MediBuddy contributes ₹14 cr to IIT-Madras incubation cell

MediBuddy, an end-to-end digital healthcare platform, has announced a contribution of ₹14 crore to the Indian Institute of Technology (IIT-Madras) Incubation Cell in its bid to support the entrepreneurial ecosystem.

Set up in 2013, the IIT-Madras Incubation cell is a leading deep-tech startup hub aimed at nurturing and overseeing innovation and entrepreneurship.

MediBuddy co-founders and IIT-Madras alumnus Satish Kannan and Enbasekar were among the first incubatee of the cell.

“The initial ₹5 lakh that was given by IIT Madras truly helped us get started. Today, we are happy that we at MediBuddy are helping a lot of patients across the nation, and we are also able to express our gratitude to IIT with ₹14 crore. This capital, I believe will help at least 250 more startups like us realise their dreams,” Satish Kannan, Co-founder & CEO, MediBuddy said in a statement.

Started in 2013, MediBuddy offers 24×7 access to doctors via video calls, doorstep medicine delivery, at-home lab tests, mental health support, and other integrated healthcare services. The Bengaluru-headquartered startup has a pan-India network of 90,000 doctors, 7,000 hospitals, 3,000 diagnostic centres, and 2,500 pharmacies covering 96 per cent of pincodes across the country.

The IITM Nexus
In a related development, the MediBuddy co-founders featured in a book ‘The IITM Nexus’, which showcases the story of 16 IIT Madras alumni spanning across five decades and their inspiring entrepreneurial journeys.

“This is a proud moment for us, and we hope that this inspires more individuals to startup and wish that the IIT-M Incubation cell continues to help more startups to grow and thrive,” Enbasekar, co-founder and CTO, MediBuddy, said in the statement. The Hindu BusinessLine