Doctor Insta to raise $1 m

Gurgaon-based Doctor Insta, a video-medicine consultation platform, is planning to seek new investment funding of $1-2 million for its further growth by this quarter. The company has earlier received pre-Series A funding of $500,000.

Speaking to Deccan Herald, Amit Munjal, CEO, Doctor Insta said, “We already have around one lakh registered users with 1.3 lakh downloads. We are growing at over 15% month-over-month. With this growth, we wish to bring on-board at least one million users for telemedicine service in the B2B2C spectrum by the end of 2016.”

Sharing about its B2B2C offerings, Munjal noted that the company has tiedup with India’s prominent corporates including Mahindra, Punj Lloyd, InfoX, FinEdge  and American Express to provide instant medical video consultations to their employees.

The aim of this collaboration is to reduce irregular medical leave of employees and thereby enhancing productivity of the firm and in turn, the nation.

GMV to increase

Currently, the company’s specialists consult patients who are looking for help on conditions or symptoms related to — osteoporosis, thyroid, chronic muscle pain, chronic joint pains, back / body pain, inflammation, migraine, arthritis, sciatica, hair fall, genetic conditions, ear, infection, sprains and strains, among other ailments. For each consultation, patients will be charged Rs 400. “Our gross merchandise value (GMV) in the last 4-5 months has been under Rs 1 crore,” he added.

250 doctors on board

Started in November 2015, with an objective to improve the quality of healthcare services by providing it at one’s fingertips, Munjal said that the company is looking at having over 250 doctors on board by the end of 2016, to consult five million consumers, who are expected to be the Doctor Insta app users on mobile.

Sharing future plans, Munjal said, “Our aim is to save close to 10,000 man hours by providing 2,500 consultations every day, by the end of the year. Besides, we will be taking our services offline to create unique 500 emergency medical consultancy kiosks across eight metros to provide quality healthcare in public areas with high footfalls.”