Imagine a world where technology meets healthcare at every corner, enhancing every aspect of medical care. Yet, in India's bustling #startup ecosystem—a realm that celebrates billion-dollar valuations in fintech and e-commerce—health-tech lingers in the shadows, underfunded and undervalued. In 2023, out of the impressive $10 billion funnelled into Indian startups, a mere 4% made its way into #healthtech. This stark disparity not only highlights a significant oversight but also underscores a critical gap in a sector that impacts the very essence of human well-being. Investing in health-tech is not merely a financial decision; it's a commitment to securing a healthier future. Enhanced #healthcare technologies can lead to improved diagnosis, treatment efficiencies, and overall public health management. Globally, nations like the USA and Germany are pouring significant investments into health-tech, recognising its profound impact on health outcomes and economic stability. Contrastingly, India’s conservative investment patterns could lead to long-term challenges in the healthcare system’s capacity to manage emerging health issues. In this under-explored frontier, Flabs is making a difference. Our mission is clear: enable every individual to access quality healthcare, beginning with the diagnostic labs that form the backbone of medical diagnosis. Our innovative SaaS platform is revolutionising how these labs operate, significantly boosting their accuracy and efficiency. This enhancement in lab operations directly translates into improved healthcare services for the end consumer. "The image below illustrates the stark contrast between India's rapid tech advancements and its outdated healthcare practices—time for change."
Yash Chaudhary’s Post
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India's #healthtech industry is a vibrant ecosystem poised to transform healthcare, both domestically and globally. Valued at $132.84 #billion and growing at a rapid 39% CAGR, it has attracted over $3 billion in investments in recent years. Fueled by innovative startups and government initiatives, healthtech is bridging gaps in access, affordability, and quality. Telemedicine, AI-powered diagnostics, digital pharmacies, and wellness apps are just a few examples of how technology is reshaping healthcare delivery. With a focus on affordability and scalability, Indian healthtech holds immense potential to disrupt global healthcare and make a lasting impact on health outcomes worldwide. Here are the 4 healthtech Indian #unicorns . 1.PharmEasy, founded in 2015 by Dharmil Sheth and Dhaval Shah, is India's leading e-pharmacy platform, delivering meds and diagnostics with ease. Backed by over $1 billion in funding, it's a healthcare unicorn that's transformed pharmacy for millions. 2.Innovaccer, a 2012 brainchild of Abhinav Shashank, Kanav Hasija, and Sandeep Gupta, has become a $379M-funded unicorn, using AI to bridge the gap between data and healthcare decisions. 3.cultfitsupport, founded in 2014 by Mukesh Bansal and Ankit N., they've attracted $442M in funding to build a fitness empire across gyms, online classes, and healthy communities. 4.Pristyn Care, Founded in 2018 by Dr Vaibhav Kapoor and Dr. Garima Sawhney, Pristyn Care is a healthcare platform specializing in surgical and post-surgical care at home. The company has received total funding of $230 million to date. #startupspotlight #techburst
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The Booming Landscape of Indian Health Tech 💡 The Indian health tech startup scene is currently experiencing an unprecedented surge. The industry is poised to skyrocket to an impressive $5.5 billion valuation by 2025. While still in its nascent stages, the Indian health tech startup ecosystem is surging forward with remarkable velocity. Investors keenly recognize the vast potential of the Indian market and are significantly investing in enterprises that are pioneering innovative problem-solving approaches. Several compelling reasons underscore why health tech in India is drawing substantial attention: 1) Technological Leaps and Market Prospects: The Indian health tech industry is harnessing its robust IT prowess to craft pioneering healthcare solutions. This includes ingenious telemedicine platforms, health monitoring devices, AI-based diagnostics, and robust health information systems. 2) Telemedicine Revolution: Telemedicine has emerged as a transformative force in rural healthcare, bridging the gap through remote patient diagnosis and treatment using cutting-edge telecommunication technology. 3) Affordability and Scalability: With India's vast and swiftly expanding population, the nation serves as a magnet for health tech startups and investors. The allure lies in startups that offer cost-effective and scalable solutions. By capitalizing on technology, these startups are revolutionizing healthcare delivery, significantly lowering costs compared to traditional methods. 4) Governmental Backing: The Indian government, attuned to the potential of technology in augmenting healthcare services, particularly in underserved rural zones, has paved the way for increased investment in healthcare tech startups. Initiatives like the National Health Policy and the Digital India campaign have catalyzed the ecosystem's growth, garnering investor confidence. The journey is unfolding, and the trajectory is promising. Together, we're not just witnessing the future – we're actively shaping it. #HealthTechRevolution #InnovationInHealthcare #InvestingInTech #DigitalIndia
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Global CFO / CBO I Finance Strategist, Growth Hacker, Digital Transformer, Fund Raise, IPO, M&A, Valuation, Fin modelling, Tax, TMT specialist, Startup Advisor I CA, CMA, CMA (UK), CGMA, Kellogg School of Management
India's healthtech scene is quietly revolutionising healthcare, and you probably haven't noticed. Imagine a world where medical care reaches the most remote villages, where appointments, diagnostics, and treatments are a click away. This isn't a distant dream. It's happening now, in India. Take, for instance, Practo, a platform that's bridged the gap between doctors and patients, making healthcare accessible and convenient. Then there's 1mg, transforming how we think about pharmacy. From your screen to your doorstep, medication and health products are more accessible than ever. The real game-changer? Telemedicine platforms like Mfine, bringing specialist consultations to the palm of your hand. In a country where healthcare infrastructure varies drastically, this is not just innovation; it's a lifeline. And let's not overlook startups like Cure.fit, which are redefining wellness, integrating everything from fitness to mental health, proving that preventive care is the future. Behind these names is a burgeoning ecosystem, fueled by visionary entrepreneurs, robust investment, and a government betting big on digital health. The National Digital Health Mission (NDHM) is set to be a catalyst, aiming for a unified digital health infrastructure. But here's the real question: How can we, as professionals, contribute to this vibrant ecosystem? Whether you're an investor, a healthcare professional, or a tech enthusiast, the opportunities are limitless. Let's start a conversation. Share your thoughts on how we can further innovate and support the healthtech ecosystem in India. Making healthcare efficient and accessible for all is truly a worthy cause to work for #healthcare #healthtech #ceo #startup #founders #CFO
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🌟 Trending in HealthTech: The Future of Healthcare in India 🌟 The health tech landscape in India is experiencing rapid growth and transformation. Here are some key insights from 2024 that highlight the industry's trajectory: 1. Exponential Growth: The Indian health-tech market has doubled from $3 billion in 2020 to $7 billion in 2023 and is set to grow at an annual rate of 39% in the coming years. This boom is driven by advancements in digital health infrastructure and increasing consumer awareness https://lnkd.in/gEv8dhRZ https://lnkd.in/dDf4A_fX 2. Telemedicine Surge: The adoption of telemedicine has skyrocketed, especially during and after the COVID-19 pandemic. Government initiatives like eSanjeevani under the Ayushman Bharat scheme have made remote healthcare accessible to millions, providing a model for efficient and widespread healthcare delivery https://lnkd.in/ddei2Fiz https://lnkd.in/dDf4A_fX 3. Innovative Startups: India is home to over 10,000 health-tech startups, including notable players like Pharmeasy, Netmeds, and 1mg. These startups are pioneering solutions in telemedicine, e-pharmacy, and digital diagnostics, significantly enhancing healthcare accessibility and efficiency https://lnkd.in/ddei2Fiz https://lnkd.in/dRceWuCy 4. Investment Boom: The healthtech sector attracted private equity and venture capital investments worth nearly $1.74 billion in 2021 alone. Major investors include Accel Partners, Sequoia, and Matrix, focusing on innovative business models and scalable solutions https://lnkd.in/dRceWuCy https://lnkd.in/ddei2Fiz At e-heal India, we are excited to be part of this dynamic industry, continuously innovating to bring you the best in healthcare technology. Stay tuned for more updates and advancements as we strive to make healthcare more accessible and efficient for everyone. #HealthTech #DigitalHealth #HealthcareInnovation #eHealIndia #Telemedicine #StartupIndia #HealthcareRevolution
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Celebrating India's 77th #IndependenceDay with a Vision for #HealthTech Transformation! 🏥🌟 As we commemorate India's freedom, we also reflect on the revolutionary strides in the healthcare technology sector. A recent study by LoEstro Advisors sheds light on the extraordinary #growth potential of India's healthtech industry, projected to reach a remarkable US$25 billion by 2025!! At IOTA Informatics, we're committed to being at the forefront of this transformative #journey. 🌐 The HealthTech Revolution: From Electronic Health Records to Telemedicine, healthtech innovations are reshaping #healthcaredelivery. We're thrilled to contribute to this evolution by integrating AI, telemedicine solutions, and more. Our aim is to enhance patient care and healthcare system efficiency, paving the way for a healthier nation. 🤝 Joining Hands for Progress: While healthtech funding trends experienced fluctuations, our commitment remains steadfast. We're determined to navigate challenges and leverage #opportunities to drive innovations that positively impact healthcare delivery across the nation. This Independence Day, let's celebrate not only our freedom but also the transformative potential of healthtech. Together, let's create a healthier and more connected India through technological innovation and unwavering dedication.💪 #IndependenceDay #HealthTechRevolution #HealthcareTransformation #IOTAInformatics #DigitalHealth #NationalDigitalHealthMission #FutureofHealthcare #InnovationsInHealthTech #TechForGood #startupindia #startup
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At #Siemens #Healthineers, a giant in the medical technology space, its development centre in India has been instrumental in driving #innovation and #digital transformation across its #healthcare solutions portfolio. #India is witnessing a surge in #investments, with #techgiants setting up AI #research centers and #datacenters in the country, India ranks 1st in terms of #AIskills penetration. Government's focus on promoting #technologyinnovation and #entrepreneurship through initiatives like #MakeinIndia" and #DigitalIndia has accelerated this growth. Dileep Mangsuli Hariharan NS Ajit Damle Pranav Patil Read more in this Financial Express (India) article - http://surl.li/kzngc
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Father | Investor | Mentor | Founder - Qi Ventures & Qi Capital | Startup Incubation | Fund Raising | Fintech Distribution | Banking | Wealth Management
Looking ahead to the upcoming year, I'd like to highlight why you should strongly consider the Indian Health Tech sector as a prime addition to your investment portfolio in 2024. The Indian health tech industry is on a remarkable ascent, ready to hit an impressive $5.5 billion by 2025. With a surging demand for cutting-edge healthcare solutions, this sector offers extraordinary growth potential. India has emerged as a global epicentre for technological ingenuity. Health tech startups are leading the charge, pioneering transformative solutions, spanning from telemedicine to AI-powered diagnostics. This isn't just a passing fad; it's a revolutionary transformation of the healthcare landscape Government initiatives such as the National Health Policy and the Digital India campaign have created a supportive ecosystem. With regulatory support and attractive financial incentives, it's an enticing domain for investors seeking both stability and expansion. As more people are dealing with chronic illnesses, and as the middle class keeps expanding, there's a clear and urgent need for healthcare solutions that are easy to access and affordable. Health tech is actively addressing these issues and taking them on directly. Plus, the fact that almost everyone has smartphones and internet access nowadays has really levelled the playing field in healthcare. It means top-notch medical services are within reach for more folks, and that opens the door to some big opportunities in the market. The Indian Health Tech sector seamlessly blends innovation with necessity, presenting a compelling investment opportunity. #InvestmentOppotunity #HealthTech #QiVentures
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The HealthTech sector is evolving rapidly, and 2023 is shaping up to be another year of remarkable innovation, especially in India. The COVID-19 pandemic has brought digital health solutions to the forefront, offering Indian entrepreneurs unprecedented opportunities. In this article, we’ll delve into the current landscape of starting a business in HealthTech in India. Read the full article here: https://lnkd.in/dCi3x3G5 #HealthTech #healthcare #miecor #covid
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The Indian healthtech industry is undergoing a significant transformation, driven by technological advancements, innovative solutions, and evolving healthcare needs. From telemedicine to AI and IoMT solutions, the industry is evolving to cater to diverse patient needs and optimize clinical outcomes. Corporate investment in healthtech startups through CVC initiatives will play a vital role in spurring entrepreneurship, fostering ecosystem development, and creating jobs. As corporates embrace innovation and collaboration, they are poised to shape the future of healthcare in India, driving greater accessibility, affordability, and quality of care for millions across the nation. The future of healthcare in India is bright, and corporates are playing a pivotal role in driving this transformation. Partnership between corporates and startups will create a sustainable and advanced healthtech sector that benefits everyone. Sanjay Mehta Ninad Karpe Yagnesh Sanghrajka Shashank Randev Vatsal Kanakiya Prakruti Mukul Jainish Rathod Sejal Agarwal Harshita Shrivastav 100X.VC #healthtechinnovation #innovation #collaboration #CVC #healthcare #India #healthtechstartup #corporateventurecapital
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The Healthcare Startups Ecosystem in India: Innovating for a Healthier Tomorrow 🏥🚀 India's healthcare sector is undergoing a transformation, and at the heart of this change lies a dynamic ecosystem of healthcare startups. These innovative ventures are rising to the challenge of addressing the unique healthcare needs and challenges of India's vast and diverse population. Tailored Solutions: Healthcare startups in India are pioneering solutions that are tailored to the country's specific healthcare landscape. From telemedicine platforms connecting remote patients to doctors, to affordable diagnostic services, and mobile health apps, these startups are making healthcare more accessible, convenient, and cost-effective. Filling Critical Gaps: In a country where healthcare infrastructure is often strained, startups are filling critical gaps. Ambulance services, home healthcare providers, and rural healthcare delivery models are some examples. These initiatives are ensuring that healthcare reaches even the most underserved areas. Research and Development: Some startups are actively engaged in medical research, developing indigenous medical devices, and working on drug discovery projects. This not only contributes to India's scientific capabilities but also promises breakthroughs in healthcare. Resol+ve operations are dedicated to delivering exceptional healthcare market research data and insights tailored to your product or service. Resolve specializes in meticulous secondary market research, data validation, and facilitating insightful interviews with industry experts. Have a look at our Resolve Page: Resolve(ResOL+ve) #translators #translation #culture #crosscultural #freelance #localization #crossculture #interpretation #xl8 #t9n #g11n #languages #languageservices #i18nv #creative #creativity #marketresearch #Indianmarket #market #solutions
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IIT Roorkee| Product Management | Quantitative Strategy
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