InvAscent leads $20 mn funding in MediBuddy

Bangalore: Digital healthcare platform MediBuddy, formerly DocsApp, on Tuesday said it has closed its Series B funding round of $40 million (Rs 292 crore).

In the latest transaction in the round, the company raised $20 million led by healthcare-focused private equity firm InvAscent via its India Life Sciences Fund III, said MediBuddy in a statement.

MediBuddy will use the funds to further strengthen its doctor and hospital base, patient reach, product, technology, and brand.

The startup was founded in 2015 by Kannan and Enbasekar Dinadayalane, both IIT Madras alumni.