The Indian Wire » Startups » DocsApp to soon close ₹236 crore funding round from Bessemer Venture Partners
Startups

DocsApp to soon close ₹236 crore funding round from Bessemer Venture Partners

DocsApp Team
DocsApp is finalizing a deal to raise around ₹236 crore ($36 million) in a new Series A funding round from Bessemer Venture Partners.

Health technology startup DocsApp is close to raising around ₹236 crore ($36 million) in a new Series A funding round from Bessemer Venture Partners.

The new funding round will enable the startup to expand its roster of services and get more visibility in the Indian market. As per the people aware of the matter, the round is expected to close within two weeks.

Founded by IIT-Madras alumni Satish Kannan and Enbasekar D, DocsApp is an online doctor consultation app that connects doctors to the patients in real time.

DocsApp promises to deliver a doctor within half an hour. The company has a mobile-only platform which enables interactions with doctors for nearly 1,600 people every day.

The application provides a chat based platform for patients to have conversations chat or call with medical service providers, and share diagnostic documents for consultation.

The Bengaluru-based startup was incubated in IIT Madras. It claims to have solved the issue of reaching out to the unbanked segments in the country through partnerships with telecom service providers. As per the company’s founder, it has tie-ups with all major telecom providers in the country.

In April last year, DocsApp had received $1.2 million funding led by Rebright Partners, a Japan-based VC firm. Angel investors Venky Harinarayan and Anand Rajaraman had also participated in the round.

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