Zealthix, a comprehensive SaaS based Healthcare platform has raised USD 1.1 Million in a seed round led by Unicorn India Ventures with participation from AlphaGen Venture Capital.
Funds raised will be used for expansion and revenue growth. Additionally, a sizable portion will also be invested in making technology more robust and achieving the mission of making the Indian Healthcare ecosystem more digitized, streamlined and interoperable.
Founded in 2023, by serial entrepreneurs Abhishek Kumar and Avinash Gupta, Zealthix is a comprehensive SaaS based Healthcare company for Payers/Insurers to be able to offer OPD/comprehensive healthcare plans to their users. The company provides a cloud-based middleware platform that bridges fragmented healthcare systems and delivers comprehensive healthcare plans with unparalleled efficiency and innovation. By abstracting complexity and automating workflows, Zealthix platform streamlines the entire process of curating and fulfilling OPD/Comprehensive health plans, enabling Payers and Insurers to provide a seamless, technology-driven experience for their users. This results in creating a digital infrastructure & enabling Cashless OPD network.
In the last 12 months, Zealthix has acquired 20 paying customers that are a good mix of insurers, brokers and care plan companies. The Company has also gone live with Zealthix OPD stack with multiple customers, Partners & Insurers.
Commenting on the Investment Anil Joshi, Managing Partner, Unicorn India Ventures, says
Advances in cloud computing have massively changed the technological landscape of businesses. India’s healthcare SaaS sector has entered a golden phase of adoption, showing promising ability to offer quality and timely services. What we are witnessing is not just digitization but a creation of a robust scalable healthcare ecosystem which will redefine how healthcare services are offered. The company has witnessed progress in the last 12 months and has designed new technology solutions. Hence, we believe the market opportunity is huge and the company has built the right momentum to capitalise on this segment.”
Zealthix has been certified by NHA as a connector, which can make any Health provider using proprietary technology become ABDM compliant and interoperable. It is the first platform to be certified by ONDC for Healthcare Seller Node. This will democratize the healthcare service distribution in India. Additionally, Zealthix’s ubiquitous provider platform is enabling Health Providers to become technology ready, leveraging the power of AI to manage their business seamlessly using partner management, contract management, payment & reconciliation, smarter customer engagement, compliance, data digitization, smart report, and more.
Abhishek Kumar, Co-founder & CEO, Zealthix says, “Having built businesses, which created categories such as BeatO (first in Condition/Care/Disease Management space) & BookMyCab (first in cab aggregation space), we are driven by our passion of making Indian Healthcare Ecosystem more digitized, streamlined and interoperable. Be it OPD or In-patient experience, as customers, we encounter broken systems, offline processes and poor experience. The government, too, is looking to digitize the healthcare ecosystem. Providers are looking to become more technology efficient. The timing and support we are getting from the ecosystem is tremendous. We want to contribute in our own ways to help various stakeholders with technology, workflow, digitization & AI adoption’
Over the next 12 months, Zealthix aims to double down on reaching out to health providers, understanding their issues, helping them with technology to make their business more efficient, compliant, digitized & interoperable.
On the payer side, the company’s OPD stack will continue to evolve and will start catering to all possible use cases. With technology and a robust SaaS platform, it will empower payers to configure & launch health products very quickly and be able to deep dive on the product performance including sales, utilization and renewals using our pre-built customizable tools.
About Unicorn India Ventures
Started in 2016 by Bhaskar Majumdar and Anil Joshi, Unicorn India Ventures is a technology focused early-stage venture fund that invests in emerging and visionary startups. Unicorn India Ventures launched its first fund with a corpus of Rs 100 crore and invested in 17 companies like SmartCoin, Open Bank, Sequretek, Pharmarack, Genrobotics, Clootrack, FutureCure to mention some. The Fund has emerged as the best performing early-stage fund in India with the stellar exits provided by the fund to its LPs.
Fund II is a Rs 300 Cr fund launched in 2020 that has invested in 20 companies so far like Gamerji, Probus, Daalchini, Windo, HiWi. Most of the portfolio is scaling up fast and has had several uprounds.
Unicorn India Ventures is closing its Rs 1000 Cr Fund III. The first close was reached at Rs 225 crore. The Fund is expected to reach its final close this year. With this Fund, UIV aims to build a portfolio of 20 startups that are focused mostly in the deep tech sector that includes semiconductor, space tech, and medical diagnostics apart from SaaS and India digital platforms. Unicorn has already made 15 investments from this fund and includes companies like Netrasami, Qubehealth, Orbitaid, Aurassure amongst others.
About Zealthix
Zealthix is a comprehensive SaaS based Healthcare Infrastructure for Payers/Insurers to be able to offer OPD/comprehensive healthcare plans to their users. Zealthix empowers healthcare Payers/Insurers to deliver comprehensive healthcare plans with unparalleled efficiency and innovation. Our robust platform streamlines the entire process of curating and fulfilling OPD/Comprehensive health plans, enabling Payers and Insurers to provide a seamless, technology-driven experience for their users.
Zealthix SaaS platform for Partners allows Insurers/Payers to configure OPD plans digitally and use it in a headless/UI based approach to be embedded with their core systems. In the process, we also standardize health data and offer interoperability for seamless real time visibility of billing & clinical data from providers to payers. This results in creating a digital infrastructure & enabling Cashless OPD network.
Zealthix Health Cloud Exchange, a middleware integrates disparate Health systems and providers in India to power Comprehensive Health Insurance including OPD coverage. Zealthix follows global standards such as FHIR, LOINC, ICD10 and SNOMED CT and also helps providers comply with Govt initiatives such as ABDM , NHCX and ONDC in line with standards released by NRCeS.
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