Top 11 startups that are simplifying Indian healthtech industry

'Health is wealth' is a household idiom around the world but we often tend to forget its true meaning and how impactful it is in our lives.

But without good health, nothing matters in the end. Today, technology has taken the lead. As a result, over the last decade, new aspects of medicine supported by technology have emerged, representing a breakthrough for health, one of which is Health Tech.

What exactly is Healthtech?

Health Tech is a significant advancement in the field of medicine that, when combined with technology, simplifies and saves lives. To define this term, it is the application of technology in the field of healthcare through innovative tools.

It goes hand in hand with doctors' and health professionals' knowledge of diagnoses and treatments, as well as the use of technological applications that allow monitoring of patients' conditions, pathologies, and situations through various devices, promoting access to a greater quantity and quality of information.

Here are the top healthtech startups in India:

1. Practo

Founder(S): Shashank ND and Abhinav Lal

Location - Bengaluru

Founding Year - 2008

Practo is a healthtech startup that created a software platform to digitize medical records and allow users to get online consultations.

The startup assists its customers in managing their healthcare needs, such as searching for healthcare experts, scheduling appointments with doctors, conducting online doctor consultations, scheduling tests, and ordering medications online.

It also offers a diagnostics search feature on its web-based platform, which includes high-quality photographs and filter options. The app allows users to manage their reports and medical data.

Practo is backed by some of the top investment firms such as CapitalG, Sofina, Tencent, Matrix Partners, Sequoia, and others.

2. PharmEasy

Founder(S): Siddharth Shah and Dharmil Shet

Location: Mumbai

Founding Year: 2014

Phameasy was founded with the goal of delivering medicines at affordable prices by optimizing the supply chain and logistics. The platform allows users to place orders with three clicks and reorder with one click.

The startup leverages technology to connect patients, pharmacies, doctors, diagnostic centers, and healthcare service providers so that they can interact with one another without difficulty.

3. BloodSure

Founder(S): Raghav Baldwa

Location: Indore

Founding Year: 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 shortages 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

Founding Year: 2016

DocTalk is a healthtech startup that allows users to store medical reports and prescriptions and openly discuss them with their doctors. The startup offers an AI-powered virtual assistant application to help simplify India's healthcare ecosystem.

This 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

Founding Year: 2015

BeatO has grown from India's first smartphone-connected glucometer kit to the country's first personalized health management ecosystem for people with chronic conditions in the last six years.

BeatO targets diabetes patients to provide a simple and smart device for measuring blood sugar levels. For instance: A user can use their smartphone by inserting it into the headphone jack and measuring the blood sugar level with the strip. After this, the app makes recommendations and shares the results with BeatO's experts if medical intervention is required.

6. HealthKart

Founder(S):  Sameer Maheshwari, Prashant Tandon

Location: Gurgaon

Founding date: 2011

Healthkart offers a variety of fitness products and services to help consumers achieve their fitness goals. The startup sells a wide range of healthcare products, including nutrition supplements, diabetes supplies, home medical devices, and baby care items. 

The healthtech platform began as a website and a mobile app that served as a generic drug search portal. Since then It has evolved into a marketplace where customers can search for and purchase items other than prescription drugs.

Apart from this, the startup also launched FitUp, which provides free nutritional counseling and assistance.

7. Cult.Fit

Founder(S): Mukesh Bansal, Ankit Nagori

Location: Bengaluru

Founding Year: 2016

Cult.fit, which is a major player in the Indian fitness and health industry, offers video-based live and on-demand fitness, 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, among others.

8. Innovaccer

Founder(S): Abhinav Shashank, Kanav Hasija, and Sandeep Gupta

Location: Noida and San Francisco

Founding Year: 2014

Innovaccer is a Silicon Valley-based startup that offers various digital products to physician practices, hospitals, health systems, and other healthcare providers.

Innovaccer is a cloud-based employee health benefits platform. And is used in healthcare facilities to manage population health. The startup provides a platform for collecting, analyzing, and providing insights into patient health. AI-based patient participation and decision-making tools are among its core features.

It also offers a variety of solutions, including virtual care networks, patient monitoring, and SDOH management. Other solutions involve surgery optimization, customer relationship management, referral management, and so on.

9. Tata Digital Health

Founder(S): Manzoor Ameen

Location: Bengaluru

Founding Year: 2017

Tata Digital Health provides a suite of enterprise software solutions to doctors and clinics 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

Founding Year: 2015

Netmeds is an online platform that has firmly established itself as the country's leading online pharmacy, with millions of active customers and deliveries to over 19,000 PIN codes across the country.

The startup provides streamlined shopping for medicines and other healthcare products via its online portal and mobile app, which is available 24 hours a day, seven days a week.

Notably, 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

Founding Year: 2013

Medibuddy is a digital healthtech platform that provides customers with access to a variety of healthcare services such as online doctor consultations, lab tests, and medication delivery. Additionally, The startup also offers a range of health insurance products, including corporate group health insurance and personal insurance.

Through its platform, Users can find healthcare providers and communicate about their treatments. Healthcare 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 claim notifications in the event of hospitalization.

It claims to have achieved the healthcare needs of 3 crore Indians with a partner network of over 90,000 doctors, 7000 hospitals, 3000 diagnostic centers, and 2500 pharmacies covering 23,000 pin-codes in India, and a 1000-member team located across 22 Indian cities.

Bottom-line:

Health is essential for achieving success in all aspects of life. The concept of startups is popular today, and trends have the power to change the world. Indeed, Healthcare startups are game changers.

Healthcare technology has made significant progress and will continue to do so to update the present system of Indian healthcare system. Existing Health Tech solutions are increasingly in demand from patients seeking novelty and practicality, as investment interest grows.

As you may have noticed, when we talk about Health Tech, we are referring to a new world that is opening up, not only in the medical field, but in general, and that, with plans and strategies led by experts in the field, medicine can make a huge leap in technological innovation.

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