MyDoctor.pk, an online health platform, has announced that it has raised $1.1million in funding. The platform has also officially changed its name to oladoc.com.
MyDoctor.pk was founded in 2016 to make it easy for users to find the best doctors and specialists near them. Moreover, it allows users to book confirmed appointments with top doctors and specialists instantly as a free service. It has over 14,000 PMDC verified doctors listed on its website allowing the users to find the right doctor for their needs across Pakistan.
The company also expanded to include online medicine and lab test ordering to its services.
Commenting on the rebrand, Abid Zuberi, Co-Founder and CEO of MyDoctor said:
While our brand name ‘MyDoctor.pk’ helped us connect with Pakistani users and bring them online for their healthcare needs, we realized its limitations to expand internationally.
We wanted our name to reflect our position as a user-friendly company that is making it easier for users to take care of their health as well as allow us to expand internationally. Therefore, we have taken the decision to rebrand as oladoc.com and jump start our plans to become a global force in the online health sector.
In 2017, MyDoctor.pk helped over 10 lakh Pakistanis find the right doctors and specialists for their medical needs. This traction allowed the company to secure a USD 1.1 million investment in January 2018 from Glowfish Capital, a UAE based venture capital firm with investors from Europe, Middle-East and Asia.
Commenting on the investment, Wim Torfs, Managing Partner at Glowfish Capital said:
We are very excited about being part of the digitization of the Pakistani Health sector, making it easier for patients to find the right doctors and bringing professional digital tools into the Doctors’ practice.
We are committed to be a driving force to further grow and professionalize the industry through oladoc.com. Moreover, we were very impressed by the team and track record of MyDoctor.pk (now oladoc.com) and will support them further with international best practices.
Explaining how this planned investment will impact oladoc.com, Abid Zuberi said:
With our latest round of investment, we will be expanding our services even faster. You will find us adding exciting new services to oladoc.com shortly such as online consultations with doctors.
We will also continue to add more qualified specialists to our panel of doctors who accept online bookings as well as enhance our electronic medical record keeping functionality. Later in 2018, we will also enter new markets overseas.
We are thankful to the doctors who have adopted oladoc to digitize their practices as well as our ever-growing set of users who have provided us with valuable feedback to improve our service offerings and grow at such a fast pace.