healthcare: HealthPlix lands $13.5 million funding led by Lightspeed


HealthPlix has raised $13.5 million in its ongoing Series B round, led by Lightspeed Venture Partners. Existing investors JSW Ventures, Kalaari Capital and Chiratae Ventures participated in the round.

This brings the total funding raised by the health-tech startup to $17.5 million.

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HealthPlix provides Electronic Medical Record (EMR) software to medical practitioners. It also gives them clinical decision support and generates e-prescriptions.

Over $1.1 billion prescription and diagnostic spends originate on HealthPlix annually, according to the company.

“The government is considering making a patient’s clinical journey easily available to any doctor, not just his/her doctor. HealthPlix is all that already,” Sandeep Gudibanda, co-founder and CEO, told ET.

“We are doubling down our efforts to help doctors provide in-person or remote consultation to their patients using the same digital platform seamlessly,” said Raghuraj Sunder Raju, co-founder, HealthPlix.

“What sets HealthPlix apart is its doctor-first B2B approach. Doctors are the most influential decision-makers in healthcare. We believe whichever platform wins their trust will have the sole right to orchestrate the entire $88 billion of healthcare spend,” said Vaibhav Agrawal, Partner, Lightspeed.

There has been a boom in deal-making activity in the Indian health-tech startup segment, according to EY’s recent report on e-commerce and consumer internet trends.

“The sudden lockdown imposed in the wake of the Covid-19 (outbreak) posed both difficulty and opportunity for India’s healthcare startups,” the report said.

Telemedicine, health and wellness, wearable technology, diagnostics, and e-pharma have witnessed a steep rise in adoption.

“Time for the health-tech space has come. The mindset of the doctor, patient and stakeholders have changed. They believe healthcare can leverage the online platform a lot more,” Gudibanda said.



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