Stride Ventures leads Rs 25 Cr debt round in MediBuddy

Stride Ventures, one of India’s leading venture debt funds, has led a debt round of Rs 25 crore in Bengaluru-based startup MediBuddy that helps its users consult specialist doctors, order medicines and book lab tests from the comfort of their homes. It is also a partner to several leading corporate customers in the country and helps their employees access multiple healthcare benefits. Stride’s continuing preference for businesses with strong fundamentals and scalability will see it become a strategic partner in MediBuddy’s growth journey. With a partner network of over 90,000 doctors, 7000 hospitals, 3000 diagnostic centres and 2500 pharmacies covering 95 per cent pin-codes in India, MediBuddy has catered to the healthcare needs of three crore Indians and attends to the needs of over 35,000 Indians daily across the length and breadth of the country. The digital healthcare platform will utilise the funding in further strengthening its technology, operations and marketing to move a step closer to its mission of providing high-quality healthcare to a billion people.