The non-VC funding path
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Several entrepreneurs in India I come across have an ambition to build steady-growth, profitable & fundamentally solid businesses. While they’re not fit for VC funding (size/speed expectation mismatch), debt availability is also low for them early on. And so their business suffers and such entrepreneurs feel orphaned by India’s investor ecosystem.

While royalty-based funding has been around globally it hasn’t surfaced in India yet. This YC demo day promised that the time for income share funding might have come in the US, but will take time before we see it here.

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News: Doxper raises $4M as part of Series A led by Alkemi Venture Partners
News: Doxper raises $4M as part of Series A led by Alkemi Venture Partners
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Today, a Globevestor portfolio company, Doxper, has announced its Series A round. Doxper aims to be one of the largest healthcare informatics company in India & SE Asia, and helps hospitals & doctors digitize prescriptions.

There’s no question that the current practice of writing prescriptions by hand on a paper, followed by doctors in India, is archaic and will be replaced in the future with more tech solutions. This practice is also the reason why digitizing prescriptions has been such a tough problem to solve till now. However, it also makes for a classic case study in change management. How do you make an industry move to a new-age solution, when the current habits are well-entrenched and honestly, are more efficient for the practitioners?

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