ET BureauBy Megha Reddy
BENGALURU: Healthcare startup Qikwell Technologies has raised $3 million (Rs 18 crore) in Series A funding round led by venture capital and private equity firm SAIF Partners. This follows an angel round in which the startup had raised Rs 1.2 crore from half-a-dozen investors, including Amit Somani, Sunil Kalra and Alok Mittal.
The company raised its first angel round in October last year. “This is our first investment in the healthcare start-up space,” said Rohit Jain, principal at SAIF Partners. Set up in 2011 by Krishna Prasad C and Raghavendra Prasad TS, Qikwell runs an e-healthcare site that allows users to search and choose doctors based on area and specialisation.
Users can also view doctor’s availability live, book instant appointments, view appointment status and get alerts in case of delays. Krishna Prasad, founder and CEO of Qikwell, is an IIT Bombay graduate and has previously worked at IBM Research. He was also senior scientist at Yahoo for almost six years before launching Qikwell.
Raghavendra Prasad, founder and CTO, is a computer science engineer, who worked with Honeywell Technologies for around 13 years and has a dozen patents to his credit. “We are trying to help the healthcare eco-system in India become more efficient by increasing the number of patients adoctor can see by 15%, which is huge for our country that has one of the poorest doctor to patient ratios in the world,” said Raghavendra Prasad.
The patient relation management company has booked more than 1 million appointments so far and has more than 1 lakh patient-doctor engagements per month to its credit. Qikwell runs on fees from provider for patient facilitation revenue model.
BENGALURU: Healthcare startup Qikwell Technologies has raised $3 million (Rs 18 crore) in Series A funding round led by venture capital and private equity firm SAIF Partners. This follows an angel round in which the startup had raised Rs 1.2 crore from half-a-dozen investors, including Amit Somani, Sunil Kalra and Alok Mittal.
The company raised its first angel round in October last year. “This is our first investment in the healthcare start-up space,” said Rohit Jain, principal at SAIF Partners. Set up in 2011 by Krishna Prasad C and Raghavendra Prasad TS, Qikwell runs an e-healthcare site that allows users to search and choose doctors based on area and specialisation.
Users can also view doctor’s availability live, book instant appointments, view appointment status and get alerts in case of delays. Krishna Prasad, founder and CEO of Qikwell, is an IIT Bombay graduate and has previously worked at IBM Research. He was also senior scientist at Yahoo for almost six years before launching Qikwell.
Raghavendra Prasad, founder and CTO, is a computer science engineer, who worked with Honeywell Technologies for around 13 years and has a dozen patents to his credit. “We are trying to help the healthcare eco-system in India become more efficient by increasing the number of patients adoctor can see by 15%, which is huge for our country that has one of the poorest doctor to patient ratios in the world,” said Raghavendra Prasad.
The patient relation management company has booked more than 1 million appointments so far and has more than 1 lakh patient-doctor engagements per month to its credit. Qikwell runs on fees from provider for patient facilitation revenue model.
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