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Healthtech Startup Meddo raises $6 million led by SRI Capital, Picus Capital & Alkemi Capital

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Meddo, a health-technology startup, has raised $6 million in a pre-Series A round led by SRI Capital, Picus Capital, and Alkemi Capital. Through a connected care delivery platform, Meddo is redefining how primary and secondary healthcare are delivered in India.

Meddo provides technology-enabled, digital solutions to OPD clinics, transforming them into full-service medical centres complete with ERM systems, diagnostic support, medicine delivery services/support, and much more.

Despite the challenges posed by Covid, Meddo has continued to grow and expand its network and service offerings. In recent months, the venture has launched relevant solutions such as L1 Covid centres, tele-consultation services, diagnostic solutions, and MeddoSure, an extremely useful and cost-effective healthcare membership.

"Our focus will be to increase presence and national footprint - both with more clinics in the NCR region and expansion to other cities, organic and inorganic expansion by investing in technology solutions, investing in big-data that would give us access to trends in the healthcare industry and continuing to double down on patient offerings under Meddo Sure to achieve the vision of complete healthcare cover for patients, and going the extra mile to offer affordable plans that cover all expenses from primary health care (OPD) to hospitalisation (IPD)," Saurabh Kochhar, founder of Meddo.

Alka Goel, founding partner, Alkemi Growth Capital said, “Today, more than ever, the need is apparent - and Meddo is helping organize this fragmented market. We are excited about being partners with Meddo in this journey
Meddo has served and created a customer base of nearly 6 lakh patients in the last two years, on-boarded over 400 doctors from various super specialties, and re-branded close to 250 clinics across Delhi/NCR under the Meddo brand.

With a broad and dominant presence in the capital, Meddo hopes to expand its footprint across the top ten cities in the next 18 months.