Healthcare startup Idea Bubbles raises stage funding

Bengaluru-based online health-tech startup Idea Bubbles Consulting has raised $700,000 (Rs 4.5 crore) from 1Crowd, an early stage funding platform health, Eureka Forbes and Shapoorji Pallonji & Co. The startup, founded by  IIT Delhi-IIM Calcutta alumnus and serial entrepreneur Gururaj Potnis, has developed Eureka Forbes Good Health (EFGH) platform that enables teleconsultation between doctors and patients in a digitised fashion.

In a statement, the company has claimed to have 12,000 patients and 600 doctors on its platform and has already completed 1,000+ transactions.

“Our vision is to tie-in the ‘doctor to patient’ and ‘industry to doctor’ loops seamlessly to deliver an integrated healthcare ecosystem. The strength of the Eureka Forbes brand and access to the largest field force of 8,000+ Eureka Forbes sales team in India is what makes us stand apart in consumer recall and trust,” Gururaj Potnis, CEO, Idea Bubbles said in a statement.

“We were swift to spot the disruptive potential in Idea Bubbles’ business model and Gururaj’s vision, coupled with the proportion of the healthcare market that continues to be underserved in the Indian context. Moreover, this collaborative effort stands out in the light of our partnership with Eureka Forbes in addition to Idea Bubbles, and the three of us are together aligned to create a healthcare enterprise with pan India presence,” Anup Kuruvilla, co-founder, 1Crowd added.

The fundings will be used to expand their operations and widen the doctor-patient-pharma scale.