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Y Combinator-backed DocTalk bags $5 mn from Matrix, others

07 November, 2017

US- and Mumbai-based doctor-patient communication platform DocTalk Solutions, Inc. has raised $5 million (Rs 32.43 crore) in a fresh funding round from Matrix Partners India, Khosla Ventures, and others, a report in a financial daily stated.

US-based investors Venture Highway, Liquid 2 Ventures, Altair Capital and Vy Capital, besides a few undisclosed angel investors also participated in the round, The Economic Times report said.

Akshat Goenka, Vamsee Chamakura and Krishna Chaitanya Aluru, co-founders of the venture, did not immediately respond to email queries from VCCircle, seeking confirmation.

“At DocTalk, we are working to simplify and improve doctors’ lives by giving them control over their patient communication and practice,” Aluru, chief technology officer at DocTalk, told ET.

DocTalk, founded in 2016 by Goenka, Chamakura and Aluru, offers a mobile app that helps patients connect with their doctors. After their first in-person visit, users can connect to the platform to chat with their doctors, obtain prescriptions and share new reports with their doctors. Patients pay on a monthly basis to communicate with their doctor over DocTalk, which keeps a part of their payment while the doctor takes the rest.

DocTalk participated in US-based startup accelerator Y Combinator’s Fellowship programme in 2016 and the 2017 winter batch.

Goenka is an alumnus of the University of Pennsylvania and has earlier worked at financial services major JP Morgan. Chamakura is a computer science engineer from International Institute of Information Technology and has earlier worked with startups such as Wyrme and Flowapp.io among others as a developer. Aluru is a computer science graduate from Brown University and comes from a family of doctors.

Other startups that offer doctor consultation services include Mfine, which last month raised $1.5 million (Rs 9.58 crore) in its first round of external funding led by Stellaris Venture Partners.

In April, healthcare tele-consultation platform Konsult App secured seed funding in two rounds from a consortium of investors from the US, the UK, Netherlands and Australia.

Doctor Insta, SeeDoc and DocsApp are some other players that offer consultation services via video conferencing.

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Y Combinator-backed DocTalk bags $5 mn from Matrix, others

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