Remedico

Remedico, operating under the legal entity Blackburn Technologies Private Limited, is a health-tech entity in the Indian digital health market, specializing in dermatological care. The company was founded in 2016 by Ranjit Bhatia and Shobha Bhatia, with Ranjit Bhatia serving as the CEO. His professional background includes roles as the former Vice President of Product at Craftsvilla and experience at Sequoia, which informed the company's data-driven and consumer-centric approach. Remedico targets the Gen Z and millennial demographic in India, with a particular focus on extending its services to consumers in tier-2 and tier-3 cities who have limited access to specialized medical treatments.

The company's business model is structured as a full-stack, mobile-based telemedicine platform that manages the entire patient journey. Revenue is generated through digital consultations and the sale of its own line of branded skin and hair care products, which was launched in 2020. The service allows users to consult with registered skin and hair specialists via a mobile app. Patients upload photos and provide details about their condition, after which they receive a personalized treatment plan and prescription from a doctor. The platform addresses a range of conditions such as acne, hair fall, pigmentation, eczema, and psoriasis. To support diagnosis and treatment, Remedico utilizes AI and machine learning for the predictive analysis of skin and health issues, aiming to improve the efficiency and effectiveness of the care provided.

Since its inception, the company has secured approximately $1.14 million in funding over three rounds, attracting a diverse group of investors. Key funding events include a seed round of $500,000 in October 2019 and a bridge round of Rs. 4 crore in February 2021. This capital has been allocated to enhance its technology platform, expand pan-India operations, and scale its product offerings. Investors include AWE (Achieving Women Equity) Funds, Venture Catalysts, Parkview Investment Advisors, LetsVenture, and Vida Ventures. The company has reported treating over 35,000 paying customers with a claimed success rate of 90%.

Keywords: digital health India, telemedicine, dermatology, skincare, hair care, Gen Z healthcare, millennial healthcare, teledermatology, online doctor consultation, AI healthcare, health-tech, mobile healthcare, Ranjit Bhatia, skin treatment, hair loss treatment, acne treatment, tier-2 city healthcare, tier-3 city healthcare, Blackburn Technologies, AWE Funds, Venture Catalysts