Digisparsh plans to raise ₹200 crore


The company said it is already testing some of these stands in some Tier 2 markets in central India.

The company said it is already testing some of these stands in some Tier 2 markets in central India.

Digisparsh, a healthcare fintech, plans to raise £200m over two years to meet its investment plans.

“We plan to raise £50m by the end of this financial year and another £150m next year,” said Saurabh Soni, co-founder of Digisparsh.

He said the company has raised a seed round from GoAhead Ventures in the past.

The company plans to work with the government and municipal companies to set up digital hop-in hop-out doctor’s booths, which are widely known across Europe.

“A customer enters this booth, enters their identification data and has their vital signs checked by a machine/nurse. The data is then sent to a telehealth provider where they can get advice, get money if needed in the same cabin or go to the nearest registered hospital/pharmacy/bank for further assistance in case of critical complaints”, he called.

The company said it is already testing some of these stands in some Tier 2 markets in central India.

Establishing these FinHealthTech booths in rural India will help ensure further penetration of health services, he said.

“We are very interested in working with telecom operators and NBFCs to set up these booths. Only such efforts combined with technology and innovation across three different ecosystems will help further improve the affordability and accessibility of healthcare services in India,” he said.

The Company offers credit products, including accounts receivable financing, supplier financing and patient financing, across the healthcare ecosystem value chain.

This includes patients, hospitals and suppliers.

“We believe that everyone should have the right to access funds for medical emergencies 24/7, and therefore it is important to implement an end-to-end digital solution that a customer can access at any time,” said Mr. Soni.

“DigiSparsh solves this core problem we face today, ensuring no one ever has to make a choice between life and money,” he added.

The company said it has developed a digital platform that provides access to all types of medical credit by connecting with patients through healthcare aggregators and hospitals.

She said she plans to be India’s first healthcare neo-bank in the future. This means having a null branch, a digital bank solely focused on the healthcare and medical industries.

It also plans to become the largest financial services provider to the healthcare sector and achieve its goals through a partnership model.

“We want to partner with healthcare aggregators, who in turn will help us onboard hospitals, suppliers and patients and connect them to lenders, with the right products to ensure timely access to funds,” Mr Soni said.

So far it has onboarded over 200 hospitals directly and through aggregators and disbursed more than £2.6million during the pandemic years.

Some of its partners are Practo, Ayu, Glamyo, Nict, We Assist, Bima Garage, Xpertcure, Medfin, Pelvitic, Biddano and Ziffy. Our lending partners are Liqui Loans & Thar Finance.

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