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Wed 12 Feb 2020 02:08 PM

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UAE instant doctor booking app secures $10m funding for expansion

Okadoc says it will expand operations into Saudi Arabia and is planning to enter more GCC countries next year

UAE instant doctor booking app secures $10m funding for expansion

Okadoc’s cloud-based platform is designed to help patients find a doctor according to various parameters including insurance network, location, specialty, language spoken, or gender.

Okadoc, the UAE-based instant doctor appointment booking platform, has closed its $10 million Series A round, following a $2.3 million seed round in 2018.

The latest fundraising round is the largest heathtech Series A in MENA and investors included Abu Dhabi Investment Office (ADIO) and Ithmar Capital Partners.

With this investment, Okadoc, which was named start-up of the Year at the annual Arabian Business Start-up Awards last year, said it will launch telemedicine, enabling doctors to offer remote virtual consultations to their patients.

Okadoc has also entered into a partnership with Dubai Healthcare City (DHCC) and has further on-boarded some of the UAE’s leading healthcare providers, such as Medcare, Aster Hospitals, Emirates Healthcare Group.

After rapid expansion in the UAE during the last two years, Okadoc said it will also expand operations into Saudi Arabia and is planning to enter more GCC countries next year.

In Indonesia, Okadoc has also recently launched a tailored version of its platform to tackle local healthcare challenges in the country, where the company has strong roots since setting up an office in Jakarta in 2018.

Okadoc’s cloud-based platform is designed to help patients find a doctor according to various parameters including insurance network, location, specialty, language spoken, or gender. It is free and available across www.okadoc.com or the app for iPhone and Android.

Okadoc said it also helps doctors, clinics, and hospitals reduce 'no-shows', optimize their bookings, reduce administrative costs, increase operational efficiency and attract and engage new patients.

Fodhil Benturquia, founder and CEO of Okadoc, said: “Our mission at Okadoc is to build and deploy technologies to improve the healthcare experience for everyone involved. We are fixing the broken patient experience that exists today while at the same time improving operational efficiency for payors and providers.

“We launched our instant booking feature in the UAE a year ago, and in this short time we have managed to on-board over 1,000 bookable doctors from 70 specialties in healthcare facilities across all seven emirates,” said Benturquia.

“We wanted to continue this great momentum, expand in other markets and introduce new functions, so we felt that the time is right to raise more capital to enable us to do so,” he added.

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