Doctor Insta to raise USD 4 million towards India expansion
New Delhi: Doctor Insta, a video medicine platform announced its plans to raise the next round of funding of USD 4 million to further expand its operations in the country, with BIORx Venture Advisors Private Limited (BIORx) a strategic advisory company, as its exclusive partner, responsible for managing Doctor Insta's fund raising portfolio.
Following its inception in December 2015, Doctor Insta has raised over USD 3 million funding which was led by RoundGlass Partners (Seattle, Washington) and BrahmaX Ventures (Los Angeles, CA) which were utilized to set up operations in India across consumer and corporate verticals.
Doctor Insta is currently running its services at a pan-India level through B2C (retail) and B2B2C/ B2G Channels (corporate and governments). This year, the company collaborated with large companies such as American Express, SRF, Channel Play, Videocon, Muthoot Finance and so on, through which it has covered more than 3,00,000 employees and their families.
"We are on the threshold of redefining the telemedicine space in India and establishing ourselves as the go-to platform by further expanding our pan India presence. The entire team at Doctor Insta is extremely, delighted to join hands with BIORx as our trusted investment management partner as we believe the new round of funding will provide further impetus to our growth which we plan to utilize in expanding our team and service portfolio," said Amit Munjal, Founder, and CEO, Doctor Insta.
Doctor Insta also partnered with UK-based healthcare artificial intelligence company, Your MD and US-based second opinion consults platform- Second Opinion Experts. With an aim to fulfill almost all medical requirements of the customers, the company is striving hard to make alliances where the customer is benefitted the most. With these alliances, customers can now have second opinion consultations, pre-operation prospecting, and post-operation follow-ups.
Doctor Insta currently conducts over 1000 consultations a day across various issues on its app, which runs on Android and iOS devices. Since its inception, the company has over 5, 00,000 app installations and more than a million users.
Presently, Doctor Insta provides consultation across medicine, dermatology, gynecology, sexology, diet, and nutrition, gastro, pediatrics, psychology, neurology, and urology.