Funding · Healthcare & Life Sciences
MyRx raises seed funding led by SteerX VC
By Startup Enthusiast ·
- Date
- Company
- MyRx
- What it does
- Doctor-led primary healthcare infrastructure platform
- Kind
- Funding
- Amount
- Undisclosed
- Stage
- seed
- Based in
- Hyderabad
- Founded
- 2019
What they do
MyRx combines a doctor network with teleconsultation technology and clinical workflow management to deliver primary healthcare services
What happened
The company secured an undisclosed seed funding round led by SteerX VC to expand its clinical network
Why it matters
The fresh capital will help MyRx strengthen its technology systems and scale its digital clinic infrastructure across regions
The details
- Primary healthcare infrastructure startup MyRx has secured an undisclosed amount in a seed funding round.
- The investment round was led by venture capital firm SteerX VC to support the company's next phase of growth.
- Operated by Platinoid Technologies, the startup integrates a doctor network with teleconsultation, electronic prescriptions [digital prescriptions sent directly to pharmacies or patients], and clinical workflow systems.
- The company currently handles approximately 35,000 teleconsultations daily while recording a 15% month-on-month growth rate.
- Medical personnel reach out to patients quickly, with nine out of ten initial calls answered within 30 seconds, while complete clinical procedures finish in under 179 seconds on average.
- The newly acquired capital will be deployed to expand the existing doctor network and enhance technological capabilities.
- MyRx intends to develop its digital clinic model to connect remote virtual consultations with physical access points.
The bigger picture
- The funding aims to address gaps in primary care accessibility by reducing travel times and scheduling constraints for patients.
- The company positions itself as a shared infrastructure layer allowing enterprise partners to integrate healthcare services.
About the business
- MyRx provides a cloud-based SaaS [software as a service; software delivered over the internet on a subscription basis] application designed for medical practitioners.
- The software features a comprehensive database containing over 400,000 medications complete with dosage guidelines and safety warnings.
- Healthcare providers can generate custom digital prescriptions [e-prescriptions], manage patient records, and schedule appointments through the portal.
- The platform includes HIPAA compliance [Health Insurance Portability and Accountability Act; a US standard for protecting sensitive patient data] to ensure data security.
- Revenue is generated through subscription plans offering features such as customized practice websites, digital appointment management, and automated patient alerts.
What happens next
- Expand the company's doctor network and clinical quality systems.
- Strengthen enterprise integrations and develop the digital clinic model.
The deal
- Type
- seed
Investors
- SteerX VC (lead) — Venture capital firm that led the seed funding round for MyRx.
Founders
- Sourav Das, Co-founder
- Surjit Das, Co-founder
- Neel Rath, Co-founder
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