Due to the Covid-19 pandemic, Health-care has become one of the most important sectors in the world. The country that has the strongest Healthcare facilities has the fast track 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. 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.
India’s top 10 Startups: Health-Care Sector
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 which 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.
MediBuddy was founded by Satish Kannan and Enbasekar in the year 2000. With MediBuddy, you can book health check packages, Order Medicines online, Consult a Doctor, Book Tele Consultation, take a second opinion, Book a Physiotherapist or Nurse home visit and many more services with attractive deals and offers. A new version of this app is available in the app store.
MediBuddy has 1200+ employees in 22 locations. It’s leading founders are InvAscent, Stride Ventures, InnoVen Capital and IDFC private equity.
Ultrahuman was founded by Mohit Kumar and Vatsal Singhal in the year 2019. Bengaluru, Karnataka based Ultrahuman is a global health and fitness platform that aids their user to achieve their true physical and mental potential. They started with the vision to help people transform themselves by giving them access to content and programs that work on aspects of mind, body and recovery. Everyone on their team has a unique and mutually exclusive set of skill, building this company like founders.
The platform is a combination of technology, science, art and most importantly people and is therefore driven by the knowledge and experience of world’s best coaches, sports science experts, neuroscientists and psychologists. Their insight is that transformation does not need to be about setting unrealistic goals or killing oneself in the gym. The leading investors of UltraHuman are Deepender Goyal, Scott Shleifer, Revant Bhate, Steadview Capital, Kunal Shah and Sujeet Kumar.
Founded in 2019 by Abhishek Poddar and Saurabh Arora, Plum Benefits specialises in providing health insurance support to small businesses and startups. re-imagining the employee health insurance stack by forging new underwriting and fraud detection algorithms that allow firms with as few as seven employees to benefit from group insurance.
Its real-time insurance design and pricing enables firms to buy insurance in just three clicks. It also offers employees a hassle-free claims experience through an integrated digital process. It’s lead investors are Gemba Capital, Incubate Fund India, Kunal Shah, Ramakant Sharma, Harsh Jain and Lalit Keshre.
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 the 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.
Onsurity was founded by Yogesh Agarwal and Kulin Shah in the year 2020. Onsurity is India’s only healthtech company providing monthly, comprehensive employee healthcare to SMEs, MSMEs, Startups and growing businesses. With the aim of democratizing technology, we are giving everyone, from entrepreneurs to small businessmen, a chance to ensure their team has access to the best of healthcare with our simple and affordable products.
Onsurity was founded to empower SMEs and enterprises to solve their major problem – affordable employee healthcare and benefits. This in turn helps increase employee retention, productivity, attract talent and enable SME to build a happier workforce. Their leading investos are Nexus Venture Partners, AngelList and Whiteboard Capital.
9. Pierian DX
Pierian DX is founded by Rakesh Nagarajan in the year 2014. PierianDx is a company that is enabling the global adoption of genomic sequencing in the healthcare industry by strengthening physicians in the clinic and laboratory to effectively diagnose and cure patients with cancer and other related diseases. Their leading investors are ARUP Laboratories, RTI International, SJF Ventures, ATW Partners and Health Catalyst Capital.
Founded in 2015 by Yash Sehgal, Abhishek Kumar and Gautam Chopra, BeatO offers a digital care ecosystem for chronic condition management. Through a mobile app, the startup offers a comprehensive diabetes management and care platform via its glucose-monitoring solutions.
BeatO is a mobile application for diabetes management that offers a smartphone-based glucometer. Doctors do know this and make allowances for readings from home glucometers. Their leading investors are Blume Ventures, Leo Capital, Orios Venture Partners and Parkview Investments.