Founded by IIT Bombay alumni Nikunj Malpani (ex-Bain & Co.), Anurag Meena (3X Med-tech entrepreneur), and Pratik Lodha (ex-Pwc), Mumbai based NeoDocs lets one order instant lab tests on their smartphone
NeoDocs has raised a pre-seed round from Y Combinator, Titan Capital, and 9Unicorns. Other investors that participated in the fundraise include Gemba Capital, Prophetic Ventures, Rohit MA (Founder, Cloudnine Hospitals), Ramakant Sharma (Founder, LivSpace), Abhishek Goyal (Founder, Tracxn), Bain & Co. partners Arpan Sheth and Prashant Sarin, Nipun Goyal (Founder, LikeMinds), Sumit Chhazed (Founder, Oto Capital) and Dr. Rohit Srivastava (HOD, Biosciences & Biomedical Engineering, IIT Bombay), among others.
Founded by IIT Bombay alumni Nikunj Malpani (ex-Bain & Co.), Anurag Meena (3X Med-tech entrepreneur), and Pratik Lodha (ex-Pwc), Mumbai based NeoDocs lets one order instant lab tests on their smartphone. The platform essentially transforms users’ smartphones into a mini-lab – one can simply take the test, click a picture, and instantly receive the results on their phone. Currently, NeoDocs has tests covering panels including hydration, pH levels, sleep, energy, mood, skin, liver health, kidney health, ketones, UTI, immunity, etc.
Speaking on the fundraise, Nikunj Malpani, Co-founder and CEO, NeoDocs, said, “Testing is shifting to an at-home, instant and high-frequency model. And this shift has been further catalyzed by the pandemic. NeoDocs lets people take control of their health into their own hands, quite literally.”
Anurag Meena, Co-founder and COO, Neodocs, added, “Most common nutritional deficiencies that Indian adults grapple with are due to inadequate consumption of proteins, vitamin D, iron, vitamin B12, and folate. The majority of these people never get to not know about this.” “The tech is now ready to track your biomarkers at home, using your smartphone” added Pratik Lodha, Co-founder and CTO, NeoDocs.
Commenting on the investment, Rohit MA, Founder – Cloudnine Hospitals, added “Today, home sample collection is the fastest growing revenue channel in diagnostics, and is expected to further grow exponentially in the post-covid era. Anurag, Pratik and Nikunj are looking to disrupt the Indian diagnostics industry by bringing the entire lab into one’s smartphone, at a fraction of the cost. Excited to back them and their ambitious vision.”
Source: Business World
