Healthcare startup Meddo has secured $3 million in its pre-Series A funding round led by SRI Capital. The round has also seen participation from growX Ventures, LetsVenture, Citrus Pay Co-Founder Jitendra Gupta and Venture Gurukool, among others.
Incorporated in June 2018, the Gurugram-based Meddo was co-founded by ex-Foodpanda India Chief Executive Saurabh Kochhar and Dr. Naveen Nishchal, Co-Founder of super-specialty hospital chain Cygnus Hospitals.
Saurabh Kochhar, Co-Founder, Meddo, said, “Our vision is to fundamentally change how healthcare is delivered in our country; starting with the largest and most unorganized segment, out-patient care. We have seen unprecedented growth within the last 7 months that we have been operational, and this funding helps us further that growth and invest in the right team and technology.”
Meddo provides both offline and online healthcare services such as doctor appointments and diagnostics tests through a collaboration with standalone doctor-led establishments and accredited testing labs.
Presently, the healthcare startup has on-boarded more than 400 doctors and 200 clinics in Delhi NCR. The platform also has over 250 trained clinical staff for offering in-clinic and home-based test sample collection.
Shweta Singh, Principal, SRI Capital, stated, “Meddo is addressing a fundamental gap in India's healthcare ecosystem by bringing Doctor run clinics on to its platform and standardizing service levels to provide patients with an offering they can trust. We are confident in Saurabh and Dr. Nishchal's ability to execute and create a healthcare offering that Doctors, patients, and healthcare providers love.”
Manu Rikhye, Partner, growX Ventures, added, “Health is one of the most technologically underpenetrated and sectors in India with its peculiar challenges. We believe Meddo’s unique approach of aggregating standalone establishments using technology to bring in convenience, quality and excellence in the standards of care has great potential to overcome those challenges.”
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