LetsMD operates an online marketplace that enables patients to finance elective surgeries by converting bills into equated monthly installments. Operated by Medbay India Pvt. Ltd, the startup currently serves Delhi, Mumbai and Kolkata and plans to expand to Pune and Bengaluru by the end of the year. The company reported it is growing 30% month-on-month. Financially, LetsMD has been in pre-Series A: it raised $1 million in April led by SRI Capital and ThinKuvate and has taken a further $1 million top-up as part of the same pre-Series A, with the pre-Series A totaling Rs 13 crore. The recent infusion included Rs 4 crore of new equity and secondary transactions involving existing backers. LetsMD plans to use the capital to expand operations and strengthen its tech infrastructure as it prepares for larger institutional rounds.

Total raised

$2M

Funding rounds

2

Latest round

Equity

Latest activity

Oct 2018