Avataar co-leads $22m funding in HealthPlix and India deals worth $535m

Healthtech startup HealthPlix Technologies on Wednesday announced that it has raised $22 million in its Series C funding round led by Avataar Venture Partners, SIG Venture Capital, and existing investors.

The proceeds from this round of funding will be used to ramp up doctor-first product innovation, enhance the technology stack, and scale user acquisition efforts, HealthPlix said in a statement.

The startup currently claims to be empowering over 10,000 doctors to drive better health outcomes for their patients by providing clinical decision support at the point of care. By 2024, Healthplix plans to increase its doctors’ base to over 25,000, the statement added.

HealthPlix said that more than 22 million patients have been treated till date using its EMR platform by doctors practising across 16 specialities. Its doctor base and network spans across 370+ cities in India. The startup had raised $2 million in debt funding from Blacksoil Capital last year.

INDIA DEAL MONITOR

Here are the prominent venture capital transactions in India announced from March 14-16, 2023.

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Startup Headquarter Investment Size (USD) Investment Stage Lead Investor(s) Other Investor(s) Industry Verticals
HealthPlix Technologies Bengaluru 22,000,000 Series C Avataar Venture Partners, SIG Venture Capital Lightspeed Venture Partners, JSW Ventures, Kalaari Capital, Chiratae Ventures Healthcare IT Healthtech
One Impression Gurugram 10,000,000 Series A KRAFTON, Inc Marketing/Advertising Sales/Marketing Software
Aerem Mumbai 5,000,000 Pre-Series A Avaana Capital Blume Ventures Financial Services Fintech
Finsire Pune 1,300,000 Seed DevX Venture Fund iSeed, Spark Capital, 1947 Rise, Adept ventures, Portal Angel Investors, Purple Matters, DeVC India, Lets Ventures, Shashank Kumar, Harshil Mathur, MadhuR, Prabhu R, Muthu A, Lalit Keshre, Maninder G, Justin Caldbeck, Abhinav Sinha, Mohan K, Pratekk Agarwal, Abhishek Goyal, Abhishek Rungta, Rahul Mathur, Meet Semlani, Amit Goel Financial Services Fintech
peAR Mumbai 507,859 Pre-Series A 1crowd, Chennai Angels, Inflection Point Ventures (IPV) Software Restaurant Tech
Lenskart Faridabad, Haryana 500,000,000 Equity Abu Dhabi Investment Authority Retail E-commerce
BuyStars Gurugram 5,000,000 Pre-Series A Lumikai, Chiratae, Leo Capital Software E-commerce
Gynoveda Mumbai 10,000,000 Series A India Alternatives Fund Wipro Enterprises, RPG Ventures, Dharampal Satyapal Ltd, Alteria Capital Pharmaceuticals E-commerce
Yellow Metal Bengaluru 3,000,000 Seed MSA Novo Spiral Ventures, WaterBridge Ventures, Java Capital Financial Services Fintech

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