HelpingDoc, a gateway for health care providers to connect to their patients, has raised Rs 10 crore in Series-A funding from Senior Marketing Systems (SMS), Singapore. The proceeds will be used to strengthen the field force and technology back-end.
The company plans to grow beyond the Delhi-NCR area into other major cities like Mumbai, Bangalore, Kolkata and Chennai over the next 18-24 months. It also aims to scale up by four-five times and enrol about 20,000 doctors in the next two years.
Amit Bansal, founder and chief executive officer, HelpingDoc, said, "It will allow us to leverage SMS' expertise in this field, and explore synergies with SMS' investments across Asia. The funds will help us scale faster and beef internal operations, processes and systems."
Jo Hatakeyama, Director, SMS, Singapore, said, "We have been looking to invest in India, and found HelpingDoc to be well-positioned to grow in this market. The online health care industry in India is still in a nascent stage, and has the potential to grow rapidly over the next three-five years."
SMS is a strategic investor that has invested in online healthcare ventures across Asia in Japan, Korea, Malaysia, Indonesia, Thailand, Australia and Sri Lanka. Started in 2013, the company is based out of Singapore.
SAIF to invest $1 mn in Capital Float
Venture capital firm SAIF Partners will invest $1 million in digital finance company Capital Float, which provides working capital loans to small businesses via a technology-led loan origination and credit underwriting platform. It aims to make the process of getting a business loan as simple as shopping online.
Matrix invests in WeAreHolidays
Matrix Partners has acquired a significant minority stake in WeAreHolidays, an online marketplace for booking customised holiday packages. Matrix Partners India, along with existing angel investors Blume Ventures and GSF Superangel Investors, co-invested in this round.
The company plans to grow beyond the Delhi-NCR area into other major cities like Mumbai, Bangalore, Kolkata and Chennai over the next 18-24 months. It also aims to scale up by four-five times and enrol about 20,000 doctors in the next two years.
Amit Bansal, founder and chief executive officer, HelpingDoc, said, "It will allow us to leverage SMS' expertise in this field, and explore synergies with SMS' investments across Asia. The funds will help us scale faster and beef internal operations, processes and systems."
Jo Hatakeyama, Director, SMS, Singapore, said, "We have been looking to invest in India, and found HelpingDoc to be well-positioned to grow in this market. The online health care industry in India is still in a nascent stage, and has the potential to grow rapidly over the next three-five years."
SMS is a strategic investor that has invested in online healthcare ventures across Asia in Japan, Korea, Malaysia, Indonesia, Thailand, Australia and Sri Lanka. Started in 2013, the company is based out of Singapore.
SAIF to invest $1 mn in Capital Float
Venture capital firm SAIF Partners will invest $1 million in digital finance company Capital Float, which provides working capital loans to small businesses via a technology-led loan origination and credit underwriting platform. It aims to make the process of getting a business loan as simple as shopping online.
Matrix invests in WeAreHolidays
Matrix Partners has acquired a significant minority stake in WeAreHolidays, an online marketplace for booking customised holiday packages. Matrix Partners India, along with existing angel investors Blume Ventures and GSF Superangel Investors, co-invested in this round.
If you have any information or announcements to share, please write to bsreporter@bsmail.in
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%