Healthintel Services, a tech company, which provides the eprescription-based application for doctors for an efficient patient and clinic management has raised an undisclosed amount of growth capital from BLIP Initiatives. BIORx Ventures Advisors acted as an exclusive transaction advisor on behalf of HSPL.
“The growth capital secured is sufficient to fuel the operations for the next 15-18 months. The funds will be primarily used for expansion in 8-10 cities over the next 12 months,” Sameer Bhalla, cofounder of HealthIntel said.
HealthIntel was founded in 2015 by Sameer Bhalla, who is an IITDelhi alumni and has previously worked with companies like HCL, Cognizant and Infosys, leading sales in their pharma healthcare space in the USA and India.
The tech-enabled startup, HealthIntel serves both doctors and patients with clinic automation and delivery of medicines. The company has set up a dedicated call centre with pharmacists to take phone orders, application based orders and website orders. HealthIntel has its own pharmacies and does not work as an aggregator in any region. It is consolidating its presence in Northern India, especially in Uttar Pradesh and DelhiNCR, and soon plans to expand in other states such as Haryana, Punjab and Gujarat.
On the other hand, BLIP was co-founded by Nitin Gupta, an ISB alumni and a former investment banker, along with SC Sehgal, promoter of Ozone Ayurvedics, owner of erstwhile brand `No Marks’ -India’s largest selling anti-mark product.
Commenting on the growth fund Nitin Gupta said, “The accelerator plans to leverage its understanding and relationships in the healthcare business to guide the business expansion over the next 12-18 months.”
BLIP is a special purpose vehicle and a one-of-its-kind accelerator that provides strategic tie-ups as well as funding support, with interests in health tech, beauty and consumer product startups at the commercialisation stage.
Other startups in this sector include NetMeds, CareOnGo, Lybrate, Practo etc.