Healthcare communication and delivery platform Lybrate today announced that it has secured $10.2 million in Series A funding from Tiger Global Management, Ratan Tata, Chairman Emeritus of Tata Sons, and existing investor Nexus Venture Partners. The company plans to utilize the funds to develop products, recruit talent, augment technology and scale operations.
Founded in 2013 by former professionals from Facebook and Snapdeal, Lybrate’s communication healthcare platform brings patients and doctors closer, bridging the gap between them. Lybrate enables patients to communicate anonymously with doctors via a mobile app or online from anywhere and anytime, by seamlessly connecting doctors and patients through its health app and letting them talk.
Saurabh Arora, CEO, Lybrate, identifies the gravity of the potential risks of not having a physician’s input. To give a shape to his futuristic vision, he left his job at Facebook in the U.S. and moved to India to incorporate Lybrate. He says,
We ignore our health and rush to take a call at delayed stages when the disease has progressed to serious levels. The tendency to consult chemists because of time constraint and inertia to visit a doctor is rampant and lead to risky behavior of self-medication. This is even more aggravated outside metros where accessibility of doctors is itself a challenge. Thus, by connecting doctors to the population and letting them communicate, we are trying to solve the fundamental problem and transform the way healthcare is being delivered in India.