Venture Gurukool Invests in Healthcare Chain, Meddo
Venture Gurukool made investments in Meddo, a healthcare chain that aims to redefine the delivery aspect of outpatient care in India, through technology-enabled "connected-care." The platform aggregates and rebrand clinics and other providers using technology as the core enabler. Venture Gurukool has co-invested alongside SRI Capital and GrowX Ventures in their Pre-Series A investment round of $2.5 million.
Founded by serial entrepreneur & IIM Calcutta alumnus Saurabh Kochhar & Dr. Naveen Nishchal, co-founder, Cygnus Hospitals and a Harvard alumnus. Meddo focuses to revolutionize the health-tech segment in the Indian market. Major Doctor Run clinics are unstructured to offer value-added services to patients visiting the establishments. To efficiently run these single unit clinics, medical practitioners have to divide their time between practicing medicines and administer peri-clinical operations. The goal for Meddo is to look towards transforming these standalone clinics as a part of an overall healthcare ecosystem offering and improving upon multi-faceted patient care.
Meddo's Founder Saurabh Kochhar received the Healthcare Startup of the year award at MT India Healthcare Awards 2019
With Saurabh’s remarkable experience as an entrepreneur for FoodPanda and Printvenue, together with Dr. Naveen’s notable contributions towards the Indian healthcare industry, Meddo addresses the need to combine technology to yield digitized health records enhancing all aspects of patient care.
“Our objective is to aid standalone clinical establishments and convert them into full-service health centers, making no compromise on quality and excellence in the standards of care offered to our patients. We are delighted to receive Venture Gurukool's affiliation to stimulate our network growth among clinics and doctors extensively in the NCR region, said Saurabh Kochhar, Co-founder, Meddo.
Meddo built a network of 100+ clinics and about 200 doctors within six months of its launch, aiming to reach 1,000 clinics in the next two years.“The clinic management system by Meddo is simple, yet efficient, managing all peri-clinical activities for doctors. The platform enables doctors to fulfill their principal purpose of serving the requirements of each patient from one convenient place. We cherish to endorse such innovations that disrupt the health-care segment and make the healthcare process more structured, accessible, budget-friendly and smooth for patients," remarked Ms.Ntasha, Co-Founder, Venture Gurukool.
Offering practicing doctors, a custom-designed and comprehensive digital platform, the Meddo solution assists in facilitating in-house diagnostic services and train the doctors in dispensing medication within the premises of the doctor’s clinic. As a part of a bundled offering, the doctor’s clinic is equally efficient to offer add-on services like home collection of blood samples, report delivery thereby focusing on 100% patient convenience.
Meddo’s service of digitizing the patient record helps partner doctors maintain track of separate patient medical histories without having to add to their paperwork. Thus, making the most out of the advantages of electronic health records under a clinical environment, including effective and efficient clinical workflows, bettering their ability to diagnose diseases and reduce—and indeed prevent medical errors adding greater support towards evidence-based clinical decision-making.
