Home Funding Policybazaar invests $50 Million (about 362 crores) into healthtech venture DocPrime

Policybazaar invests $50 Million (about 362 crores) into healthtech venture DocPrime

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Policybazaar invests $50 Million (about 362 crores) into healthtech venture DocPrime 1

After receiving $236 million series F round led through SoftBank, Policybazaar were given the coveted popularity of Unicorn and announced to foray into healthtech undertaking with the launch of cell app DocPrime, a marketplace for medical doctors connecting with patients.

Now the internet coverage aggregator enterprise has infused $50 million into the healthcare challenge. The preliminary capital may be utilized by DocPrime to enhance UI/UX of the app with the deployment of the modern-day day generation like AI, records technological know-how and deep analytics.

In an earlier interaction with media, Yashish Dahiya, co-founder and chief govt at Policybazaar had discovered that the organization would invest $100 million within the new undertaking over the following years.

DocPrime, which currently connects patients with docs in real time, had appointed earlier CTO of Policybazaar Ashish Gupta as the chief executive Officer(CEO) and roped in Richit Ummat because the chief working Officer (COO) of the brand new challenge.

The platform has tied up with 14,000 docs and 50,000 diagnostic labs. It further objectives to increase its network to 100 and 50,000 medical doctors and 20,000 labs during over 100 towns.

except presenting loose consultation on chat and get in touch with, it additionally enables the reserving of health practitioner appointments and lab exams.

As a ways as monetising the platform, DocPrime plans to offer paid offerings in the form of OPD subscription applications that lets in you to supply sufferers endless consultations and tests.

looking forward to a decent growth in future, DocPrime is focused on 1 million free medical consultations via March 2019 and as a whole lot as five million with the resource of March 2020.

DocPrime want to be eyeing the success of each other Softbank-funded enterprise enterprise Ping An good doctor, an online-to-offline (O2O) healthcare servicing platform primarily based out of Shenzhen, China. Like Ping An, PolicyBazaar targets for a bigger opportunity within the fitness-insuring segment.

In India, DocPrime will compete with Practo, Netmeds, 1mg, and others.

The improvement changed through TOI.