InvestorQ : What is DocsApp all about and why has it raised $20 million in funding?
Moii Chavate made post

What is DocsApp all about and why has it raised $20 million in funding?

Answer
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Sam Eswaran answered.
3 months ago


DocsApp is an online doctor consultation provider which has become the new norm in the light of the COVID-19 related lockdown. It recently raised $20 million in Series-B funding from VC investors in the US and Japan including some marquee names like Bessemer Ventures, Fusion Capital, Beyond Next Ventures, Mitsui Sumitomo etc. The DocsApp wants to use the funding to strengthen the doctor base and expand patient reach. The start-up was floated by two IIT graduates; Kannan and Enbasekar Dinadayalane. They will maintain controlling stake post funding. It is currently in the midst of a merger with MediBuddy and once the merger is completed, the combined entity will cater to 3 crore patients with 90,000 registered doctors, 7000 hospitals, 3000 labs and 2500 pharmacies interacting on the platform. DocsApp has been one of major big beneficiaries of COVID-19 which gave a boost to online doctor consulting.