Doxper, an app that helps doctors maintain patients’ medical records, has raised $750,000 (Rs 4.8 crore approximately) in its seed round of investment led by Vidal Healthcare and GrowX Ventures, a company statement said.
Others who participated in the round include angel investment platform Capier Investments, online venture capital firm Globevestor, and other angel investors including a leading onco-surgeon, the press note added.
As part of the deal, Girish Rao, managing director of Vidal Healthcare, and Siddharth Dhondiyal, representing GrowX Ventures, have joined Doxper’s board of directors.
The startup will use the fresh capital to scale up operations and develop its technology platform by adding more layers such as machine learning, handwriting recognition and artificial intelligence on top of the current stack, Shailesh Prithani, its co-founder and chief executive, said in the statement.
Doxper has developed an encoded pen and paper system, through which doctors can write prescriptions and patient information, and the data automatically gets transferred to the cloud. Patients can use the Doxper app to access their records, book follow-on appointments, and share reports with family. Hospitals can also use Doxper to digitise their records by integrating their HIS system.
“The problem of not recording healthcare data in digital format is an expensive one and when solved has benefits of exponential proportions. The simplicity of the solution is the biggest USP of Doxper,” Rao and Dhondiyal said in the statement.
InformDS Technologies Pvt. Ltd., which runs Doxper, was founded by Prithani, Pawan Jain, and Randeep Singh. Prithani is an alumnus of IIT Roorkee and has previously worked with Schlumberger, while Jain and Singh are from IIT Bombay. In their prior stints, Jain was with financial research firm Visible Alpha and online content solutions firm SnapStick Inc, and Singh was a former scientist at Philips Research and was director of the biomedical informatics division at SAP Labs.
Doxper is actively servicing doctors in Delhi/NCR, Jaipur, Pune, Bangalore and Mumbai. It also remotely supports a few doctors in other cities who are early adopters with keen interest in technology and its solution.
The company claims that over 400 leading physicians and specialists have become its users, including AIIMS Breast Cancer Clinic, Prashanti Cancer Care Mission, Biocon Foundation, Jain Fertility & Mother Care Hospital, and others. The firm is also piloting with large hospitals.
Several platforms offering doctor consultation services have recently secured funding.
Last week, VCCircle reported that Mfine, a yet-to-be-launched online doctor consultation platform floated by Myntra co-founder Ashutosh Lawania, is set to raise Rs 6.81 crore (around $1 million) from undisclosed investors.
Docwise, a startup provides doctors a platform to interact with their patients, had raised an undisclosed amount of funding from former Flipkart executives Mekin Maheshwari and Gaurav Bhalotia earlier this month.
In April this year, QorQL, which uses artificial intelligence and big data to connect doctors and patients, secured funding from digital payments firm Paytm.