LetsMD

Healthcare Lending Startup LetsMD raises USD 1 Million in Pre-Series A funding via Enablers

Delhi-based healthcare lending startup LetsMD has raised USD 1 Million in a Pre-Series A funding round led by SRI Capital. The round also saw the participation of existing investors Waterbridge Ventures along with Thinkuvate. The proceeds from the round will be used to scale up its Pan-India operations.

Enablers, an undertaking of ValPro, worked end-to-end on the fundraising transaction for LetsMD. The scope included identifying and reaching out to the investor as well as assisting in closure of the definitive agreements.

Founded in 2013 by Tenzin Thargay, Nivesh Khandelwal and Prakhar Gupta, LetsMD gives financial access to people for tertiary level healthcare needs. It uses technology to generate loans faster and cater to a wide segment of borrowers who traditionally depend on private sources at exorbitant interest rates.

With the aim of improving financial access in the healthcare space, LetsMD has tied up with more than 200 reputed hospitals and super speciality chains like Fortis Healthcare, BLK Hospital and Apollo Hospitals in the Delhi-NCR region so far.

Coverage link:

Hindu Business Line: https://www.thehindubusinessline.com/news/sri-capital-invests-1-mn-in-letsmd/article23501641.ece

United News of India: http://www.uniindia.com/letsmd-raises–1-mn-in-pre-series-a-funding-from-slew-of-investors/states/news/1196488.html#7FFUujtzPDu8AMJH.99

Telangana Today: https://telanganatoday.com/sri-capital-leads-investment-letsmd