oDoc raises $1m in pre-series A funding | Sunday Observer
Healthtech startup

oDoc raises $1m in pre-series A funding

7 March, 2021
From left: CEO Heshan Fernando, Chief Growth Officer Nare Bandaranayake, Chief Medical Officer Dr. Janaka Wickramasinghe and COO Ashik Bari
From left: CEO Heshan Fernando, Chief Growth Officer Nare Bandaranayake, Chief Medical Officer Dr. Janaka Wickramasinghe and COO Ashik Bari

oDoc, a digital health company, has closed a USD 1 million in pre-series A funding at double its previous valuation.

Existing investor Techstars led the investment round along with leading Silicon Valley venture capital firms, Hustle Fund and Unpopular Ventures. Other notable investors included Cherif Habib (co-founder of Dialogue, a Canadian telemedicine start-up with over $50M in ARR), Vir Kashyap (co-founder of Babajob) and LPs Bill and Leonard Lynch.

The investment will be used to expand operations and create a seamless customer experience across the healthcare and insurance verticals in the region.

 The company connects patients with doctors for video consultations and fulfils home diagnostics and medicine delivery.

Managing Partner at Hustle Fund, Shiyan Koh said, “We are pleased to back Heshan and the oDoc team as they have demonstrated grit and capital efficiency. oDoc is taking on one of the most important problems we face - timely and affordable access to healthcare. Consumers’ willingness to use digital health solutions has only accelerated during the COVID-19 pandemic and we see multiple paths to growth here.”

 Co-Founder and CEO of oDoc, Heshan Fernando said, “At oDoc, we strive to make high-quality healthcare universally accessible, affordable and personal. We are excited to transition to the next phase of growth, moving from a startup to a scale-up and thrilled to have some of Silicon Valley’s best venture builders backing us.”

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