Y Combinator-backed startup Doctalk raises $5 million via Khosla Ventures and Matrix Partners

Health-care startup DocTalk has raised $5 million in its first institutional round of funding led by Silicon Valley venture fund Khosla Ventures and Matrix Partners India.

Mumbai headquartered Doctalk, which is backed by Y Combinator earlier, also saw participation from other Silicon Valley investors like Liquid2 Ventures, Altair Capital, YS partner Paul Buchheit, Arihant Patni, Apoorva Patni, Vy Capital, among others.

Founded in 2016 by Akshat Goenka, Krishna Chaitanya Aluru and Vamsee Chamarkura, DocTalk is a mobile app, which allows doctors and patients to stay in touch and skip in-person follow-on. Through its interface, users can chat with their doctors, obtain prescriptions and share new reports with them. The platform also services doctors by preventing revenue leakage, while also assisting them in maintaining relationships with patients.

Akshat Goenka, co-founder and CEO, of DocTalk said, “We are looking to hire across departments such as sales, operations and technology as we plan to expand into new cities. We also have to develop a deeper presence in our existing markets.”

Talking about the problem that DocTalk wants to solve, co-founder and CTO Chaitanya Aluru said, “While growing up, I would see my father (who is a doctor) be constantly inundated with calls and messages, only a small fraction of which were emergencies. At DocTalk, we are working hard to simplify and improve doctors’ lives by giving them complete control over their patient communication and practice.”

Operating in Delhi, Mumbai and Hyderabad, the startup claims to have about 500 doctors using its services serving about 30,000 patients. With the latest raised capital, the startup plans to expand its team and onboard hospital chains on its platform.

Earlier in March 2017, DocTalk has been selected as one of the eight Indian startups to be backed by Y Combinator as part of its W’17 batch.