Telemedicine Startup Remedo Raises Undisclosed Amount In Pre-Series A Funding Round

  • The startup was founded by Dr. Ruchir Mehra, Harsh V Bansal alumnus and Richeek Arya in 2017
  • The Company will utilize the funds to add critical medical practices like cardiovascular, neuro, and respirators
Remedo fund raising

Remedo, a telemedicine vertical, has raised an undisclosed amount in its pre-Series A round from River Rock Ventures. Inflection Point Ventures also participated in the round with other investors including AngelList, Mohit Satyanand, Mitesh Daga (TPG Capital) and Aditya Vij (Kedara capital). The startup was founded by Dr. Ruchir Mehra, Harsh Bansal, and Richeek Arya in 2017 to connect doctors with patients. The platform includes customized care plans, which includes consultation, follow-up visit reminders, tests, medicine reminders and answers to patients FAQs.

The startup will utilize these funds to expand to critical medical specialities like cardiovascular, neuro, and respirators.

In a media statement, Dr Ruchir Mehra, Co-founder, Remedo, said, 

“Because of Covid outbreak, patients are unable to meet their doctors in person as it is not advisable to visit hospitals if one is not a corona affected case. As a result, we have seen a clear acceptance among the stakeholders to take the telemedicine route. Our business has witnessed 17 percent growth in follow up visits for the doctors on the platform.”

Vinay Bansal, Founder & CEO, Inflection Point Ventures, said,

“We are a digital first investment platform and our due diligence process is based on studying hows and whys of startups failing. We are seeing a massive surge in our investor base even with the given macro scenario because investors have found startups as a good asset class creating wealth in the private market. We aim to open up angel investment in India and want to make it as accessible as buying stocks. That’s why more than 200 investors have done their maiden angel investments through IPV.”

Remedo helps doctors engage with patients, improve patient experience, thus growing their practice. Through Remedo, Doctors are able to take control of their practice, digitize records without typing, send automated reminders as well as targeted communication to their patients. Remedo also helps utilize waiting times to deliver patient education that delights patients.