Sri Lanka-based healthtech firm ODoc nets $1m in pre-series A round

Sri Lanka-based healthtech firm ODoc announced it has raised US$1 million in its latest round of funding. The company also claimed that its valuation has doubled since its previous funding round, though it refused to disclose a specific figure.

More funding details

• Lead investors:  Techstars, Hustle Fund, and Unpopular Ventures
• Other investors: Dialogue co-founder Cherif Habib and Babajob co-founder Vir Kashyap, among others.
• Stage: Pre-series A

More company updates

• Funds raised from the financing round will be used to expand operations and develop ODoc’s customer experience across the healthcare and insurance verticals in the region.
• ODoc claims it has increased its revenue by 5x in 2020 while maintaining healthy unit economics.
• Currently, the healthtech firm has a network of over 1,000 partner doctors, covering 200,000 people and over 65 corporate offices across Sri Lanka, India, the Maldives, and Cambodia.

For more coverage about the company, head here. You can also click on the link below to view the company’s key details and funding history.