MediBuddy gains $125 million in its Series C round

Bengaluru-based digital healthcare platform, MediBuddy, gained $125 million in its Series C funding round led by Quadria Capital and Lightrock India.

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 ₹250 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.

Tags : #MediBuddy #EnbasekarDinadayalane #SatishKannan #QuadriaCapital #LightrockIndia #funding #fundingalert #BengaluruStartup #IndianStartup #healthcarestartup #smitakumar #medicircle

Related Stories

Loading Please wait...

Trending Now

China ropes in more countries for its COVID-19 vaccine trialsSeptember 29, 2020
Antarctica is still free of Covid-19. Can it stay that way?September 29, 2020
Over 200 travellers from India barred from Dubai flight over invalid Covid-19 testsSeptember 29, 2020
Netherland focuses on more stricker rule to comabt COVID-19 September 29, 2020
WHO aims to provide 120 Million rapid Coronavirus tests for poorer statesSeptember 29, 2020
UN chief on 1 Million COVID-19 deathsSeptember 29, 2020
Bahrain reports 585 Covid-19 cases, 777 recoveriesSeptember 28, 2020
Bringing hepatitis C testing and treatment to underserved communities in MadridSeptember 28, 2020
Polish doctor recovers from severe COVID-19 through rehabilitationSeptember 28, 2020
WHO supports rehabilitation of COVID-19 and other patients in UkraineSeptember 28, 2020
WHO work with migrant camps in Greece September 28, 2020
US employers being sued for COVID-19 infection spread September 28, 2020
Global Coronavirus deaths cross 1 Million markSeptember 28, 2020
Highly effective antibodies identified, may lead to passive COVID-19 vaccineSeptember 26, 2020
Europe has a lot of work to do to prevent COVID-19 transmission :WHOSeptember 26, 2020
Two million Coronavirus deaths : WHO September 26, 2020
Johnson & Johnson COVID-19 vaccine produces strong results September 26, 2020
New York to permanently switch to outdoor dining amid pandemicSeptember 26, 2020
WHO gave blessing for Coronavirus vaccine emergency use programme: ChinaSeptember 26, 2020
US surpasses 7 Million Coronavirus casesSeptember 26, 2020