Company Name : DocsApp
Funding Amount : $1.2 million
Investor(s) Anand Rajaraman, Venky Harinarayan, Rebright Partners.
Funding Round : Seed round
DocsApp has now announced a seed investment of $1.2 million in funding by Facebook’s Angel Investors Anand Rajaraman Venky Harinarayan and Japanese Venture Capital firm Rebright Partners.
Founded in 2015 by IIT Madras Alumni, DocsApp is the a mobile medical consultation platform in the country which provides quality consultation for patients with fastest turnaround time of 30mins.
Patients can chat with the doctor and also share pictures and reports of the ailment with the doctors privately. DocsApp aims to utilize the funding to develop and expand their scale of operations, recruit talent and continue breaking barriers through technology in the medical space thereby excelling at user experience.
Satish Kannan, CoFounder & CEO, DocsApp, said, “With close to 200 million smartphone users and with the increasing percentage of mobile network penetration into rural areas, Mobile phones have become the key medium of communication across the country. Taking advantage of this widespread network, our aim is to provide high quality primary healthcare services to people across India through our mobile application. It’s estimated that up to 70% of the commonest health issues people face can be managed online. The patient doesn’t need to travel to have a medical consultation. We want to bridge the gap between patients and doctors through this platform so that people can get expert consultation on demand. We believe that this will also help us take specialised care downstream to more remote areas across the country.”
Within a year, majority of DocsApp users have come from major cities like Bangalore, DelhiNCR, Mumbai, Chennai & Hyderabad.
The app currently supports 9 specialities: Gynaecology, Psychiatry, Dermatology, Paediatrics , Weight Management, Sexology, Gastroenterology, General Medicine and Hair & Scalp care.