Doctor consultation app DocsApp has just managed to land an impressive seed investment of $1.2 million from investors Anand Rajaraman, Venky Harinarayan and Japanese Venture Capital firm Rebright Partners. The funding comes even as DocsApp is carving a special place for itself in the consultations niche, barely within a year after it begin operations in 2015.
For those who are unfamiliar with it, DocsApp is an online doctor consultation application that seeks to make sure that doctors are easily accessible to the patients. The application lets patients consult a range of specialists on a variety of illnesses ranging from Psychiatry to Derma, Gynecologist, Pediatrics and General Medicines, Weight Management, Sexology, Gastroenterology etc.
The application has proved to be especially pertinent in cases where the diagnosis does not require a physical checkup — as is the case with almost 72 percent of total reported illnesses, as per statistics. Which is why it has been gaining so much attention in recent days.
The investors Mr. Anand Rajaraman & Venky Harinarayan, who were some of the earliest Facebook backers said,
The DocsApp team has created an amazing app that combines whiz bang technology with specialist doctors to enable speedy doctor consultations and great patient outcomes. This app will revolutionize primary healthcare in India!
Folks at the other investor Rebright Partners, seemed similarly impressed by the idea and Mr. Takeshi Ebihara, Founding General Partner of Rebright Partners said,
The team has a great understanding of the healthcare space and it is a scalable business model that can service millions of patients across India and South-East Asia.
Speaking on the topic, Mr. Satish Kannan, Co-Founder & CEO, DocsApp said,
With close to 200 million smartphone users and with the increasing percentage of mobile network penetration into rural areas, Mobile phones have become the key medium of communication across the country. Taking advantage of this widespread network, our aim is to provide high quality primary healthcare services to people across India through our mobile application.
He also hinted at his company’s future plans, stating that he wanted to take online healthcare to even the most remote corners of the country.
It’s estimated that up to 70% of the commonest health issues people face can be managed online. The patient doesn’t need to travel to have a medical consultation. We want to bridge the gap between patients and doctors through this platform so that people can get expert consultation on demand. We believe that this will also help us take specialised care downstream to more remote areas across the country.
The funding will certainly go a long way towards helping the start-up realize its expansion goals. Meanwhile, features like medicine delivery in 7 cities – Mumbai, Bangalore, Delhi, Chennai, Hyderabad, Kolkata and Pune — the option to chat or talk with doctors in regional languages and the facility of getting sample pick-ups for lab tests done from home, have already made it the favorite of over 80,000 users across the country.
With a healthcare market worth around $80 billion, with a projected growth of around $42 billion in the coming years in the online segment alone, an app that could provide quality service to patients in the comforts of their home was sorely needed. With 15,000 and counting monthly transactions being handled by its pool of over 500 verified doctors, DocsApp seems to be doing a pretty good job of filling the vacuum.
The app is available for both Android and iOS platforms.