MediBuddy, a digital healthcare platform, announced a $125 million funding round led by Quadria Capital and Lightrock India, with participation from existing investors such as Bessemer Venture Partners and India Life Sciences Fund III.

Rebright Partners, JAFCO Asia, TEAMFund LP, FinSight Ventures, InnoVen Capital, Stride Ventures, and Alteria Capital were among the existing investors in the Series C round.

The new round of funding will be used to increase customer awareness, hire more people, and strengthen technology platforms such as data science capabilities, clinical research, and product development, according to a statement from MediBuddy.

"With the latest round of funding, we will capitalise on strengthening our network of healthcare service providers and our team, while launching new services on the platform. As always, we will continue to be at the forefront of the digital transformation of India's healthcare industry," Satish Kannan, Co-founder, and CEO, MediBuddy stated.

While expanding access across India, including Tier 2 and Tier 3 towns, the digital platform is playing a crucial role in organising primary healthcare services, enhancing quality and convenience. Lightrock India's Principal & Healthcare Lead, Tejasvi Ravi, stated.

He stated that MediBuddy's care platform provides flawlessly integrated care, which is leading the way in growing primary healthcare use and assisting millions of customers in staying healthy.

MediBuddy gives consumers access to specialised doctors via video conversations 24 hours a day, seven days a week, as well as doorstep medicine delivery, at-home lab tests, mental health assistance, and other integrated healthcare services, all in one convenient location.

Using its unprecedented pan-India network of 90,000 doctors, 7,000 hospitals, 3,000 diagnostic centres, and 2,500 pharmacies, the platform has effectively served the healthcare requirements of over 3 crore Indians, covering over 96 percent of PIN numbers across the country.