Mumbai-based digital healthtech startup Doxper has raised ₹28 crores in a Series A round from healthcare-focused fund Alkemi Venture Partners, Rainforest Venture Network, growX Ventures, and some other angel investors.
The startup plans to use the freshly raised capital to digitize the global OPD (outpatient department) processes and expand its footprint in geographies like the United Kingdom, Southeast Asia, Middle East, Brazil, and South Africa. The startup had already ventured into South Korea.
The startup works on Artifical intelligence and machine learning to build scalable solutions for doctors to maintain digital records of the patient. The platform uses a digital pen and coded paper system with which the doctors can write a prescription. All the details are transferred to the cloud automatically.
The solution works seamlessly in integration with any existing electronic medical record system. Patients can also use the platform to access their medical history, share reports with family and book follow up consultations. The startup aims to become the largest healthcare digitization and analytics company in the country.
Doxper was selected for K-Startup Grand Challenge in December 2018. K-Startup Grand Challenge is an accelerator program funded by the government of South Korea. The startup was selected as one of the top 40 startups based on its demo of the app out of total 1,770 applications. Only 80 teams were selected at the event.
“We received comprehensive support, funding for living expenses and office space to help us successfully explore the Korean market opportunity,” reads the official website of the startup.
Doxper is already serving 1,600 independent clinics, 3,000 doctors and 10 corporate hospitals including KIMS Hospital and Nanavati Super Speciality Hospital. The startup claims to generate approximately 5 lakh sheets every month. Till date, the startup has processed 5 million records of more than 2.25 million unique patients.
Founded by Shailesh Prithani, Pawan Jain and Randeep Singh in 2015, the startup has raised a total of ₹41.3 crores in funding till date. Last year, the startup raised ₹7.7 crores from Vidal Healthcare. Vidal also invested ₹4.9 crores in Doxper in 2017 along with other investors like Capier Investments and Glonevester.