Digital medical consultation platform DocsApp has planned for fundraising of Rs 36 crore from Bessemer Venture Partners to expand its roster of services and increase its visibility in the Indian market.
DocsApp was started by IIT-Madras alumni Satish Kannan and Enbasekar D. The firm promises to deliver a doctor within a short period of time (60 minutes). Its mobile-only platform enables interactions with doctors for nearly 1,600 people every day. It also offers WhatsApp like a platform to its customers to chat and call with medical service providers. Through this app, customers can also book lab tests and other medicines.
DocsApp Raises Rs 8 crore through Rebright Partners
Last year, the company has raised a total sum of Rs 8 crore from Japanese venture capital firm Rebright Partners and its founding partner Takeshi Ebihara. Angel investors in Facebook Venky Harinarayan and Anand Rajaraman had also participated in the fundraiser.
Partnering with Telecom Service Providers
DocsApp has partnered with telecom service providers through an OTP-based authentication system to solve the issue of reaching out to unbanked segments in the country. Patients just need to top-up their own phone balances which would be deducted by the telecom company and passed on to DocsApp.