Sri Lankan medtech start-up raises funds

BioSpectrum (Asia) - - Start-Up-News -

A Sri Lankan startup with an app that con­nects pa­tients with doc­tors via smart­phone video calls has raised $1 mil­lion in seed fund­ing with in­vestors, in­clud­ing a top ap­parel firm, a lead­ing group and the deputy head of John Keells Hold­ings. The mil­lion dol­lars raised by oDoc, which of­fers video con­sul­ta­tions with doc­tors and elec­tronic health records, is the largest seed in­vest­ment round for any startup in the is­land.

oDoc’s app en­ables users to book ap­point­ments, up­load pho­tos of ail­ments and lab tests, and see a doc­tor on de­mand on their smart­phone. The oDoc team started the fundrais­ing ef­forts early this year. It will charge pa­tients a con­sul­ta­tion fee, of which oDoc gets a per­cent­age, and is mulling a subscription model as well. The oDoc app is avail­able in three lan­guages – English, Sin­halese and Tamil. Its im­me­di­ate goal is to get prod­uct-mar­ket fit.

While many star­tups around the world pro­vide sim­i­lar ser­vices, oDoc’s four founders, with their di­verse back­grounds, ap­proached it more from a de­sign per­spec­tive than as a tech prob­lem to solve.

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