Due to the Covid-19 pandemic, healthcare has become one of the most important sectors in the world. The country that has the strongest Healthcare facilities fast tracks towards development. Where India was drowning in Covid-19, it has become very significant for the HealthCare sector of the country to be on the top of their games to save everybody from the horrific effects of the disease. The health care sector of India also noticed a rapid boost for the welfare of the nation and it is also the need of the hour.
Health Care is an umbrella under which are vast categories of services. It includes Health care services and facilities, manufacturing medical devices, equipment, and hospital supplies, medical insurance, medical services, and managed care and Pharmaceuticals and related segments.
Let’s talk numbers! India’s healthcare sector was worth about 160 billion U.S. dollars in 2017 and it was estimated to reach up to 372 billion dollars by 2022. The country’s healthcare market has become of the largest sectors in terms of revenue and employment and the industry is growing at a rapid pace.
StartupLanes brings to you the Top 10 healthcare startups in India that are transforming this segment.
Practo was founded in 2008 by Abhinav Lal and Shashank ND. Practo is the world’s leading healthcare platform that connects millions of patients with hundreds of thousands of healthcare providers around the world and helps people make better healthcare decisions.
Practo provides a singular platform that helps consumers with all their healthcare requirements – from finding the healthcare provider to booking an appointment, online doctor consultation, getting their tests done, and even ordering medicines.
Practo also makes software products that help healthcare providers ranging from clinics to hospitals digitize and deliver more efficient and higher quality healthcare to millions of
patients around the world every day. Practo continues to be dedicated to centering healthcare around the consumer and helping billions of people live healthier longer lives. Their leading investors are Capital G, Sofina, Tencent, Sequoia Capital, Matrix Partners, and RTP Global.
Lybrate was founded in 2014 by Saurabh Arora. Lybrate is a digital healthcare platform and at present one of the most used Wellness apps with patients & doctors. Their unique and unprecedented approach to making healthcare accessible has found tremendous support from investors and partners. They are part of a journey where the conventional methods of meeting and connecting with doctors/hospital/Labs is replaced through simplified technology over the internet & mobile phones.
They seamlessly connect users to medical consultants and empower them to communicate online over the app. Their leading investors are Ratan Tata, Tiger Global Management, and Nexus Venture Partners.
Portea was founded in 2013 by Ganesh Krishnan, Karan Aneja, Manjusha Anumolu, Meena Ganesh, Vaibhav Tewari, and Zachary Jones. Portea Medical is India’s home healthcare pioneer and the largest and fastest-growing provider of in-home medical care in India today with a 24-city network. Portea’s comprehensive services encompass geriatric care, post-operative care, palliative care, and physiotherapy.
The company offers home visits from physiotherapists, nursing attendants, nurses, and doctors. In addition, Portea also provides a collection of lab samples from patients’ homes
and medical equipment on hire, bringing the entire gamut of healthcare services to a patient’s doorstep. Their leading investors are InnoVen Capital, Growth Capital, Alteria Capital, International Finance Corporation, Sabre Partners, and Manipal Group.
Pristyn Care is a Gurgaon-based healthcare startup, founded in 2018 by Harsimarbir Singh, Dr. Vaibhav Kapoor, and Dr. Garima Sawhney with a vision to provide patient-centric healthcare services throughout the journey from disease to health. Every surgery at Pristyn Care is done using the most advanced medical technology and equipment. Patients are treated at the hands of super specialist surgeons who have been conducting surgeries for over 8-10 years.
Pristyn Care ensures that the patient’s experience right from the discovery of the right doctor, to booking an appointment at the clinic, getting a detailed diagnosis done, booking tests at a diagnostic center, getting insurance paperwork done, commuting from home to the hospital & back on the day of the surgery, admission-discharge processes at the hospital, and follow-up consultation after the surgery – is hassle-free and care-filled. Their main investors are Sequoia Capital and Hummingbird Ventures.
PharmEasy was founded in 2014 by Dharmil Sheth, Mikhil Innani, and Dhaval Shah as a subsidiary of Ascent Health. PharmEasy, the only healthcare unicorn startup in India, is the nation’s largest online pharmacy and diagnostics brand. It operates a business-to-business pharma marketplace with over 6,000 consultation clinics with 90,000 partner retailers across the South Asian nation.
PharmEasy is a health tech startup offering services such as teleconsultation, medicine deliveries, and diagnostic test sample collections. It also operates an online pharmacy that helps patients connect with local pharmacy stores and diagnostic centers in order to fulfill their extensive medical needs. Main investors are Bessemer Venture Partners, LGT Capital Partners, TPG Growth, B Capital Group, and Tiger Global Management.
CureFit is a health and fitness company offering digital and offline experiences across fitness, nutrition, and mental well-being. yoga and meditation, and medical and lifestyle care hassle-free. Co-founded by Mukesh Bansal and Ankit in Nagori 2016, the company is headquartered in Bangalore, Karnataka.
The platform’s proprietary Energy Meter helps users understand the effort they put into each workout. Once the camera is enabled, explosive movements can be captured and the user is assigned an energy score which lets them compete with others in the class to obtain a class ranking at the end of each session. The main Investors of Cure.fit are TATA Digital and Temasek Holdings.
Founded in 2017 by Prasad Kompalli and Ashutosh Lawania, Mfine is an on-demand, digital primary healthcare platform that offers professional diagnostics and health check-up services that can be availed from the comfort of home, office, or even a spa. Since its inception, mfine has redefined the primary healthcare sector.
mfine is an AI-powered healthcare platform that connects patients with doctors from branded hospital chains on instant chat or video consultation. … The company primarily earns money through commissions from customer consultation, lead-generation fees from hospitals, and corporate tie-ups. The lead Investors of Mfine are SBI Investment, SBI Ven Capital, BEENEXT, and Alteria Capital.
Founded in 2019 by Rajneesh Dwivedi, Dr. Rajan Choudhary, Dr Vibhash Mishra & Dr Rakesh Choudhary SecondMedic is a unique patient-centric, tech-enabled healthcare ecosystem developed to provide dedicated health ambassadors for every patient. SecondMedic offers an extensive range of customized healthcare services that enable all of our
patients to explore their 360 Degree health care needs, starting from booking a doctor’s appointment to delivery of prescribed e-pharmacy solutions right to your doorstep. They have a vast network across India that has allowed SecondMedic to become the fastest-growing healthcare platform in this flourishing space. They provide our patients access to personalised laboratory tests with home sample collection, holistic allied-health services at home,
emergency services, remote health monitoring, medical equipment rental, electronic medical records, annual health card, family health plans, and more. SecondMedic digital platform is available on the web and via a smartphone app; this has revolutionized the remote healthcare sector by bringing the best aspects of human and artificial intelligence together to provide a personalised, accurate medical second opinion. Second Medic Health Ambassadors are connected with the users from start to finish and solve the patients’ medical queries in its entirety using our integrated healthcare ecosystem. The lead Investors of SecondMedic are Singapore-based marquee early-stage investors, and together we have a vision to revolutionise the healthcare environment in India and provide easy access to all.
Qure.ai was founded in 2016 by Prashant Warier and Pooja Rao. The company is headquartered in Mumbai, Maharashtra, India, with US operations in San Francisco, California, and New York. Using artificial intelligence developed on a database of over 7 million scans, its solutions provide accurate interpretations of radiology scans within seconds, reducing time to treatment in critical moments of care.
Qure.ai’s chest X-ray automation and interpretation solution (qXR) interprets chest X-rays to help automatically generate chest X-ray interpretation reports, detect tuberculosis, chronic obstructive pulmonary diseases, lung malignancies, and medical emergencies like lung collapses and cardiac disorders. The leading investors of Qure.ai are Sequoia Capital Menlo Park, MassMutual Ventures, Redwood Trust Mill Valley, and Fractal.
Phable Care was founded on Oct 10, 2017, by Mukesh Bansal, Prasanth Reddy, and Sumit Sinha. Phable is on a mission to create an ecosystem of patients, doctors, hospitals, health devices, insurance, and patient care service providers. For patients, they provide a single platform for digitizing prescriptions, personalized health reminders, tracking vitals by syncing with devices from daily steps to blood levels and symptoms.
Through Phable, healthcare is not reactive, but rather is predictive – one’s doctor is always alerted to the health status of patients, and the moment any symptoms are problematic, the doctor can intervene and ensure the concern is addressed. Their main investors are Omron Ventures, Fresco Capital, Social starts, SOSV, and Manipal Hospitals.