted the attention of investors in the recent past.