Press Release

India’s Largest EMR platform HealthPlix raises USD 22 million in Series C funding from Avataar Venture Partners and SIG Venture Capital

~ Existing marquee investors like Lightspeed Venture Partners, JSW Ventures, Kalaari Capital, and Chiratae Ventures along with Venture Debt firm Blacksoil Capital also participated in the round ~


HealthPlix Technologies – India’s most trusted and secure doctor software brand today announced the closure of $22million funding in Series  C  led  by  Avataar Venture Partners, SIG Venture Capital and existing investors. The funding round marks the first health-tech growth stage investment done by venture capitalists in 2023. 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.


A significant percentage of the Indian population suffers from  chronic  diseases  and several  health- tech startups have emerged to serve their needs. Leading  the  health-tech  segment,  HealthPlix’s  unique approach puts doctors first and solves for  their  pain points. HealthPlix currently  empowers  10K+ doctors who treat 2.5 percent of the entire Indian population and is advancing national health missions, such as Ayushman Bharat Digital  Mission  (ABDM). By 2024,  the  rapidly  growing  doctor  base on Healthplix will include 25K+ doctors treating 15 percent of the entire population.


“HealthPlix approach of using Doctor as the focal  point and  delivering  value to other stakeholders like Patients, Pharma brands, Pharmacies and  Diagnostic  labs is  unique  and  differentiated. We have seen many business models that have failed to scale in the Health-tech ecosystem and we believe that Sandeep has built a great team to deliver on HealthPlix promise”, says Mohan Kumar,

Investment Advisor to Avataar Venture Partners

‘’We invested in HealthPlix to help further the team’s vision  of  being  the  active  catalyst  for  technology adoption in healthcare  by  allowing  doctors  to  be  more  productive,  thereby  driving  better outcomes for patients.’’ says Bhavanipratap Rana, Investment Advisor to SIG Venture Capital.


Sharing his vision, Sandeep Gudibanda, CoFounder & CEO, HealthPlix Technologies said, “We are a 100% DOCTOR FIRST firm and that ethos has earned us significant TRUST from doctors.  At  HealthPlix, our vision  is  to  drive  better  Health  Outcomes at Population level. Today, we serve 2.5%  of the entire Indian population. With these new funds, we aim to  cater to 200-250Mn  more  patient  lives in an 18-month time frame. Avataar Venture Partners  and  SIG  Venture  Capital  share  our  passion and the doctor-first ethos, and  we  are delighted  to be  partnering  with them.  We’d be the  first health-tech startup in India to secure Series C funding in 2023. ”


Commenting on the occasion, Chaitanya Raju, Executive Director, HealthPlix Technologies said, “Doctors are at the core of healthcare delivery. It is during doctor’s interaction with patients that health decisions get made, diagnostic tests get prescribed, medicines  get  chosen,  surgical  procedures get planned, and hospital referrals get made. This intera ction is the moment of truth, where $100 billion of annual healthcare spend is decided. And in this moment of truth, the ONLY solution that doctors turn to for assistance is HealthPlix.”


In 2022, HealthPlix had secured USD 2mn in debt funding from Blacksoil Ventures. The company’s current Series C funding round saw participation from its marquee existing investors, which is a testament to their trust in the health-tech startup. Since its inception in 2014, the startup has been recognized as the best Doctor Productivity Software in India and has introduced several products such as EMR, Drug-to-Drug Interactions (DDI), Mobile EMR, AI-powered SmartScan,  and  Doctor Insights Dashboard, among others.


About Avataar Venture Partners

Avataar Venture Partners is an Early Growth stage fund focused on helping B2B Tech  &  SaaS  companies accelerate their scaling journey. Avataar has partnered with India’s leading B2B SaaS companies, including media software unicorn Amagi, India’s  first  SaaS  IPO  and  global  leader in  travel & hospitality RateGain, SaaS unicorn for wellness industry Zenoti and Retail CRM & Loyalty Capillary. Avataar’s B2B Tech companies include InsuranceDekho, India’s leading B2B Insurtech distribution company and ElasticRun, India’s leading Rural Commerce company.



About SIG Venture Capital

SIG Venture Capital is the Southeast Asian and Indian venture capital arm of the Susquehanna International Group of Companies, a global proprietary trading and  investment  firm  founded  in 1987. As part of SIG, we have access to flexible and patient capital to grow  with our investments.  With 70+ IPO/M&A and other exits among our 350+ portfolio companies  in  enterprise  and  consumer technology over the last 18 years in Asia, we support founders from  their early  days through each stage of growth. Our portfolio includes Agora, Bytedance, Kumu, Inshorts,  Lentra, Mobile Premier League,, Paidy, PayMaya and RedDoorz. For more information about SIG Venture Capital, please visit


About HealthPlix

HealthPlix has pioneered the digitization of healthcare through its future -ready AI-powered  EMR platform for doctors in India. The start-up currently empowers 10K+ doctors to drive better health outcomes for their patients by providing clinical decision support at the point of care. More than 22 million patients have been treated using the HealthPlix EMR platform by doctors practicing across 16 specialities. HealthPlix doctor base and network spans across 370+ cities in India making it  the trusted EMR platform for doctors in the country.

Founded in 2014, the start-up is backed by marquee investors such as Lightspeed Venture Partners, JSW Ventures, Kalaari Capital, and Chiratae Ventures.


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