Meddo, a healthtech platform, has announced that it has closed pre-Series A round at $6 million led by SRI Capital, Picus Capital, and Alkemi Capital. Founded in 2018 by Saurabh Kochhar and Naveen Nischal, Meddo also provides supply chain solutions that include diagnostics support and medicine delivery services.
Kochhar is the former CEO and founder of food delivery company Foodpanda as well as Printvenue, while Nishchal is a co-founder of Cygnus Hospitals.
Saurabh Kochhar informed, “With the pre-series A round concluding, we are drawing up plans to utilise these funds effectively. Our focus will be on the following – a) Increasing presence and national footprint – both with more clinics in the NCR region and expansion to other cities; b) Organic and inorganic expansion by investing in technology solutions that integrate seamlessly with the Meddo offering and strengthen the ecosystem; c) Investing in big-data that would give us access to trends in the healthcare industry at a micro and macro level so we may customise our offerings as per patient needs; and d) As continuing to double down on patient offerings under Meddo Sure to achieve the vision of complete healthcare cover for patients, and going the extra mile to offer affordable plans that cover all expenses from primary health care (OPD) to hospitalisation (IPD).”
Alka Goel, Founding Partner at Alkemi Growth Capital, continued, “We often fail to acknowledge and appreciate the humongous role played by independent clinics (200-300K) in the overall healthcare delivery. Meddo is partnering with clinics on aspects such as technology and operations to make the patient and physician experience more seamless. In the process it is increasing the asset utilization of these clinics – a win-win for all stakeholders involved. Today, more than ever, the need is apparent – and Meddo is helping organize this fragmented market. We are excited about being partners with Meddo in this journey.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.