HealthTech company Docplix has raised Rs 1.2 crore in bridge round led by Inflection Point Ventures (IPV). The funds raised will be utilised for product development, Artificial Intelligence (AI) integration and market expansion, a statement from the company said.
It mentioned that this will involve enhancing their Electronic Health Record (EHR) system, incorporating advanced AI capabilities to improve decision support and patient care, and expanding their market reach to bring their innovative healthcare solutions to bigger clinics and hospitals.
Vinay Bansal, Founder and CEO, Inflection Point Ventures, said in the statement, “The government’s initiative Ayushman Bharat Digital Mission (ABDM) to build a health ID repository of all citizens for easy exchange of information between the doctors and patients is not a small feat. DocPlix is on a high mission to help citizens and healthcare providers to integrate into a tech-enabled healthcare system which can improve patient diagnosis and treatment. At IPV, we have always invested in companies that are using technology for good to bring a real-life change in the lives of the users. DocPlix’s powerful platform, wellness programmes and addressing access to healthcare in tier-II and tier-III towns drove our decision to invest in the company.”
DocPlix has built one of the most comprehensive and in-depth AI-enabled Electronic Health Record (EHR) system for doctors, the statement claims.
Dr Varun Garg, Co-Founder and CEO, Docplix, also said in the statement, “Our goal is to become the leading EHR provider in India, leveraging advanced technologies like AI and data analytics to transform healthcare delivery. With the support of IPV, we are poised to scale globally, starting with the USA, while continuously innovating to meet the evolving needs of healthcare professionals and patients.”
In 2022, the Indian Electronic Health Record (EHR) market was valued at approximately $414 million, projected to reach $900 million by 2030. Globally, the EHR market was valued at $25 billion in 2022, expected to grow to $40 billion by 2032.
DocPlix was founded by Dr Varun Garg, Co-Founder and CEO, a dentist with over 10 years of experience; Aayush Garg, Co-Founder and CTO, a BTech in CSE with over eight years of experience in building and scaling technology for startups; and Dr Ajay Shukla, Co-Founder and CIO, an endocrinologist with a DM from SGPGI, Lucknow, having over eight years of experience in the field.