MedTech Startup WonDRx Raises Fund From Venture Catalysts
WonDRx, a digital medical prescription startup, has raised its seed fund by Venture Catalysts, India’s leading and largest incubator investment firm. Though the funding amount is yet to be disclosed, WonDRx, with this fund, is aiming to improve its healthcare solutions equipped with AI.
WonDRx caught the spotlight with a unique way of treating patients by providing digital prescriptions after studying the symptoms and causes of illness. Founded in 2018, WonDRx has become one of the leading MedTech ecosystems. Pankaj Sindhu and Pankaj Agrawal together founded this firm with the crucial objective to cure individuals’ genuine medical problems instantly and precisely.
WonDRx has three mobile applications: WonDRx Consumer App for patients; WonDRx Provider App for healthcare solutions; and WonDRx Doctor App for doctors. It is equipped with a visual and audible feature for better clarity of prescription and conveys the critical instructions of a doctor and the cause of sickness.
It has a prescription record as well as medical history and personal health information saved to provide quick accessibility and concise medical aid to the patient. This kit also has a feature called “health care services nearby” for instant connection to doctors around.
Venture Catalysts Pvt Ltd is an India based first angel investor firm founded in 2016. It invests $500K to $1million in the startups tends to be fruitful in the future. Gaurav Jain, Anil Jain, Apoorv Ranjan Sharma, and Anuj Golecha founded this incubatory firm with the approach of supporting budding entrepreneurs by funding, mentoring, and networking with successful entrepreneurs. It is spread across different Indian cities like Mumbai, Delhi, Nagpur, Bengaluru, Kochi, Surat, Lucknow, Kolkata, Jaipur, Raipur. Besides, it has an international network including Dubai UAE and Hong Kong.
Venture Catalysts supports startups that are beneficial for society and economically week, Dr. Apoorv Ranjan Sharma, Founder of Venture Catalysts, said. Recently, it is focusing more on healthcare startups for uplifting the MedTech sector. Wishing to build a profitable healthtech organization, it indulges in the investment in WonDRx.
“We believe WonDRx is highly potent and can be a leader in a short duration,” Sharma adds.