According to an official statement, the clutch of investors will have close to 25% stake in LetsMD, post-investment.
The funding will be used to develop its technology. It will also be used to expand the team and marketing.
Launched in 2015 by Nivesh Khandelwal, LetsMD is an online platform that allows users to discover and compare the costs and offerings of various medical procedures offered by healthcare networks and hospitals.
Nivesh Khandelwal, founder, LestMD said, “LetsMD will enable accessibility and affordability of tertiary level healthcare in India. We believe CAN, with its large and diverse network of investors, will play key role in enabling relationship acquisition for LetsMD.
As per an official statement, it has partnered with 300 hospitals and single-speciality chains in Delhi NCR.