Healthtech startup HealthPlix raises $3 M from IDG Ventures and Kalaari Capital
HealthPlix will use the funds to strengthen its technology and expand its team and services in other geographical markets.
Bengaluru-based healthtech startup HealthPlix raised $3 million from IDG Ventures India and Kalaari Capital in its Series A round.
HealthPlix will use the funds to strengthen its technology and expand its team and services in other geographical markets. The startup, which assists doctors and hospitals digitally through its assistive-AI driven EMR (Electronic Medical Records), was co-founded by Raghuraj Sunder Raju, Sandeep Gudibanda and Prasad Basavaraj in 2014.
In a press release, Sandeep Gudibanda, Co-founder and CEO of HealthPlix, said, “Population level health problems can be better managed if digital tools assist doctors at the time of treating their patients. Our goal at HealthPlix is to drive better health outcomes by enabling widespread adoption of our platform. HealthPlix software is a lot more than just an EMR. Its assistive AI goes four levels deep: it adapts to doctors’ specialty, their practice preference, patient's disease and the stage of the disease.”
He added, “We are happy to have gained valuable support from the leading investors - IDG Ventures India and Kalaari Capital. The fundraise will help us to enhance clinical experiences for patients and doctors and thereby create a platform which will revolutionise the Indian healthcare ecosystem.”
Raghuraj Sunder Raju, Co-founder, HealthPlix, said, “In India, 90 percent of care is delivered in an outpatient setting in clinics and hospital OPDs. That's our target segment. We are trying to empower doctors and hospitals digitally by eliminating the conventional pen and paper prescriptions and shift to new age EMR. Additionally, our focus is to improve patient compliance by helping doctors give prescriptions in the languages patients understand. Today, 60 percent of our prescriptions are vernacular; solving for rural healthcare is imperative when solving for India.”
Mandar Dandekar, Principal, Kalaari Capital said, “India has a very low doctor-to-patient ratio and would need to quadruple the number of doctors in the next 10 years to serve the growing population. Since it is impossible to quadruple, the next best thing is to improve the productivity and efficiency of doctors. The HealthPlix team has been able to leverage their deep domain expertise in their AI-driven EMR, which significantly enhances doctor efficiency leading to better patient health outcomes.”
Venkatesh Peddi, Executive Director, IDG Ventures India, said, “Evidence-based care and prevention of medical errors is a $21 billion market globally and, more importantly, saves millions of lives. HealthPlix's EMR software for hospitals and clinics is driven by assistive-AI led clinical decision support (CDS) system to assist doctors in various diseases and protocols. This can help doctors treat patients better and faster.”