Healthcare portal MediBuddy raises $125-M from Quadria Capital, Lightrock India, others

Bengaluru-based online healthcare firm MediBuddy has raised USD 125 million from Quadria Capital and Lightrock India, along with participation from existing investors. The funding round saw participation from existing investors Bessemer Venture Partners, India Life Sciences Fund III, Rebright Partners, Jafco Asia, TeamFund LP, FinSight Ventures, InnoVen Capital, Stride Ventures, and Alteria Capital. The firm will use the funds to invest in customer awareness, hiring, strengthening technology platforms including data science capabilities, clinical research, and product development. The digital platform is playing a role in organising primary healthcare services, improving quality and convenience even as it expands access to Tier 2 and Tier 3 towns.