Lucknow: Health-tech innovator Docplix has successfully raised INR 1.2 Crore in a Bridge Round, with Inflection Point Ventures (IPV) leading the investment. The new funding will be allocated to product development, AI integration, and market expansion. The company plans to enhance its Electronic Health Record (EHR) system, incorporate advanced AI capabilities for improved decision support and patient care, and extend its market reach to larger clinics and hospitals.

Docplix aims to revolutionize healthcare in India by digitizing health records for the country’s 1.4 billion population. Its ABDM-compliant EHR system ensures secure and interoperable patient data management. The standout feature of Docplix is its integrated Decision Support System (DSS), which leverages data analytics to help healthcare professionals make informed decisions. Additionally, the company’s innovative visualization tools simplify patient data, improving both patient care and clinic efficiency. Docplix is committed to creating a more efficient, transparent, and patient-centric healthcare system in India.

Founded by a team of experienced professionals—Dr. Varun Garg, a dentist with over 10 years of experience; Aayush Garg, a tech expert with over 8 years of experience; and Dr. Ajay Shukla, an endocrinologist with extensive field experience—Docplix boasts a leadership team with deep expertise in both healthcare and technology.

Vinay Bansal, Founder & CEO of IPV, highlighted the significance of the Ayushman Bharat Digital Mission, which aims to create a health ID repository for all citizens to facilitate information exchange between doctors and patients. He emphasized that Docplix’s mission to integrate technology into healthcare aligns with IPV’s investment philosophy of supporting tech-driven companies that bring real-life improvements.

Docplix has established itself as a leader in digital healthcare solutions, serving over 2,000 doctors and extending its reach through programs and remote clinics in tier-2 and tier-3 cities to address healthcare needs in underserved areas. The company is experiencing rapid growth with a strong customer base and a renewal rate of 93%. Docplix plans to expand globally, starting with the USA in late 2024, aiming to enter lucrative and technologically advanced markets to further amplify its impact.

Dr. Varun Garg, Co-Founder & CEO of Docplix, stated, “Our goal is to become the leading EHR provider in India, leveraging advanced technologies like AI and data analytics to transform healthcare delivery. With a strong foundation and the support of IPV, we are poised to scale globally, starting with the USA, while continuously innovating to meet the evolving needs of healthcare professionals and patients.”

Docplix has achieved significant milestones, including the launch of its proprietary AI model, Pāṇini, and building an ecosystem with over 3,000 doctors. It has emerged as a market leader in Uttar Pradesh and Uttarakhand. The Indian EHR market, valued at approximately $414 million in 2022, is projected to reach $900 million by 2030. Globally, the EHR market, valued at $25 billion in 2022, is expected to grow to $40 billion by 2032. The Indian Lifestyle & Wellness market, valued at $1,300 billion in 2024, is forecasted to reach $9,245.8 billion globally by 2033.