Mumbai-based healthtech platform Doxper raises $1.1M pre-Series A fundingSindhu Kashyaap
Doxper, which allows clinicians to instantly digitise case sheets using a smart pen and encoded paper, will use the funds to expand its sales presence and increase R&D spend for new products.
Digital healthtech platform Doxper has raised $1.1 million in pre-Series A funding led by existing investor Vidal Healthcare. The total funding raised by the Mumbai-based startup now stands at $1.9 million; the new round of funds will primarily be used as growth capital.
The funding will help Doxper expand its geographical presence and increase its R&D spends for new products in analytics, and patient engagement. Doxper is also piloting in different geographies like Nigeria and Bangladesh, and is also actively working with partners in the Middle East, Southeast Asia, Brazil, and South Africa, to start operations early next year.
Speaking of the fund raise, Shailesh Prithani, Co-founder and CEO, said a relatively quick follow-on funding round from existing investors is a vote of confidence. He added that Doxper is solving a universal and a fundamental problem.
Shailesh says healthcare for an individual often spans multiple decades and historical records will always be vital for quality care. The sooner healthcare records are digitised in the patient journey, the greater the potential for a seamless ecosystem between providers, payers, patients, and policymakers.
“India has the potential to leapfrog the EMR troubles of the West, and we are on our way to being the product of choice for clinicians to digitise their practices and improve patient outcomes in the process,” he says.
Founded in 2015 by Shailesh, Randeep Singh and Pawan Jain, Doxper focusses on allowing clinicians to to digitise their case sheets using a smart digital pen and encoded paper without the need to change their behaviour.
Clinical data capture
Doxper aims to address the bottleneck of clinical data capture. The platform fits into existing workflows, and its proprietary algorithms, presently in beta and under continuous advancements, convert handwriting into typed text to open up new patient engagement, analytics, and workflow efficiency opportunities across the healthcare ecosystem.
Electronic medical record systems (EMRs) are disliked worldwide by the doctor community as they significantly lengthen consultation times and impede the doctor-patient relationship.
The team claims to serve over 800 independent doctors and clinicians across five cities. The company has also signed up three of the country’s largest corporate hospitals in Mumbai and Delhi, and one large pan-India super-specialty chain for complete OPD digitisation.
Apart from record keeping of prescriptions and case sheets for general compliance, Doxper helps with patient engagement and improving system efficiency in pharmacy dispensing and will drive the next level growth for these institutions.
“We are very excited to partner with and support Doxper in its journey. Globally, OPD contributes significantly more than IPD to insurance. Cashless OPD insurance is set to grow in India and Doxper will play a significant part in promoting this growth.” said Girish Rao, Chairman and MD of Vidal Healthcare Services, whose wholly owned subsidiary is one of the country’s largest TPAs.
Currently, Doxper is building a real-time and cashless OPD network. The other areas of application and impact the team is looking at include public health (screening, disease registries, disease trends, healthcare supply chain and policy), pharma (real world evidence and CROs), and home healthcare (geriatric care, sample pickups, allied healthcare services).