The Indian healthtech startups’ ecosystem can be very competitive and thus challenging to navigate if you’re new.
Essentially, discover what makes these startups so great, from the quality of their app development to their customer service skills.
Potentially, this industry could be worth US$ 28 billion and be amongst the top 10 markets in the world.
This will require government support and forward-thinking entrepreneurs willing to take risks and invest in technology to change India’s healthcare.
Here are 15 of our favorite Indian health-tech startups worth watching out for…
1. Docplexus
The doctor-patient relationship is changing for good. It’s about time medical reports are easily seen and understood by patients.
With Docplexus, patients have complete control over their healthcare data input from patient reports and access to the healthcare ecosystem.
Patients are empowered through the provision of their healthcare data. The ultimate goal is to ensure everyone is equipped with real-time insights about their well-being to aid self-care proactively.
Everyone should be able to access their medical records whenever needed, aiding easy diagnosis.
With Docplexus, you don’t need to wait any longer because your records are only one click away!
Download it now on the App Store or Google Play. It’s free and one of the best Indian healthtech startups.
2. Cultfit
Cultfit incorporates fitness into the everyday routine; workouts are designed around an individual’s needs, followed by customized and healthy meals.
By bringing together experts from diverse fields, including nutrition and exercise physiology, Curefit hopes to create a holistic approach to wellness.
It is one of the best Indian health-tech startups incorporating relevant knowledge from numerous fields.
In July 2017, Mumbai-based Cultfit secured $2 million in funding from Accel Partners.
Since then, it has increased with 200+ active corporate clients and more than 50,000 users across Delhi/NCR and Mumbai.
It also counts Paytm founder Vijay Shekhar Sharma as one of its board members.
3. Innovaccer
According to documents filed with the SEC, Innovaccer has raised $11.5 million as part of a Series A round.
Vinayak Naik, the former COO of Axilor Ventures and CTO of Rocket Internet India, founded the company.
The funding round was led by Invus Capital Advisors, followed by Qualcomm Ventures and Phanindra Sathish’s Kwan Entertainment & Media Ltd.
Beyond these names and details are some other hints about Innovaccer’s plans.
Innovaccer is a stealth company amongst other Indian health-tech startups with hopes to publicize later next year.
4. Practo
Founded in 2007, Practo helps patients find and book appointments with doctors and clinics.
It claims to have 50 million users, and its investors include SoftBank, Tencent, Intel Capital, and Sequoia India. Last year, a $125-million funding round valued it at $1 billion.
These Indian healthtech startups were founded by Shashank ND, Abhinav Lal, and Abhinav Gupta.
Doctors Kiran Murthi and Mukesh Shah also serve as company directors.
The company is in 23 cities across India and is expanding into new markets such as Indonesia.
In 2017, it acquired Mumbai-based rival HealthKartPlus for an undisclosed sum.
Last month, it launched a chatbot that lets users search for medical information on Facebook Messenger or WhatsApp.
The bot is available only in Hindi but will be rolled out in English soon.
5. PharmEasy
PharmEasy was founded by Vinayak Hegde, a pharmacist who wanted to make patient things easier.
PharmEasy allows patients to order and reorder their prescriptions online and get their prescriptions delivered home through PharmEasy’s partnership with local pharmacies when needed.
The company’s free delivery services allow customers to only pay for what they order from PharmEasy’s pharmacy partners.
You could quickly return to these pharmacies when you need a refill of medications.
PharmEasy is an Indian health tech startup that provides convenience in service to its customers.
6. MediBuddy
MediBuddy is listed amongst the 15 best Indian healthtech startups by India’s largest media and entertainment company, Times Internet.
MediBuddy provides a technology platform for doctors to connect with patients, allowing them to discuss their medical concerns.
It is an online community for doctors and patients, with both parties able to see each other during these interactions.
MediBuddy was founded in 2016 by Shubham Agarwal. Shubham Agarwal was a doctor who saw a need for technology to improve communication between medical professionals and their patients.
MediBuddy recently raised $1 million from investors, including Fireside Ventures and Paytm founder Vijay Shekhar Sharma’s VC fund Xpressbees.
7. Mfine
Mfine is an Indian healthtech startup that leverages artificial intelligence (AI) and machine learning (ML) to provide medical assistance to users.
It has secured $21 million from venture capital fund Kalaari Capital. The deal has been one of India’s most significant fintech investments since last year.
According to a report, Kalaari managing director Ashish Gupta will join Mfine’s board of directors as part of this transaction.
Shripati Acharya and Srivatsan Chari founded Mfine to simplify several aspects of life for users, especially those regarding their health conditions.
8. Indegene
Healthcare has become a buzzword, yet people still do not know what it is about.
This is more so for millennials who have only heard of healthcare but do not understand its basic concepts.
Indegene wants to change that. Indegene wants to change that. The Indian healthtech startup was founded by Avdhesh Garg, Rahul Jain, and Kirti Gupta.
Indegene wants to make healthcare more accessible and meaningful to all users with easy access to information and community support.
Conclusion
Considerably, it has been found that these 15 startups will give you a complete overview of the Indian health tech world.
They generally have higher quality products with good depth and breadth of features, a better reputation, and more customer satisfaction.
They are more focused on innovation and have great potential for further progress.
These 15 best Indian healthtech startups will change the healthcare sector in India forever with their revolutionary product concepts and business ideas.
If you are interested in investing in or want to be part of one of these, do it now! Our analysis report is free for all our readers, so enjoy it!
