Telemedicine platform oriented startup Doctor Insta has raised $500 K in pre series A funding from angel investor Rishi Parti and US-based VC firm, BrahmaX Ventures.
The startup will use the raised funds for research and deployment of the product. It also plans to raise more funds, close to $1-$2 Mn, in order to expand the team, conduct marketing and promotional activities.
Amit Munjal, co-founder & CEO of Doctor Insta said, “The funds raised have been invested in the research and deployment of the product and with the next round of funding we will be expanding our team, conducting marketing and promotion activities and bringing in new innovative dimensions to our product to offer seamless healthcare service. I really hope that by providing instant healthcare access, we can increase average Indian’s life span by 10 years and productivity of the nation by 15-20 per cent.”
Gurgaon-based Doctor Insta started its operations in 2015 as a “Video-Medicine” platform that provides online consultation in general medicine, pediatrics, psychology and nutrition. The startup aims to bridge the consultation gap between doctors and patients, through a digital channel. Through the video, the users can be audio-visually connected to the specialists and get treatment advice specialties within 15-30 minutes.
This Is What Video Visit Means:
Doctor Insta claims that it has a rigorous selection process for the doctors, which are selected to connect with the users on platform. These doctors are acclaimed to be educated and trained at the finest medical colleges & hospitals in the country, and are highly rated by peers and patients alike.
According to Munjal, India is a huge potential market for healthcare industry with a size of about $126 Bn and the total addressable market is $25 Bn. He said that with Doctor Insta, the company is looking at opportunity to sow seeds of telemedicine in India.
With digitisation upscaling the market, various healthcare platforms are offering app-based healthcare to masses. The domain is shoved with players like Practo, Medikoe, Cure, DocPlexus, Pluss, MeraDoctor, Portea and many more. All these players are working in different verticals of health tech. However, Doctor Insta is differentiated through its video medicine platform.
Rishi Parti, founder and managing director of Info-X and investor in Doctor Insta said that the company offers innovative platform which is driven by user-friendly technology and is bound to fill the wide gap in the healthcare for over one billion Indians.
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