[Funding] HealthTech Prescribe raises 1 crores from Titan Capital and others

By : |November 18, 2020 0

Prescribe is a health tech startup that offers a Shopify model for healthcare institutions like hospitals, clinics, pharmacies, labs, etc. They have conducted one on one interviews with 300+ doctors across India. Today, 50+ Hospitals including 5 of the largest hospital chains in the country trust its services. The startup today raised Rs 1 crore in the seed funding round. The round was led by Titan Capital and other marquee groups of investors. This further included Angel list syndicate and Curofy founders.

The company will use the funds to grow the sales team. It aims to engage in strategic partnerships with pharmaceutical companies and HIS providers. Further, the company aims to reach 500+ hospitals in 6 months.

About Prescribe

Prescribes provides services to hospitals by leveraging online platforms. There, it helps them to increase revenue, increase efficiencies, and customer delight. The AI platform enables seamless interaction between hospital or clinic administration, doctors, and patients. Further, all this goes without the need of downloading any new app. It also enables healthcare institutions to manage patients, increase medicine sales, and lab bookings.

Nived Narayanan, Co-founder & CEO of Prescribe says that India has a huge divide in terms of care in rural areas. He further adds, “There is a huge push by the government to solve this with the new NDHM policies. We are at the forefront to provide digital tools required to enable world-class medical care in every village of the country. This will help us to make every effort to identify challenges in the Indian healthcare industry, and solve them with technology.”

About the funding

Prescribe received the funding from the Titan Capital and First Cheque (Angel list syndicate and Curofy founders). On this Narayanan expressed his delight and said that the support from the investors is not only financial but at the same time “understands our business model”.

Talking about the investment, Bipin Shah, partner at Titan Capital said, “Prescribe has really done a commendable job of bringing Hospital-OPDs online and giving better access to patients. With everything transforming to digital, especially amidst COVID, Prescribe is very relevant for the Healthcare industry. We are really impressed with the thought process and vision of the team in providing healthcare solutions by leveraging technology.”

Kushal Bhagia, CEO – First Cheque also praised Prescribe’s digital healthcare delivery model. He further added, “Prescribe helps doctors save time and offers patients convenience and choice of quality healthcare in the comfort of their own homes. We are excited to back them as they now scale their innovative offering across India!”

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