Friday, April 26, 2024
Outlook.com
Outlook India
Outlook Business

HealthPlix Technologies Raises $22 Million In Latest Funding Round

The fresh capital will be used to ramp up product innovation, enhance the technology stack and scale user acquisition efforts

HealthPlix Technologies Raises $22 Million In Latest Funding Round

Press Trust Of India

POSTED ON March 15, 2023 4:04 PM

Health tech start-up HealthPlix Technologies on Wednesday said it has raised $22 million (around Rs 181 crore) in Series C funding led by Avataar Venture Partners, SIG Venture Capital and existing investors.

The fresh capital will be used to ramp up product innovation, enhance the technology stack and scale user acquisition efforts.

"At HealthPlix, our vision is to drive better health outcomes at the population level. Today, we serve 2.5 per cent of the entire Indian population. With these new funds, we aim to cater to 200-250 million more patient lives in an 18-month time frame," HealthPlix Technologies co-founder & CEO Sandeep Gudibanda said in a statement.

Last year, the Bengaluru-based firm secured $2 million in debt funding from Blacksoil Ventures.
 

  • Related Articles

    The company, which opened its latest store in Kolkata, has rapidly scaled up its offline presence in the last nine months as it was operating only 13 stores until June 2022

    Urban Ladder Plans To Double retail Stores By March 2024, To Expand Retail Presence In 32 cities

    The company, which launched new versions of its three electric scooter models priced between Rs 85,000 and Rs 1.3 lakh, plans to set up a greenfield plant in Rajasthan with an annual production...

    Hero Electric Set To Roll Out Over 10 lakh Vehicles Annually In Next Two-Three Years

    In just more than 3 years, the scheme supported more than 7.45 lakh EVs through demand incentives worth Rs 3,200 crore

    FAME II Discontinuation: Why Do EV Players Want The Subsidy Scheme To Be Extended?