Mumbai-based DocTalk, a messaging app for doctors and patients, has raised $5 Mn funding in a round led by Silicon Valley-based VC firm Khosla Ventures and Matrix Partners India. This marks the healthtech startup’s first institutional round of funding.
The round also saw the participation of Altair Capital, Liquid2 Ventures, YC Partner Paul Buchheit and Vy Capital, among others.
According to sources, the healthtech startup will be utilising the financing to expand the network of hospital chains on its platform. The investment from Khosla Ventures, Matrix Partners India and others will also enable DocTalk to hire a new team.
Commenting on the development, DocTalk founder and CEO Akshat Goenka said, “We are looking to hire across departments such as sales, operations and technology as we plan to expand into new cities. We also have to develop a deeper presence in our existing markets.”
Established in 2004 by Vinod Khosla, VC firm Khosla Ventures backs early-stage startups in the Internet, computing, mobile, silicon technology, biotechnology, healthcare and clean technology sectors. Its portfolio includes Academia.edu, Alveo Energy, Internet advertising platform AppNexus and BigSwitch, among others.
Matrix Partners India is a PE investment firm that focusses on early stage startups in diverse sectors such as software, communications, semiconductors, data storage and wireless Internet. Earlier in August 2017, the Indian arm of Matrix Partners revealed its plans to increase its investments in Delhi-based startups in order to expand its consumer Internet portfolio as well as serve what it believes is an underserved market by investors. Currently, its portfolio of investee companies includes Bengaluru-based Practo, Quikr, Ola, Razorpay, Loadshare, Delhi-headquartered Treebo and OfBusiness.