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Fast Tracking Healthtech
Sandeep Gudibanda’s most recent ventures are “solely intended to address the healthcare needs of India’s underserved and below-poverty populations”
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Established in 2014, HealthPlix is the only doctor-first healthcare SaaS-based company with a vision and passion to reshape healthcare delivery in India. HealthPlix delivers digital healthcare not only by providing software for doctors for consultations but also by enabling them to set up a virtual clinic with ‘zero physical infrastructure’. They can do this even in the remotest parts of the country.
“India is our priority market, and our aim is to build a digital healthcare stack that will power the end-to-end clinic and patient management for the doctors,” says the company’s CEO Sandeep Gudibanda.
A Big Impact
Being on the path to revolutionise healthcare technology in the country, over 16 million patients have been treated using HealthPlix’s electronic medical records (EMR). Deeply rooted and localised with support in 14 languages, the platform has over 5,000 clinics in 23 states growing at 10 per cent month-on-month. In terms of traction, 1.5 per cent of India’s population, over 35 years in age, is on the HealthPlix platform.
Marquee investors such as LightSpeed Venture Partners, Kalaari Capital, Chiratae Ventures and JSW Ventures are backing the venture. The company’s business model is largely based on subscriptions and licensing, registering a USD 2.85 million annual recurring revenue for 2021.
The driving force for Gudibanda has always been about solving problems for ‘Bharat’. In the face of the pandemic, his company realised that growing economies such as India require a stronger digital push. As a result, HealthPlix launched a mobile version of its EMR for doctors to instantly start their practice from any corner of their home.
Future Fit
On receiving heavy demand from tier-2 and tier-3 cities, the enterprise plans to expand. Given the challenge of the unstable internet infrastructure, it is focused to enhance mobile product capabilities to allow doctors in these regions to adopt digital solutions.
The company is scaling up teams to meet the rising demand for the adoption of digital tools, especially post-Covid. It will also pay attention to cater to specific specialities and new product lines by hiring across functions like marketing, analytics, product and design to meet the market requirements.