About BestDoc
BestDoc is a company based in Kochi (India) founded in 2016 by Fayaz Bin Abdu and Afsal Salu. It operates as a SaaS (Software-as-a-Service), and HealthTech. BestDoc has raised $2.61 million across 4 funding rounds from investors including Accel, Seafund and Arkam Ventures. The company has 20 employees as of April 08, 2024. BestDoc offers products and services including BestDoc Practice, BestDoc Concierge, and BestDoc Survey. BestDoc operates in a competitive market with competitors including Zocdoc, Kivi Health, Qikwell, Clinikk and Justkare Tech, among others.
- Headquarter Kochi, India
- Employees 20 as on 08 Apr, 2024
- Founders Fayaz Bin Abdu, Afsal Salu
- Stage Minicorn
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Sectors
HealthcareTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Bestdoc Technology Private Limited
- Date of Incorporation 14 Jun, 2016
- Jurisdiction Ernakulam, Kerala, India
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Annual Revenue
$241.73 K (USD)62.77as on Mar 31, 2022
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Net Profit
$-812.67 K (USD)-194as on Mar 31, 2022
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EBITDA
$-836.21 K (USD)-170.81as on Mar 31, 2022
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Total Equity Funding
$2.61 M (USD)
in 4 rounds
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Latest Funding Round
$2.1 M (USD), Seed
Sep 04, 2020
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Investors
Accel
& 22 more
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Employee Count
20
as on Apr 08, 2024
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Products & Services of BestDoc
BestDoc offers a comprehensive portfolio of products and services, including BestDoc Practice, BestDoc Concierge, and BestDoc Survey. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Outpatient experience is managed through digital engagement tools.
Inpatient requests are handled for enhanced care delivery.
Patient feedback is collected via omni-channel digital platforms.
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Funding Insights of BestDoc
BestDoc has successfully raised a total of $2.61M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $2.1 million completed in September 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Seed — $2.1M
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First Round
First Round
(12 Sep 2016)
- Investors Count 23
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Seed - BestDoc | Valuation | Arkam Ventures , Accel | |
| Jun, 2018 | Amount | Seed - BestDoc | Valuation | Mahfood Alqatari , Mahfood Alqatari | |
| Jan, 2018 | Amount | Angel Round - BestDoc | Valuation | Shahul Hameed |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in BestDoc
BestDoc has secured backing from 23 investors, including venture fund and angel investors. Prominent investors backing the company include Accel, Seafund and Arkam Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Tech-enabled sectors are invested in by the venture capital fund.
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Founded Year | Domain | Location | |
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Venture capital investments in deeptech startups, providing capital and strategic support in Bangalore.
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BestDoc
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - BestDoc
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bestdoc Comparisons
Competitors of BestDoc
BestDoc operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zocdoc, Kivi Health, Qikwell, Clinikk and Justkare Tech, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Healthcare appointments are booked online via Zocdoc's platform.
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| domain | founded_year | HQ Location |
Healthcare marketplace for appointment booking
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| domain | founded_year | HQ Location |
Online doctor appointment booking platform
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| domain | founded_year | HQ Location |
Primary healthcare services are offered via annual membership plans.
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| domain | founded_year | HQ Location |
Healthcare accessibility is enhanced through technology-driven digital solutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bestdoc
Frequently Asked Questions about BestDoc
When was BestDoc founded?
BestDoc was founded in 2016.
Where is BestDoc located?
BestDoc is headquartered in Kochi, India. It is registered at Kochi, Kerala, India.
Who is the current CEO of BestDoc?
Afsal Salu is the current CEO of BestDoc. They have also founded this company.
Is BestDoc a funded company?
BestDoc is a funded company, having raised a total of $2.61M across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $77.62K, raised on Sep 12, 2016.
How many employees does BestDoc have?
As of Apr 08, 2024, the latest employee count at BestDoc is 20.
What is the annual revenue of BestDoc?
Annual revenue of BestDoc is $241.73K as on Mar 31, 2022.
What does BestDoc do?
BestDoc is focused on delivering patient relationship management solutions tailored for hospitals and healthcare providers. The company operates in the HealthTech sector, offering digital tools to enhance patient experience across inpatient and outpatient services. Solutions provided include omni-channel engagement, multi-lingual support, and modular configurations for seamless integration with hospital systems. Operations span across India and the UAE, serving over 200 hospitals with a reach of more than 10 million patient engagements.
Who are the top competitors of BestDoc?
What products or services does BestDoc offer?
BestDoc offers BestDoc Practice, BestDoc Concierge, and BestDoc Survey.
Who are BestDoc's investors?
BestDoc has 23 investors. Key investors include Accel, Seafund, Arkam Ventures, Mahfood Alqatari, and Nittu Thomas.
What is BestDoc's valuation?
The valuation of BestDoc is $9.49M as of Sep 2020.
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