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Shopify for healthtech, Prescribe, raises seed funding from Titan Capital, others


Healthtech company Prescribe on Thursday said it has raised Rs. 1 crore in a seed funding round led by Titan Capital and other marquee groups of investors including Angel list syndicate and Curofy founders.


The company in a statement said the funds will be used to grow the sales team, engage in strategic partnerships with pharmaceutical companies and HIS providers in order to reach 500 plus hospitals in six months. Prescribe is a healthtech company offering a Shopify model for healthcare institutions like hospitals, clinics, pharmacies, labs, etc.


The company provides services to hospitals by leveraging online platforms like WhatsApp and helps them to increase revenue, increase efficiencies, and customer delight. Prescribe’s AI-based platform enables interaction between hospital/clinic administration, doctors, and patients without the need of downloading any new app. It enables healthcare institutions to manage patients, increase medicine sales, and lab bookings.


“We are delighted to receive this tremendous support from the investors who not only provided us their financial support but at the same time who understands our business model,” said Nived Narayanan, Co-founder & CEO, Prescribe, in a statement.


He further added that India has a huge divide in terms of care provided in the rural areas and there is a huge push by the government to solve this with the new NDHM policies. “We are at the forefront to provide digital tools required to enable world-class medical care in every village of the country. This will help us to make every effort to identify challenges in the Indian healthcare industry and solve them with technology.”


Bipin Shah, partner at Titan Capital said, “Prescribe has really done a commendable job of bringing hospital-OPDs online and giving better access to patients. With everything transforming to digital, especially amidst COVID, Prescribe is very relevant for the healthcare industry.”


According to Kushal Bhagia, CEO – Firstcheque.vc , the ability to connect doctors to their patients on WhatsApp helps save time and offers patients convenience and choice of quality healthcare in the comfort of their own homes.

Shopify for healthtech, Prescribe, raises seed funding from Titan Capital, others Shopify for healthtech, Prescribe, raises seed funding from Titan Capital, others Reviewed by TechCO on 11/20/2020 Rating: 5

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