Hyderabad: During the second wave of Covid, city-based company PlusPin is looking at providing different tests, medicines, doctor consultation through tele-medicine and medical equipment on rental basis. The startup incubated at Centre for Innovation and Entrepreneurship (CIE) at International Institute of Information Technology Hyderabad (IIIT-H) started off to provide a digital platform for local pharmacists, and over the last four years it has been able to cover different verticals of the healthcare ecosystem.
Founded by Gopal Krishna Panigrahy and Santosh Kumar Panda, PlusPin Healthcare has on-boarded 1,500 pharmacists across Hyderabad, Vizag and Vijayawada. These pharmacists not only get a store app but are also provided with different partners in order to provide online diagnostic test booking facilities and provide medical equipment on rent to patients.
“Other than this, we also help different pharma companies to brand their products on the app and in the physical store. We are also in the vertical of providing any kind of doctor consultation to patients through our telemedicine facility,” said Panda, an ISB alumnus. During the Covid period, the startup has included services like RT PCR home sample collection, doctor consultation for mild symptoms, providing oxygen concentrators on rental basis and also working with different partners like NGOs and civil society groups to get medical equipment.
After raising a seed funding from Indian Angel Network (IAN), the startup is now looking at a pre-Series A round of funding worth Rs 15-20 crore by November 2021. This investment, according to Panda, will be used for expanding the company’s presence to 16 Indian cities with major focus on smaller cities like Warangal, Nizamabad and Nagpur.
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