oDoc raises US$1M Pre Series A funding

Sri Lanka: Health-tech startup oDoc closed US$1 million in a pre-series A funding round led by Techstars.

The investors in this round were Hustle Fund, Unpopular Ventures, Cherif Habib (co-founder of Dialogue), Vir Kashyap (co-founder of Babajob), LPs Bill, Leonard Lynch.

The Sri Lanka-based company is looking to offer patients a holistic digital medical experience by connecting patients with doctors for video consultation, fulfilling diagnostics, and providing medicine delivery.

oDoc claims to have grown its revenues five times in 2020 whilst maintaining healthy unit economics. This growth was fuelled by the pandemic, which was a watershed for the global telemedicine industry, it said.

The startup currently has a network of over 1,000 partner doctors across Sri Lanka, India, the Maldives, and Cambodia.