Healthcare startup Meddo has raised $3 million in their Pre- Series A funding led by SRI Capital with participation from growX Ventures, LetsVenture, Jitendra Gupta and Venture Gurukool, among others.
The Gurugram based startup has over 400 doctors and 200 clinics and is currently operational in Delhi NCR. The firm works closely with all dominant NABL accredited diagnostic lab partners across the city including 250 trained peri clinical staff for in clinic and at home sample collection and have served more than 1,50,000 customers so far.
Meddo was founded in June 2018 by Saurabh Kochhar (ex-Founder & CEO of Foodpanda and Printvenue) and Dr Naveen Nishchal (co-founder, Cygnus Hospitals). The platform functions in offline and online space – through standalone doctor establishments with the objective of bringing together all healthcare needs for the patients onto a single platform.
Speaking on the funding, Saurabh Kochhar, Co-founder, Meddo said “Our vision is to fundamentally change how healthcare is delivered in our country; starting with the largest and most unorganised segment, out-patient care. We have seen unprecedented growth within the last 7 months that we have been operational, and this funding helps us further that growth and invest in the right team and technology ”
Shweta Singh, Principal, SRI Capital said “Meddo is addressing a fundamental gap in india's healthcare ecosystem by bringing doctor run clinics on to its platform and standardising service levels to provide patients with an offering they can trust. We are confident in Saurabh and Dr. Nishchal's ability to execute and create a healthcare offering that Doctors, patients and healthcare providers love.”
Manu Rikhye, Partner, growX Ventures said “Health is one of the most technologically underpenetrated and sectors in India with its peculiar challenges. We believe Meddo's unique approach of aggregating standalone establishments using technology to bring in convenience, quality and excellence in the standards of care has great potential to overcome those challenges”
