Top 11 startups that are simplifying Indian healthtech Startup
“Health is wealth” is a household idiom around the world, but we often tend to forget its true meaning and how it affects our lives.
But in the end, nothing matters without good health. Today, technology is taking the lead. As a result, the last decade has seen the emergence of new aspects of medicine supported by technologies that represent a breakthrough for health, one of which is Health Tech.
What exactly is Healthtech?
Health Tech represents a significant advance in the field of medicine that, combined with technology, simplifies and saves lives. To define the term, it is the application of technology in the field of healthcare through innovative tools.
It goes hand-in-hand with the knowledge of doctors and health professionals about diagnoses and treatments, as well as the use of technological applications that enable the monitoring of patients’ conditions, pathologies, and situations with various devices, which supports access to more information and quality.
Here are the top health tech startups in India:
1. Practo
Founder(S): Shashank ND and Abhinav Lal
Place – Bengaluru
Year of establishment – 2008
Practo is a healthcare startup that has created a software platform for digitizing medical records and allowing users to get online consultations.
The startup helps its customers manage their healthcare needs like finding healthcare professionals, scheduling appointments with doctors, conducting online doctor consultations, scheduling tests, and ordering medicines online.
It also offers a diagnostic search feature on its web platform that includes high-quality photos and filter options. The app allows users to manage their messages and medical data.
Practo is backed by some of the leading investment firms such as CapitalG, Sofina, Tencent, Matrix Partners, Sequoia, and more.
2. PharmEasy
Founder(s): Siddharth Shah and Dharmil Shet
Location: Mumbai
Year of establishment: 2014
Phameasy was founded with the aim of delivering medicines at affordable prices through supply chain optimization and logistics. The platform allows users to place orders with three clicks and reorder with one click.
The startup uses technology to connect patients, pharmacies, doctors, diagnostic centers, and healthcare providers so they can communicate with each other seamlessly.
3. BloodSure
Founder(s): Raghav Baldwa
Location: Indore
Year of establishment: 2012
BloodSure started as a social platform that connects blood and platelet donors with those in need. Their platform has a strong community of over 1.25 lakh, active donors, in India, Bangladesh, and Nepal and aims to rid India of blood shortage by 2027. So far BloodSure has reached 15,000 patients.
BloodSure has organized more than 35 camps and collected 4,000 pints of blood from more than 75,000 blood donors.
4. DocTalk
Founder(s): Akshat Goenka and Vamsee Chamakura
Location: Mumbai
Year of establishment: 2016
DocTalk is a healthcare software application that allows users to save medical reports and prescriptions and openly discuss them with their doctors. The startup offers an AI-powered virtual assistant app that helps simplify India’s healthcare ecosystem.
The startup is backed by Y-Combinator, Khosla Ventures, Liquid 2, Matrix Partners, and Vy Capital among angel investors.
5. BeatO
Founder(S): Gautam Chopra, Yash Sehgal, Kunal Kinalekar and Abhishek Kumar
Location: New Delhi
Year of establishment: 2015
Over the past six years, BeatO has grown from India’s first set of smartphone-connected glucometers to the country’s first personalized health management ecosystem for people with chronic conditions.
BeatO targets diabetes patients to provide a simple and smart device to monitor blood sugar levels. For example A user can use their smartphone by inserting it into the headphone jack and using the strip to measure their blood sugar level. The app then makes recommendations and shares the results with BeatO experts if medical intervention is required.
6. HealthKart
Founder(s): Sameer Maheshwari, Prashant Tandon
Location: Gurgaon
Date of establishment: 2011
Healthkart offers a range of fitness products and services to help consumers achieve their fitness goals. The startup sells a wide range of health products, including nutritional supplements, diabetes supplies, home health products, and baby care items.
The healthcare platform started as a website and mobile app that served as a portal to search for generic drugs. It has since evolved into a marketplace where customers can search for and purchase items other than prescription drugs.
In addition, the startup has also launched FitUp, which provides free nutritional advice and assistance.
7. Cult.Fit
Founder(s): Mukesh Bansal, Ankit Nagori
Location: Bengaluru
Year of establishment: 2016
A major player in the Indian fitness and health industry, Cult. fit offers live and on-demand fitness videos, and yoga and meditation sessions to its members. The startup is backed by some of the top investment firms in the country, including Temasek, Tata Digital, Vistra ITCL, Accel, and Zomato.
8. Innovaccer
Founder(S): Abhinav Shashank, Kanav Hasija, and Sandeep Gupta
Location: Noida and San Francisco
Year of establishment: 2014
Innovaccer is a Silicon Valley-based startup that offers a variety of digital products to doctors, hospitals, health systems, and other healthcare providers.
Innovaccer is a cloud platform for employee health benefits. And it is used in healthcare facilities to manage population health. The startup provides a platform to collect, analyze and deliver patient health information. Its main features include patient participation and AI-based decision-making tools.
It also offers a range of solutions including virtual care networks, patient monitoring, and SDOH management. Other solutions include operations optimization, customer relationship management, referral management, and so on.
9. Tata Digital Health
Founder(s): Manzoor Ameen
Location: Bengaluru
Year of establishment: 2017
Tata Digital Health provides doctors and clinics with a suite of enterprise software solutions for practice management. Electronic Medical Record, a cloud-based patient health record; Practice Management, an online solution for managing patient appointments and scheduling, invoices, and prescriptions; Remote Monitoring, for remote monitoring and management of chronic patients; and Virtual Care +, an online telemedicine platform for doctors, are among its products.
10. NetMeds
Founder(s): Pradeep Dadha, Bruce Schwack
Location: Chennai
Year of establishment: 2015
Netmeds is an online platform that has firmly established itself as the leading online pharmacy in the country with millions of active customers and deliveries to over 19,000 pin codes across the country.
The startup provides efficient shopping for medicines and other healthcare products through its online portal and mobile application, which is available 24/7.
In particular, it has multilingual customer service support with voice, chat, and email support, as well as a team of licensed pharmacists who receive, digitize and approve millions of handwritten prescriptions.
11. MediBuddy
Founder(s): Satish Kannan and Enbasekar Dinadayalane
Location: Bengaluru
Year of establishment: 2013
Medibuddy is a digital healthcare platform that provides customers with access to a range of healthcare services such as online doctor consultations, lab tests, and medication administration. In addition, the startup also offers a range of health insurance products, including corporate group health insurance and personal insurance.
Through this platform, users can find healthcare providers and communicate about their treatment. Health care packages can be purchased, doctors can be scheduled, medications can be ordered and delivered to the patient’s door, and medical records can be accessed. Users can also send pre-authorization requests and claims notifications in case of hospitalization.
It claims to have reached the healthcare needs of 3 million Indians with a partner network of over 90,000 doctors, 7,000 hospitals, 3,000 diagnostic centers, and 2,500 pharmacies covering 23,000 pin codes in India and a 1,000-member team across 22 Indian cities.
Bottom Line:
Health is essential to achieving success in all areas of life. The concept of startups is popular today and trends have the power to change the world. Healthcare startups are truly changing the game.
Healthcare technology has made significant progress and will continue to do so to update the current Indian healthcare system. Existing Health Tech solutions are increasingly in demand by patients looking for novelty and convenience as investment interest grows.
As you may have noticed, when we talk about Health Tech, we mean a new world that is opening up not only in the medical field, but in general, and which with plans and strategies led by experts in the field, medicine can make a huge leap in technological innovation.
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