Avendus Capital Advises Medibuddy on Its USD 125 mn Series C Fundraise Led by Quadria Capital and Lightrock India

Digital Healthcare is witnessing an unprecedented growth and over the next decade, digital infrastructure will revolutionise the way people consume healthcare services. MediBuddy has already achieved a leadership position in the digital healthcare industry while demonstrating superior unit economics. We are happy to support MediBuddy in further consolidating its position and filling the gaps that exist in digital healthcare.

From the inception of MediBuddy, we have envisioned making high-quality healthcare easily accessible to a billion people in the country. Digitisation of the healthcare industry has helped people living even in the most remote parts of the country avail timely medical care by professionals. 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.

The primary e-health space in India is still at a nascent stage and presents a massive USD 22 billion opportunity over the next 5 years. As a one-stop solution that connects patients, providers, insurers and corporates across the ecosystem, Medibuddy is well-poised to lead the transformation in the digital healthcare space in India. It has been a privilege to partner with the MediBuddy team who have established a dominant position with their large captive user base, robust full-stack product offering and strong pan-India network.