MediBuddy Secures $18 Million for Strategic Growth and Acquisitions
Written by Susi, Arushi Sharma
MediBuddy, a healthcare platform, has successfully secured $18 million in funding to support its strategic growth initiatives and potential acquisitions in the industry.
MediBuddy has raised an extra $18 million in investment from current investors Quadria Capital, Lightrock, and TEAMFund. This transaction, which comes on the heels of a $125 million Series C deal in February 2022, will help MediBuddy meet its three-year growth plans, with an emphasis on strategic acquisitions.
Satish Kannan, Co-Founder and CEO, MediBuddy said,
“Our continued partnership with all our investors has been instrumental in MediBuddy’s growth and is helping us solve India’s healthcare needs. MediBuddy’s growth trajectory has consistently achieved a Compound Annual Growth Rate (CAGR) of 95.5 per cent over the past three years. The additional funds will be critical in driving our strategic acquisition initiatives, further expanding our reach, and enhancing the depth and breadth of our services. At MediBuddy, our constant endeavour has been to make high quality healthcare accessible to a billion people. This move further solidifies our stance as a market leader in the digital healthcare landscape.”