WonDRx Raises Seed Funding To Digitise Medical Prescriptions

SUMMARY

Healthtech startup WonDRx claims to track a patient’s journey from interaction to completion of transaction

Through its digital pen-and-paper, prescriptions are shared instantly with hospitals and patients

The company has dedicated apps for doctors, patients and healthcare providers

Mumbai-based healthtech startup WonDRx announced that it has raised an undisclosed fund seed funding from Venture Catalysts.

Founded by Pankaj Sindhu, WonDRx works towards digitising medical prescriptions. Additionally, the startup provides an audio recording of important dosages and other critical verbal instructions given by the doctor to ensure that patients receive the right treatment and avoid the confusion from the infamous doctor’s scrawl.

With the funds, WonDRx plans to bring AI-based healthcare solutions for all stakeholders in the chain — patients, doctors and healthcare providers. It also aims to fully optimise its processes with new-age technology to track the journey from the first doctor-patient interaction to the last step i.e. transaction.

Additionally, WonDRx also provides patients with educational videos for the health issues that they are suffering from, along with the digital copy of prescription. Moreover, it also connects various healthcare service providers with patients for follow-ups and further treatments.

The startup’s services are offered through three applications — WonDRx Doctor app, WonDRx Consumer app for patients and WonDRx Provider app for any healthcare provider.

Besides these apps, the startup provides doctors with a WonDRx digital pen and a smart paper which instantly generates and issues a digital copy to the doctor, patient, and other stakeholders, after taking the consent of the patient.

The company claims that its vision is to bridge the demand and supply gap between patients and healthcare providers through a data-driven approach and by facilitating quick and seamless information exchange in the healthcare domain.

In India, healthtech startups have been witnessing an influx of funding recently. According to DataLabs by Inc42, healthtech startups, in India, have raised $1.9 Bn across 405 deals between 2014-H1 2019.

While Indian Angel Network (IAN) invested in Hyderabad-based healthtech startup PlusPin, NestaVera Group of companies pumped funds into Bengaluru-based healthtech startup ProPhysio.

Gurugram-based healthtech startup Meddo, in September 2019, has also raised $3 Mn in Pre-Series A funding round led by SRI Capital.