PurpleDocs raises first round of funding

Our Bureau Ahmedabad | Updated on January 16, 2018

Health records management firm eyes NCR, Karnataka, Maharashtra markets

Vadodara-based patient records-management firm PurpleDocs has raised its first round of funding from Ahmedabad-based investors KellyGamma and Lead Angels. The firm plans to expand beyond Gujarat.

PurpleDocs, which provides cloud-based healthcare records to hospitals, has offices in prominent cities in Gujarat through tie-ups with 60 hospitals. The company is now planning to enter new markets such as NCR, Karnataka and Maharashtra next year.

Apart from expansion, the capital will be used for further investment in the firm’s proprietary technology platform.

“We have about 5,00,000 patients’ records from across these 60 hospitals, providing doctors with easy and quick access to patients’ medical history,” said Deepak Gupta, founder and CEO, PurpleDocs.

PurpleDocs uses intelligent data analysis and statistical reporting to make searching of records and responding to queries simple and efficient.

The start-up is also planning to develop platforms to provide better diagnosis and research, and a mobile-based access to medical reports.

The prevalence of healthcare records management as an integrated technology solution is still at a nascent stage in India. Today, more than 10 crore new patient records are generated in the country annually, added Gupta, pointing to a significant business potential in the field.

“In the next three years, we plan to capture 6-7 per cent market share,” he said.

“What Deepak and the team have developed over the past few years, including customer penetration, is impressive, and we are excited to be working together to create a leader in the healthcare-records domain in India,” said Sharvil Parikh, Investment Manager at KellyGamma Fund One.

Published on September 22, 2016

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