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Healthtech Startup oDoc raises $1M in Pre-Series A Funding February, 24, 2021 The funding will be used to create a seamless customer experience across the healthcare and insurance verticals in the region. oDoc, Sri Lanka's leading digital health company, announced it had closed USD 1 million in pre-series A funding at double its previous valuation. Existing investor Techstars led the investment round along with leading Silicon Valley venture capital firms, Hustle Fund and Unpopular Ventures. Other notable investors included Cherif Habib (co-founder of Dialogue, a Canadian telemedicine start-u...

Telemedicine Startup oDoc secures $1 Million in Pre Series A Funding Team StartupcitySrilanka based telemedicine startup oDoc has raised $1 million in pre-series A funding led by existing investors Techstars. The round also saw participation from Silicon Valley VC firms Hustle Fund and Unpopular Ventures. Other investors included Cherif Habib, Co-founder, Dialogue; Vir Kashyap, Co-founder, Babajob; and LPs Bill and Leonard Lynch. A statement said that the funding will be utilized by oDoc towards expansion of operations and creation of a seamless customer experience across the healthcare and i...

Janaka Wickramasinghe (Chief Medical Officer) , and Ashik Bari (COO), oDoc connects patients with doctors for video consultations and fulfils home diagnostics and medicine delivery. Based in Sri Lanka, the app also provides a plug-and-play telemedicine solution for users. oDoc operates on two models: pay as you go and subscription. The subscription model starts at Rs 70 per user per month for corporate entities and the pay-as-you-go model starts at Rs 499 per consultation.  The company claims to have witnessed five times growth in revenues in 2020, while maintaining healthy unit economi...

YourStory presents this daily roundup of the latest startup news and updates from the Indian startup ecosystem and beyond. Here's the roundup for Tuesday, February 23, 2021.