Healthtech startup Meddo has closed pre-Series A round at $6 million led by SRI Capital, Picus Capital, and Alkemi Capital.
Meddo equips OPD clinics with technology-enabled digital solutions to turn them into full-service medical centers complete with ERM systems, diagnostic support, medicine delivery services/support, and much more. Launched in 2018 by Saurabh Kochhar, ex CEO at Foodpanda, and Dr Naveen Nishchal, a serial entrepreneur and Co-founder of Cygnus Hospitals, the Meddo model reverse integrates independent OPD clinics into the brand’s fold.
With a vision to organize the highly unorganized ambulatory services sector in India, the company claims to be an omnichannel healthcare player offering ‘patient-oriented Care’ in the true sense.
In the last few months, the startup launched relevant solutions like L1 COVID centers, teleconsultation services, diagnostic solutions, and a useful and cost-effective healthcare membership called MeddoSure.
“Our focus will be to increase presence and national footprint – both with more clinics in the NCR region and expansion to other cities, organic and inorganic expansion by investing in technology solutions, investing in big-data that would give us access to trends in the healthcare industry and continuing to double down on patient offerings under MeddoSure to achieve the vision of complete healthcare cover for patients, and going the extra mile to offer affordable plans that cover all expenses from primary health care (OPD) to hospitalization (IPD),” Saurabh Kochhar, founder of Meddo.
Alka Goel, founding partner, Alkemi Growth Capital said, “Today, more than ever, the need is apparent – and Meddo is helping organize this fragmented market. We are excited about being partners with them.
Within the last two years, Meddo has served and created a customer base of almost 6 lakhs patients, on-boarded over 400+ doctors from various super specialties, and re-branded close to 250+ clinics under the Meddo brand across Delhi/NCR. With a wide and dominant presence in the capital city, Meddo would want to expand its footprint across the top 10 cities within the next 18 months.