Peak XV-backed AI-health startup Cloudphysician onboards Dr. Mandar Vaidya as CEO-India

Bengaluru-based AI healthcare startup Cloudphysician, a full-stack tech and operations startup that partners with hospitals to manage patients in their ICU and Emergency departments, announced the appointment of Dr. Mandar Vaidya as CEO-India, effective June 2024.

The appointment comes after Cloudphysician raised $10.5 million in a Series A funding round led by Peak XV Partners, with participation from Elevar Equity and venture debt firm Panthera Peak.

Why Dr. Mandar Vaidya?

Mandar brings over two decades of experience driving global businesses and delivering transformative results.

His experience as a former partner at McKinsey & Co., where he led the healthcare practice in Asia and developed strategies for hospitals and pharmaceutical companies, will help Cloudphysician serve partner hospitals effectively and drive growth across India.

He aims to unlock opportunities to ensure that high-quality intensive care is accessible, scalable, and cost-effective for hospitals everywhere.

Mandar was regional CEO at OYO for four years, where he led multiple geographies outside of India (Europe, SE Asia, the Middle East, and Japan). He led profitable and transformative growth in these markets via a tech-enabled approach: building scale from India for the world. 

Additionally, Mandar is an independent director on the board of Cipla Limited.

The company said his experience driving growth and innovation for global companies over the last twenty years will help foster a long-term institutional approach within Cloudphysician.

Vaidya's education background

Dr Vaidya graduated from medical school at Sir JJ Group of Hospitals and Grant Medical College, Mumbai, and has an MBA from Jamnalal Bajaj Institute of Management Studies, Mumbai. 

“With Mandar joining our team, we are entering an exciting new phase in our growth journey. The healthcare landscape in India is evolving and there is a significant opportunity for tech-enabled solutions to establish sustainable models of care delivery. His industry expertise, insights, and laser-like execution focus will help drive our mission forward, enabling us to reach more patients and hospitals," said Dr. Dhruv Joshi and Dr. Dileep Raman, co-founders at Cloudphysician.

"His rich experience and strategic approach to business development will help establish Cloudphysician as the preferred critical care partner, helping us expand our tech-driven solutions to over 5,000 hospitals. We believe his leadership will accelerate our vision of transforming critical care delivery and setting new standards in healthcare, ultimately improving outcomes and saving lives on a larger scale," they added.

What did Dr. Vaidya say about his appointment?

Mandar, who has also extended an investment in Cloudphysician in addition to joining as CEO, commented, “It has been inspiring to witness Cloudphysician’s remarkable journey. The fact that they have achieved a 40% reduction in their ICU mortality rates was what stood out to me. I am excited to take this kind of impact to every hospital across India."

"I am thrilled to join hands with Dhruv and Dileep who have led the movement of building a streamlined approach to high-acuity care.  This is a career-defining opportunity for me to further build and lead a transformative team. By leveraging advanced technology for more precise diagnosis and treatment, we will deliver the best possible outcomes for patients. Together, we will strive to set new benchmarks in healthcare and transform care delivery in hospitals," Dr. Vaidya added.

What does Cloudphysician do?

Founded in 2017, Cloudphysician partners with hospitals to improve ICU and NICU care for their patients. Cloudphysician’s unique Care Center has AI-guided doctors and nurses 24/7; the Care Center collaborates with hospitals and their consultants to ensure better outcomes for patients.

The Smart-ICU model ensures round-the-clock availability of expert doctors, better nursing quality, protocolized care, and training of staff.

The startup claims to have helped manage care for over 1 lakh ICU patients across more than 200 hospitals.