Healthtech startup HealthPlix based out in Banaglore has raised $3 Mn in a Series A round from the IDG Ventures and the Kalaari Capital. It was founded in the year 2014 by Mr. Raghuraj Sunder Raju, Mr. Sandeep Gudibanda, and Mr. Prasad Basavaraj. HealthPlix aims to transform the way diseases are treated in outpatient care in India, secured funding from venture capital firms IDG Ventures India and Kalaari Capital.
The Start-up runs an artificial intelligence-based medical records platform assisting doctors to enhance patient care. It is a full-stack SaaS based EMR (Electronic Medical Records) platform which automates the entire workflow in the clinic/hospitals ranging from lab, billing and e-prescriptions, etc. The software also helps doctors to provide prescription in more than 18 languages.
Raghuraj Sunder Raju, co-founder of HealthPlix was quoted as saying, “In India, 90% of care is delivered in an outpatient setting i.e. 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.”
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Sandeep Gudibanda, co-founder and CEO of HealthPlix, that the company would use the fresh funds to strengthen its technology and expands its medical specialities. Prior to this, HealthPlix had raised $23.84K (INR 1.6 Cr) in two phases in an angel round from two senior executives of global corporations and a Bengaluru-based HNI. It planned to use the funds to strengthen its technology and product.
HealthPlix claims to cater to people across the 20 states and 130 cities in India spanning specialties such as endocrinology, diabetology, cardiology, nephrology, oncology, and internal medicine. At present, the company has established a strong presence in North, South and Western regions of India. The east has also started showing promising results from the previous two quarters.
“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,” said Mandar Dandekar, principal at Kalaari Capital in a statement.
“We plan to strengthen our AI technology and build the clinical decision support (CDS) system further. We also plan to expand to other medical specialties including gynaecology and neurology ” said Gudibanda. HealthPlix, which is present across 150 cities, claims to have 2.2 lakh unique patients every month.
While it currently focuses on out-patient clinics, small hospitals (100 patient beds) and OPDs, it is planning to integrate with bigger hospital services. The tech-based chronic disease industry is around $1 billion currently and is expected to grow at a compounded annual growth rate of 21 percent, according to Gudibanda. Founded in 2015 by Gudibanda, Raghuraj Sunder Raju, and Prasad Basavaraj, Bengaluru-based HealthPlix has 42 employees and aims to grow to 200 employees in the next 18 months.
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