DocPlix, a health-tech startup, announced on June 6 that it has secured Rs 1.2 crore in funding from Inflection Point Ventures (IPV) in a bridge round. The investment round, which focuses on further financing, was spearheaded by IPV.

The startup intends to allocate the new capital towards the development of its products, enhancing AI capabilities, and expanding its market presence.

Inflection Point Ventures, an angel investing network, boasts over 14,000 high net-worth members who invest in startups and provide both financial and experiential support.

DocPlix is committed to digitalizing the health records of India's 1.4 billion population in accordance with the Ayushman Bharat Digital Mission (ABDM). The company operates an Electronic Health Record (EHR) system that ensures the secure and interoperable handling of patient data.

Vinay Bansal, founder-CEO of IPV, highlighted the significance of the ABDM government initiative and DocPlix's pivotal role in advancing tech-integrated healthcare systems, which are crucial for enhancing patient diagnosis and treatment. He noted that IPV invests in tech-driven companies that make significant real-life impacts.

DocPlix reports a 93% renewal rate and is expanding its customer base, particularly in tier-2 and tier-3 cities, addressing significant healthcare needs.

Dr. Varun Garg, co-founder and CEO of DocPlix, shared their vision of becoming India’s leading EHR provider by utilizing advanced technologies like AI and data analytics to revolutionize healthcare delivery. With IPV's backing, the company is well-positioned for international expansion, starting with the USA, while continuing to innovate in the healthcare sector.

The company also launched its proprietary AI model, Pāṇini, and has established a network of over 3,000 doctors, making it a prominent player in Uttar Pradesh and Uttarakhand.