MediBuddy secures Rs 148 crore funding to drive strategic acquisitions, continued expansion

Published On 2023-09-02 09:03 GMT   |   Update On 2023-09-02 09:03 GMT
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Karnataka: MediBuddy, India's digital healthcare platform, secures additional funding of $18 million, reaffirming unwavering support from the existing investors Quadria Capital, Lightrock, and TEAMFund. 

In February 2022, MediBuddy raised an impressive $125 million during the Series C funding.

"The recent additional funding puts MediBuddy in a solid position to navigate the current landscape and achieve its ambitious growth targets over the next three years. A formidable portion of these funds shall be meticulously channelled into strategic acquisitions and fortifying its existing offerings, synergistically harmonising with MediBuddy's visionary trajectory and enabling exponential growth," the release stated.

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Mr. Satish Kannan, Co-Founder and CEO of MediBuddy, said, " Our continued partnership with all our investors has been instrumental in MediBuddy's growth and is helping us solve India's healthcare needs. MediBuddy's growth trajectory has consistently achieved a Compound Annual Growth Rate (CAGR) of 95.5% over the past three years. The additional funds will be critical in driving our strategic acquisition initiatives, further expanding our reach, and enhancing the depth and breadth of our services. At MediBuddy, our constant endeavour has been to make high quality healthcare accessible to a billion people. This move further solidifies our stance as a market leader in the digital healthcare landscape."

This growth has been fuelled by its presence in both Corporate and Retail domains.

Read also: MediBuddy launches Surgery Care, expands Digital Healthcare Services portfolio

The digital healthcare platform has a partner network of 90,000+ doctors across 22+ specialities, 7,100+ hospitals and clinics, 4,000+ diagnostic centres, 2,500+ pharmacies along with a team size of 2200+ members. It offers patients seamless access anytime and anywhere in 10 minutes. It provides healthcare services in 16 Indian languages to enable customer-friendly consultation. MediBuddy offers online and offline doctor consultations, medicine delivery, lab tests at home, mental health consultations, surgery care, among other healthcare services.
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