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Top 10 HealthCare Startups in India

Medtech

The healthcare industry is growing rapidly in the Indian landscape, in terms of market share as well as revenue. The Indian healthcare sector is expected to grow by 23% by 2021 to USD 280 billion. This growing market has given rise to many healthcare start-ups in India. They cater to various healthcare segments, help book appointments and sell medicines online. 

Here are the most exciting ones: 

1- PharmEasy

Founders: Dharmik Sheth, Dhaval Shah and Mikhil Innani

Founding year: 2015

Headquarter: Mumbai, Maharashtra, India

Funding received: USD 394 Million

Investors: TPG Growth, Temasek Holdings, LGT Group, Bessemer Ventures Partners, Orios Ventures Partners and KB Financial Group.

About the company: PharmEasy is a privately held organization which operates under the health and wellness industry. They have a work strength of around 1001-200 employees and they also deal with various specialties like healthcare, data and technology. The organization aims to deliver industry data driven by offering doctors and patients the most precise information. 

2- Practo

Founders: Abhinav Lal and Shashank ND

Founding year: 2008

Headquarter: Banglore, Karnataka, India

Funding received: USD 228.2 Million 

Investors: CapitalG, Sofina, Tencent Holding, Sequoia Capital, Matrix Partners, RTP Global, AIA Group, Trifecta Capital Advisors and InnoVen Capital.

About the company: Practo is a privately held organization which functions under the health wellness and fitness industry. They have a work strength of around 5001-10,000 and they also have various specialties like healthcare IT, practice management and electronic medical records. 

3- Netmeds

Founders: Pradeep Dadha

Founding year: 2010

Headquarter: Chennai, Tamil Nadu, India

Funding received: USD 99 Million

Investors: Tanncam Investment, Dahn Penh Cambodia Group, Sistema Asia Capital and OrbiMed.

About the company: Netmeds is a privately held organization which operates under the health wellness and fitness industry. They have a work strength of around 201-500 employees and they also deal with various specialties like prescription, OTC medicines and doctor consultation diagnostics. 

4- HealthKart

Founders: Sameer Maheshwari

Founding date: March 1, 2011

Headquarter: Gurgaon, Haryana, India

Funding received: USD 61 Million

Investors: Sequoia Capital, Omidyar Network, Kae Capital, Sofina, IIFL, Sharrp Ventures and Intel Capital.

About the company: HealthKart is a privately held organization which functions under the health fitness and wellness industry. They have a work strength of around 201-500 employees and also deal with various specialties like e-commerce, healthcare, manufacturing and technology. 

5- Lybrate

Founders: Saurabh Arora

Founding year: 2014

Headquarter: Faridabad, Haryana, India

Funding received: USD 14.4 Million

Investors: Ratan Tata, Tiger Global Management and Nexus Ventures.

About the company: Lybrate is a privately held organization which operates under the health wellness and fitness industry. They have a work strength of around 201-500 employees and also deal with variou specialties like healthcare patients, doctors’ appointments and health products.  

6- NIRAMAI HEALTH ANALYTIX

Founders: Geetha Manjunath and Nidhi Mathur

Founding year: 2016

Headquarter: Banglore, Karnataka, India

Funding received: USD 6.1 Million

Investors: Dream Incubator, Pi Ventures, Axilor Ventures, BEENEXT , Ankur Capital and Google Launchpad Accelerator.

About the company: Niramai is a privately held organization which operates under the healthcare wellness and fitness industry. They have a work strength of around 11-50 employees and deal with various specialties like breast cancer, health management and products, diagnostics and products

7- Ekincare

Founders: Kiran Kalakuntla and Srikanth Samudrala

Founding year: 2014

Headquarter: Hyderabad, Andhra Pradesh, India

Funding received: USD 5.7 Million

Investors: East Ventures Capital, Eight Roads Ventures, Touchstone Equities, BVR Mohan Reddy, Bitkemy Ventures and Endiya Partners.

About the company: Ekincare is a privately held organization which functions under the healthcare wellness and fitness industry. They have a work strength of around 51-200 employees and deal with various specialties like personal health records, wellness, healthcare analytics and healthcare assistant. 

8- DocTalk

Founders: Akshat Goenka, Vamsee Chanakura

Founding year: 2016

Headquarter: Mumbai, Maharashtra, India

Funding received: USD 5 Million

Investors: Paul Buchheit, AltalR Capital, Y- Combinator, Vy Capital, Matrix Partners and Liquid 2 Ventures.

About the company: DocTalk is a privately held organization which operates under the healthcare wellness and fitness industry. They have a work strength of around 1001-2000 employees and deal with various specialties like diagnostics and technology. DocTalk develops and provides a mobile application which enables patients to communicate with their doctors

9- Impact Guru

Founders: Khushboo Jain and Piyush Jain

Founding year: 2014

Headquarter: Mumbai, Maharashtra, India

Funding received: USD 4.5 Million

Investors: Rajesh Mane, Apollo Hospitals Enterprise, Venture Catalyst and Shorooq Partners 

About the company: Impact Guru is a privately held organization which operates under the internet industry, they have a work strength of around 501-1000 employees and deal with various specialties like crowdfunding, social good and non-profit fundraising. 

10- Beat O

Founders: Gautam Chopra

Founding year: 2015

Headquarter: New Delhi, India

Funding received: USD 3 Million

Investors: Orios Ventures Partners, Leo Capital, India and Blume Ventures.

About the company: BeatO is a privately held organization which functions under the health wellness and fitness industry. They have a work strength of around 51-200 employees and deal with various specialties like health care products, doctor appointments and technology. 

Interested in the MedTech startups scene in India? Do check out our MedTech in India report here:

The Indian healthcare sector has attracted over US$ 6.72 billion FDI(Foreign Direct Investment) in the past two decades, with an impressive CAGR(Compounded Annual Growth Rate) of 17.69%

This report briefly captures how startups disrupt the conventional healthcare and pharmaceutical sector by using the power of technology and innovation.

It gives a brief review of the relevant current economic and demographic scenarios of the hotspots in the MedTech sector. The report also features a curated list of startups with an innovative idea and approach, and much more.

Venture Capital Landscape in India, MedTech Edition is highly recommended for any investor who wishes to explore the latest investment opportunities in the booming Indian MedTech sector.

For more extensive analysis and Market Intelligence reports feel free to approach us or visit our website: Venture Capital Market Intelligence Reports | VCBay.

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