Pakistan’s oladoc raises $1.8M to help patients pick and access healthcare services instantly.
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Pakistan-based doctor booking and teleconsultation platform oladoc has successfully raised $1.8M in its latest funding round. The Pre-Series A round was led by Sarmayacar Ventures along with participation from Doha Tech Angels and other angel investors. The round was closed in 2021, however, the official confirmation has been made today.
Founded in 2016 by Abid & Arif Zuberi, oladoc is Pakistan’s leading doctor booking platform with a network of 8,000 doctors spread across 10 cities. The platform puts the power in the hands of patients by giving them the ability to search, book, rate, and review healthcare providers. In addition, the platform also provides its users the ability to order lab tests as well as save their medical history in the application.
With pressures from the global pandemic, HealthTech spaces across EVMs honed geared up along with a surge in funding and investor interest. In Pakistan, following a funding surge that crossed the $5M mark in 2020, Pakistan-based HealthTech startups observed a 21% YoY growth in funding despite a 2-deal drop in 2021. Over the past year, sizable investments have been backing Pakistan-based HealthTech pioneers working on setting up digital healthcare infrastructures, providing online teleconsultations, and creating online marketplaces. Of these investments were sizable rounds closed in 2021 by HealthTech startups HealthWire, Ailaaj, Marham, Dawaai, and Sehat Kahani.
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Oladoc has served more than 15 million users in the last 3 years and currently has more than 300,000 verified patient reviews online. Speaking on the fundraise, Co-founder Abid Zuberi said, “oladoc is on a mission to empower patients by making healthcare accessible, transparent, and affordable for the masses. We have seen phenomenal growth in the last 12 months and with the fresh funding round, aim to evolve into a digital health mall that serves patients’ needs across the complete life cycle.”
Zuberi shared that with this latest investment oladoc plans to scale its current value proposition along with bringing in seasoned C-level leadership to the team, to help scale the organization faster. Reflecting on this stellar funding round, Rabeel Warraich, the founder and CEO at Sarmayacar, concluded, ‘We are excited to partner with oladoc on their journey to provide quality healthcare to everyone in Pakistan. Oladoc’s team has demonstrated strong on the ground execution, helping establish oladoc as the No.1 Doctor booking platform in Pakistan. We look forward to working with the founders to accelerate oladoc’s growth and unlock the full market potential.”
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