Healthtech

India’s experience with building digital public infrastructure, such as the Ayushman Bharat Digital Mission, provides a blueprint for addressing global healthcare challenges, Dr Bishen said.

Innovaccer raises $275 million from B Capital Group, Kaiser Permanente and others

The last round in 2021 valued the healthcare technology firm at $3.2 billion, more than doubling its valuation from $1.3 billion when it last raised capital the same year.

Reliance to infuse Rs 202 crore to settle Karkinos Healthcare’s debts, pledges Rs 150 crore for revival

The development follows the approval of a resolution plan for Karkinos Healthcare by NCLT after it entered the Corporate Insolvency Resolution Process (CIRP) in May. 

Peak XV-backed Kenko shuts operations; ran out of funds, taken to NCLT, founders tell staff

In a series of emails exchanged with employees, the founders said despite injecting Rs 9 crore of their personal funds to cover salaries, the startup ran out of capital, forcing it to shut down. They also addressed allegations of financial misconduct raised by some employees

Cactus Venture Partners make final close of debut fund at Rs 630 crore

The Mumbai-based VC firm is looking to invest in eight to 10 startups in health tech, climate tech and B2B SaaS space, with a cheque size of $2-5 million

Practo makes offline bet with co-branded dental clinics in Bengaluru, Delhi, Mumbai

Practo plans to expand this offering to Pune, Hyderabad, and Chennai initially and then eventually reach tier two cities in the country. It has a target to launch over 100 Practo Dental clinics across the country.

MediBuddy raises $18 million in funding from existing investors

In a statement, the company said it will use this fund infusion for growth and expansion through acquisitions.

Healthcare platform MediBuddy sacks 8% staff citing 'market conditions'

MediBuddy has laid off about 8 percent of its staff across departments, in what was a 'one-time restructuring exercise' according to the company. The rationale behind the layoffs was to eliminate redundancies, the company said.

HealthKart raises $135 million in funding led by Temasek

In a statement, the company said it will use the capital raised for the growth of in-house D2C (direct-to-consumer) brands, increase offline distribution, expand international operations, and make select acquisitions.

Chiratae-backed Healthifyme latest startup to resort to layoffs, 150 staff sacked

HealthifyMe said the decision came as the company’s growth did not match expectations. In India, technology startups have let go off close to 18,000 employees this year

Even Healthcare raises $15 million from Alpha Wave, Lightrock

In a statement, the healthtech startup said it will use the new capital to strengthen its clinical team of doctors to scale its preventive care for comorbidities like diabetes, PCOS and obesity.

Indian Angel Network launches Rs 1,000 crore venture capital fund

The new fund is looking to invest in cleantech and environment, healthtech, agritech, edtech, fintech, and emerging sectors like industry 4.0, spacetech, web 3, and robotics.

D2C startup Good Health Company raises $10 million in funding led by Left Lane Capital

In a statement, the Hyderabad-based company said it plans to use the fresh funds to introduce more product categories, focus on product innovation and expand the existing team, in the next few months.

Tele-consulting platforms, e-pharmacies hit by tepid demand as pandemic boost wears off 

During the pandemic, e-pharmacies and online consultation platforms turned out to be lucrative businesses within health tech, which also includes at-home diagnostics, fitness and nutrition platforms, disease management and employee wellness services. 

Google launches start-up school, targets 10,000 non-metro entrepreneurs

The programme will focus on finding 10,000 start-ups beyond the metros, in tier 2 and tier 3 cities, and is aiming to onboard them by December.

Orange Health, India's fastest diagnostic lab launches in New Delhi

With this launch, customers across the NCR region can now avail a wide range of diagnostic services in just 60 minutes from the comfort of their homes, with reports in six hours

Early-stage VC firm Multiply Ventures raises Rs 260 crore in its maiden fund

Multiply Ventures' final close of its first fund came at a time when early-stage funding in the Indian tech startup ecosystem fell to a 12-month low in May

Startup layoffs to continue as exuberance takes a break; will curb attrition across sectors

Experts and talent managers say the trend is indicative of a shift to profitability over customer acquisition and unmanageable expansion, a subdued investment environment, and a fear of possible recession.

Prime Venture Partners' fourth fund gets oversubscribed, closes at $120 mn

The fund will be used to invest in early-stage tech startups across FinTech, EdTech, HealthTech, Consumer Internet and Global SaaS, besides EVs, gaming and cryptocurrencies.

Health-tech startup K&L Wellness Technology raises Rs 30 crore from angel investors

K&L Wellness Technology was founded by serial entrepreneur Karan Talreja and Luke Coutinho, a renowned holistic lifestyle coach in the field of integrative and lifestyle medicine.

CureFit’s Mukesh Bansal, Hari Menon of BigBasket join Tata-acquired 1MG board

Ankur Verma, a senior vice-president in Tata Sons' chairman's office will also join the board of the digital health platform.

Atmanirbhar Bharat provides vision of India's plans to become USD 5 trillion economy: MEA official

MEA Secretary (CPV&OIA) Sanjay Bhattacharyya said new emerging technologies, especially in ICT, consultancy, fin-tech, logistics, edutech, healthtech, biotech.

Indian firms Pharmeasy & Qure.ai among world's 150 most promising digital health startups: Report

As on August 10, 2020, these 150 startups have raised over $20 billion in total funding across over 600 deals from more than 900 unique investors.

Digital healthcare gets a boost during COVID-19

COVID-19 offers a silver lining for eHealth platforms — to embrace change, join forces, and to innovate, creating real value in the healthcare ecosystem

Sachin Bansal, Binny Bansal and others invest $5.8 m in SigTuple

The company provides a data driven, machine-learned, cloud-based solution to improve the accuracy and efficiency in disease diagnosis. To gain insights from data the company have a machine learning platform called Kurma.