Healthledger Diagnostics raises funding from A-League Angel investors and venture capitalists

Pune-based Healthledger Diagnostics has raised an undisclosed amount in a seed funding round led by A-League Angel investors and venture capitalists.

According to the company's statement, Quadra Advisors was the sole Investment Banker for the transaction. Investors include VCs Nitish Mittersain and Vikash Mittersain of Nazara Technologies Ltd., Narendra Firodia of Sohamm Group, Holistic Integrative Medicine and Lifestyle Coach Luke Coutinho, Netgraph Investments LLC Dubai, Amit Jain (Rewired Ventures UK), Balesh Sharma (CEO, PPF Telecom), and Vishwanathan Iyer.

The healthcare startup said it has generated $1 million in revenue since its inception and has reached 25 cities across eight states and touched more than 100,000 lives. It now aims to target a 7X growth with more than 150 operational centers in 15 states across 50 cities by FY-23.

Founded by Darshan Chandak, Sambit Ghosh, and Rupali Mantri, Healthledger Diagnostics is transforming unorganised diagnostics centers in India by bringing them under its umbrella and enabling them with tech, business, workforce training, integrated Lab Information Management System and procurement while creating an even network of a supply chain across the nation for all healthcare providers as well as end consumers.

The company aims to become the largest network of standardised full stack diagnostics and provide constant quality and even pricing from tier one to tier six cities

Currently, it works with 23 insurance companies, Health Aggregators, TPA companies, and over 100 corporates across the country, and their major focus is enabling tier two and tier three cities with quality healthcare.

The company has already identified 5,000 centers with the intent of scaling nationwide, and by 2025, is projected to launch 3,000 locations, in both India and its neighboring countries to become the largest player in the preventive healthcare supply ecosystem.

“We are majorly focused on creating an even supply ecosystem across the country for all players in the healthcare space so that there is consistency in service delivery and integrated module of reporting along with price transparency. With this aim, we will use the funds to expand our clinics and enable more technology, bringing accessible and affordable healthcare,” said Dr. Darshan Chandak..

Luke Coutinho adds, “With COVID-19, we realise the importance and availability of basic diagnostics. With these services and offerings, Healthledger will bolster private medical infrastructure throughout the length and breadth of the country, while providing access to quality diagnostics beyond the metros.”

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