Healthcare service aggregator Click2Clinic, run by Click2Clinic Healthcare India Pvt. Ltd, has raised $850,000 (Rs 5.4 crore) in seed funding from a group of angel investors in the US and Malaysia, a company statement said.
Narottam Thudi and Shireesh Palle, both doctors based in the US, put in money, a company executive told VCCircle. However, the startup didn't disclose the names of other investors.
The Hyderabad-based company, which aggregates hospitals, diagnostic firms, pharmacies and ambulance services, will use the funds to strengthen its product offering and expand its services to new markets.
Click2Clinic has also acquired Wellness Home Healthcare, a Bangalore-based firm that provides home healthcare services, in an all-stock deal, the statement added.
Founded by Chalapathi Naik and Rajneesh Chakravarthy, Wellness' scope of services includes nursing, vital check-ups, wound dressing, nebulisation, medications, and bed bath by qualified health nurses.
Following the acquisition, Click2Clinic will integrate its tech capabilities with those of Wellness', the press note said.
Click2Clinic, founded by Sujeeth R. Punnam and Murali Bharadwaj in 2016, runs health app launcher ‘Clinicopedia’, which brings together hospitals, doctors, nurses, patients, labs, and pharmacies on a single platform. The company’s recognised telemedicine operator visits patients at homes and arranges a five-minute teleconsultation with doctors empanelled with the network. If the patient needs hospitalisation, the app facilitates transportation to its nearest network hospital.
The C2C Health radar app, which comes with the launcher, also has a WhatsApp-like chat feature and payment gateway services.
The company recently expanded to Malaysia, and plans to foray into other international markets such as Vietnam, Sri Lanka, and Bangladesh by the end of the year.
“We will continue to grow both organically and inorganically. We have drawn a strategy to enter into 10 new cities in the next one year,” Vivek Reddy, chief operating officer, Click2Clinic, said.
Other startups in the healthcare space that have recently raised capital include doctor-consultation platform Docwise, which bagged funding from Flipkart executives Mekin Maheshwari and Gaurav Bhalotia. The startup provides doctors a platform to interact with their patients.
In April, tele-consultation platform Konsult App raised $500,000 in two rounds of seed funding from a group of US-based investors. The startup, which started out as a platform to connect doctors and patients for post-consultation services, now provides medical consultation and second opinion services.
In March, Klinic App secured seed funding from Om Chaudhry, the founder of private equity fund Fire Capital. The company is an online aggregator of organised and unorganised pathology labs in India.