Oladoc, a Pakistani platform for booking doctor’s appointments and healthcare teleconsultation, announced on Friday that it has secured $1.8 million in a Pre-Series A investment.
According to Oaldoc, the investment was headed by Sarmayacar Ventures, with participation from Doha Tech Angels and other angel investors. While the round was concluded in 2021, the formal confirmation of the funding was made today (Friday).
The statement quoted Sarmayacar founder and Chief Executive Officer Rabeel Warraich as saying: “We are excited to partner with Oladoc on their journey to provide quality healthcare to everyone in Pakistan. Oladoc’s team has demonstrated strong on the ground execution, helping establish Oladoc as the number one doctor-booking platform in Pakistan.”
“We look forward to working with the founders to accelerate Oladoc’s growth and unlock the full market potential,” he added.
Oaldoc, which was formed by Abid Zuberi and Atif Zuberi, has a network of 8,000 doctors dispersed over 10 cities in Pakistan, according to the statement.
“The platform puts the power in the hands of patients (versus doctors), by giving them the ability to search, book, rate and review healthcare providers. In addition, the platform also provides its users the ability to order lab tests [and] save their medical history in the application,” the statement read.
Oladoc has serviced more than 15 million people in the previous three years, according to the company, and had more than 300,000 verified patient ratings online at the time.
“Oladoc is on a mission to empower patients by making healthcare accessible, transparent and affordable for the masses,” the statement quoted Abid as saying.
The platform’s founder said the company had seen “phenomenal growth” in the past 12 months and “with a fresh funding round, [it] aims to evolve into a digital health mall that serves patients’ needs across the complete lifecycle.”
Oladoc intended to scale its present value proposition while also bringing in seasoned C-level leadership, which includes executive-level managers, to help the company grow more quickly, he continued.