Pol­i­cy­bazaar in­vests $50M in health­care biz

BioSpectrum (India) - - FINANCE NEWS -

DocPrime, the lat­est health­care ven­ture by Pol­i­cy­bazaar and Pais­abazaar par­ent EtechAces Mar­ket­ing and Con­sult­ing (Pol­i­cy­bazaar Group), has re­ceived an ini­tial in­ter­nal fund­ing of $50 mil­lion from the par­ent com­pany. In June 2018, the Pol­i­cy­bazaar Group marked its en­try into the health­care busi­ness with DocPrime, while an­nounc­ing a de­lay in its IPO plans as well. This was also a time when the Pol­i­cy­bazaar Group raised more than $200 mil­lion fund­ing led by SoftBank Vi­sion Fund and In­foEdge. DocPrime is a monthly sub­scrip­tion ser­vice that will pro­vide com­plete cov­er­age of out­pa­tient depart­ment (OPD) ex­penses in­curred by users, cov­er­ing all doc­tor calls, med­i­cal checks, and tests, bar­ring surg­eries and phar­macy-re­lated ex­penses. Its core of­fer­ings in­clude free con­sul­ta­tion ser­vices through chat and phone with in-house doc­tors and of­fer dis­counted doc­tor and lab ap­point­ment book­ings to en­cour­age con­sumers to seek ex­pert med­i­cal ad­vice and get the right treat­ment health­care in a timely man­ner. The plat­form also aims to bring in a unique OPD sub­scrip­tion-based prod­uct, which will cover un­lim­ited con­sul­ta­tions and di­ag­nos­tic tests.

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