Faridabad-based online doctor consultation startup MediMetry has raised an undisclosed amount of seed funding led by US-based hedge fund BlueSky Capital Management, as reported by VCCircle.
Apart from BlueSky, two other undisclosed individual investors have participated in the funding round.
Post investment, Bhavish Sood, managing partner at BlueSky Capital Management, will be joining the board of MediMetry.
The funds raised will be used for sales, marketing, and to boost its diseases management platform.
MediMetry was co-founded by a husband-wife duo Krishan Tyagi, an IIT and IIM alumnus and Dr Bhawana Tyagi in 2014. The healthtech startup aims to make healthcare more digital, accessible and convenient, covering over 10 Domains including, Mental Health, Sexual Health and even traditional domains like Ayurveda and Homeopathy.
The healthtech startup provides an online platform to help its patients connect and consult with doctors instantly through chat, phone, or video. MediMetry is also creating a complete Disease Management System, to help physicians to better help patients in treating patients with chronic diseases.
MediMetry is currently operational across the Delhi NCR region, with 1,500 doctors on board, with expertise in more than 18 areas including paediatrics, gynaecology, psychology, cardiology, oncology, dermatology, sexology, psychiatry, and general medicine.
Talking about the investment, Bhavish Sood, Managing Partner, BlueSky Capital Management, said, “We are investing in MediMetry that is changing the Indian healthcare experience, through its on-demand telemedicine capabilities aided by robust disease management protocols.”
According to an IBEF report, India’s healthcare industry is one of the fastest growing sectors and it is expected to reach $280 billion by 2020. It is much diversified and is full of opportunities in every segment which includes providers, payers and medical technology.
Other players in the Indian healthcare domain leveraging technology to grow in the segment include Docturnal, MyHealthcare, NirogStreet, ElaWoman, Netmeds, 1mg, Doxper, and 3Hcare, among many others.
Last month, healthtech startup PharmEasy raised ₹363 crores in series C round led by Eight Roads Ventures. Another healthtech startup Netmeds raised ₹248 crores in series C funding.