Bengaluru-based digital healthcare platform, MediBuddy, gained $125 million in its Series C funding round led by Quadria Capital and Lightrock India. This round also saw participation from existing Bessemer Venture Partners, India Life Sciences Fund III, Rebright Partners, JAFCO Asia, TEAMFund LP, FinSight Ventures, InnoVen Capital, Stride Ventures, and Alteria Capital. The exclusive financial advisor to MediBuddy on this transaction was given by Avendus Capital.
With the funds, MediBuddy plans to hire talent and strengthen its platform. The startup was founded in 2000 by Enbasekar Dinadayalane and Satish Kannan. MediBuddy is a digital healthcare platform for an inpatient hospitalization, outpatient services and corporate wellness benefits. It provides its customers access to numerous healthcare services like virtual doctor consultations, lab tests and medicine delivery to their doorsteps.
Last year, the venture had raised $40 million in its Series B round led by InvAscent. They have so far raised $192.1 million in 6 rounds of funding. They had raised â‚¹250 million each in 2 Debt Financing rounds led by InnoVen Capital and Stride Ventures. The venture has catered to over 700 corporates and their 50+ lakh employees including family members. With their MediBuddy Gold, a healthcare subscription plan, they help the user and their family gain access to specialist doctors.