Tag: HealthTech 🩺

LifeChart Ayurveda: India’s First Digital Alternate Healthcare Platform

The healthcare industry is one of the most prominent industries in the world. It is the industry that keeps coming up with new innovations and technologies to help people improve their lives and increase their lifespan.

However, in many cases, new scientific technologies and innovations are put to the test, and an important Indian medicine system like Ayurveda proves to be more useful. Here, a great example of a healthtech platform is LifeChart which bridges the gap between Ayurveda, science, and technology and helps provide authentic alternative wellness solutions.

In this article, learn more about LifeChart Ayurveda, its founder, its business and revenue model, its future plans, and more.

LifeChart Ayurveda – Company Highlights

Startup Name LifeChart Ayurveda

Headquarters Gurugram, Haryana, India

Sector Health & Wellness

Type Private

Founder Mukul Shah

Founded 2021

Website lifechartayurveda.in

LifeChart Ayurveda – About
LifeChart Ayurveda – Industry Details
LifeChart Ayurveda – Founders and Team
LifeChart Ayurveda – Startup Story
LifeChart Ayurveda – Mission and Vision
LifeChart Ayurveda – Name, Tagline and Logo
LifeChart Ayurveda – Product/Services
LifeChart Ayurveda – Business and Revenue Model
LifeChart Ayurveda – Customer Growth and Retention Strategies
LifeChart Ayurveda – Challenges Faced
LifeChart Ayurveda – Growth
LifeChart Ayurveda – Funding
LifeChart Ayurveda – Key Tools and Software
LifeChart Ayurveda – Awards and Achievements
LifeChart Ayurveda – Competitors
LifeChart Ayurveda – Future Plans

LifeChart Ayurveda – About

Established in 2021, Lifechart Ayurveda proudly holds the distinction of being India’s sole alternative healthcare company exclusively specializing in digital end-to-end gut solutions grounded in the principles of Ayurveda. Their commitment is unwavering – to redefine health and well-being by adopting a holistic approach to gut health. What sets them apart is its unique fusion of cutting-edge technology with the proven efficacy of ancient Ayurvedic wisdom, heralding a revolutionary change in the health and well-being of millions of Indians at affordable costs.

At the core of their mission is the belief that Ayurvedic solutions should be accessible to all. Lifechart is dedicated to making the transformative benefits of Ayurveda available to a diverse audience, ensuring that its platform remains a beacon of affordability in the realm of alternative healthcare.

A key distinguishing factor for Lifechart is its introduction of an AI-based diagnosis platform, working in tandem with expert solutions from certified Ayurvedic doctors. This innovative synergy isn’t just transforming the health
landscape in India; it’s making a significant impact on alternate healthcare ecosystems across the globe. Lifechart is pioneering a transformative journey, where the marriage of technology and ancient healing traditions is creating tangible, positive changes in the lives of individuals seeking comprehensive and effective gut solutions.

LifeChart Ayurveda – Industry Details

The Ayurveda market is substantial, valued at $6.5 billion in 2020 and projected to reach over $20 billion globally with a CAGR of 15.63%. Lifechart targets a significant portion of this market, particularly in India, where a vast majority of the population uses Ayurveda products. Their startup has captured a growing share of this market by addressing the unmet need for effective and affordable gut care solutions.

Lifechart’s vision is to create the world’s largest community of Alternate healthcare professionals & paitents compare them to the next EU YAN SANG or Herbalife from India, where at present they will specialize over Gut health as a category & shall be launching nearly 50-60 new products under the same, their AI has predicted Gut health as a new growing demand for Bharat & world & they want to become a specialist curative brand rather many other generalist competitors. They are also coming up with a few unique distribution strategies for their TG which is middle class tier 2 & tier 3 Bharat, which would enable door step diagnosis testing, doctor consulting & products distribution at much more affordable rates to bridge the gap between cream Ayurveda & genuine users.

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LifeChart Ayurveda – Founders and Team

Mukul Shah – Founder of LifeChart Ayurveda

Their team consists of 30 dedicated professionals, including the co-founders:
Mukul (CEO): Responsible for growth, finance, investments, marketing.

K Sandeep (CTO): In charge of developing a scalable tech stack powered by AI and ML engines.

Mansi Sharma (COO): Oversees operations, customer experience, new product development, and compliance.

LifeChart Ayurveda – Startup Story

For the last 30 years, Mukul Shah’s mother has been suffering from Type II diabetes. The usage of general medicines for many years affected her kidneys, resulting in poor digestion, and other problems. This led Mukul to look out for alternative solutions, and most of his research was pointing towards Ayurveda
treatment, he says. “When Mukul started looking for Ayurveda doctors, there was no way to find qualified Ayurveda doctors, but luckily a friend of mine recommended an Ashram, which was located 250 kms away from Delhi. But there was no proper booking management system and it was not digitised,” says Mukul.

However, Mukul managed to take his mother to the Ashram for consultation. After going through the programme for six months, he noticed a drastic change in his mother’s health, and her dependency on modern medications was reduced to 20%. “That is when Mukul decided to create an alternate healthcare ecosystem for India and the world, and that is how Lifechart was born,” states Mukul. In order to test its prototype, they made a MVP App with a single solution to connect patients to BAMS Ayurveda doctors, the App got listed on playstore & within 2 -3 months they had nearly 49k downloads with 4.5 star rating, they were doing like 2000- 3000 consultations a month, this was enough for them to validate the prevalent gap in the market.

Recognizing the pervasive impact of lifestyle issues on the gut health of nearly 7 out of 10 Indians, the imperative to establish a tech-driven Ayurvedic gut specialist brand was undeniable. This realization served as the cornerstone for the inception of Lifechart Ayurveda, positioning itself as India’s pioneer and exclusive gut-
specialist platform. Here, customers gain access to a comprehensive suite of offerings, including tech-based diagnostics, the expertise of certified Ayurvedic practitioners, rigorously tested gut-specialist formulations, and personalized after-care programs.

The core philosophy behind Lifechart is rooted in addressing the pressing need for specialized care in gut health, a critical aspect of overall well-being often overlooked. Their commitment to providing holistic solutions is evident in their unique offerings, making Lifechart the forefront leader as India’s premier gut specialist brand. What sets them apart is their relentless focus on research-based and technology-backed Ayurvedic solutions, ensuring that their customers receive the highest quality of care.

Today, Lifechart has solidified its position as the country’s preeminent gut specialist brand, proudly holding the title of India’s number-one choice for those seeking research-based, technology-driven Ayurvedic solutions.

LifeChart Ayurveda – Mission and Vision

Vision: Lifechart aspires to emerge as the foremost global leader in technology-driven platforms, delivering personalized, reliable, and cost-effective Ayurvedic gut-care solutions for both preventive and curative dimensions of health and well-being to a diverse global audience.

Mission: Rooted in a profound commitment to making a positive social impact, Lifechart is dedicated to pioneering a transformative shift in alternative healthcare. The company aims to achieve this by providing secure, effective, and dependable Ayurvedic formulations specialized for optimal gut health, thus contributing to the overall well-being of individuals globally.

Core Belief: At its core, Lifechart operates under the belief that health is an all-encompassing journey, and a balanced gut plays a pivotal role in overall well-being. The company firmly believes in the transformative potential of Ayurveda, seamlessly integrating ancient wisdom with cutting-edge technology to offer individuals the tools they need to proactively manage their health. Lifechart’s fundamental philosophy revolves around empowering individuals to embrace a proactive approach to their well-being through accessible and personalized Ayurvedic solutions.

LifeChart Ayurveda – Name, Tagline and Logo

LifeChart Ayurveda Logo

Name: LifeChart

Tagline: Making Holistic Alternate Health Available Instantly

LifeChart Ayurveda – Product/Services

Lifechart Ayurveda takes pride in seamlessly merging technology with ancient wisdom to offer comprehensive gut-care solutions to the masses. Their technology-based diagnosis ensures end-to-end gut solutions, facilitated by a network of over 500 certified BAMS doctors. These highly qualified practitioners provide free consultations and prescriptions based on patients’ past records, health conditions, and genetic makeup.

A key differentiator for them lies in maintaining the highest standards of quality and purity in their herbal formulations. All their Ayurvedic medicines are fully developed, formulated, and produced in-house, undergoing rigorous safety and quality checks before reaching consumers. Approval from leading certifiers, including the reputable quality testing agency FICCI Labs, underscores the credibility of their formulations.

What sets Lifechart apart is its customer-centric approach, allowing it to deliver top-notch gut solutions at affordable and value-for-money prices. As India’s first Gut health-tech company, they are dedicated to building an alternate healthcare ecosystem that reaches the masses of Bharat, ensuring accessibility at an affordable price point.

Their vision goes beyond providing solutions; they aim to transform the patient experience in underserved markets by bridging existing gaps in primary healthcare. Through their unique business model, which incorporates an AI-based platform, they not only connect patients with Ayurveda doctors instantly but also offer doctor-formulated Ayurvedic products, clinically tested and followed by disease recovery patient care management programs – all under one roof.

In its commitment to innovation, they are developing a platform that not only bridges the gap between patients and premium Ayurveda but also looks ahead to predicting future diseases region-wise and suggesting health improvements. Their approach involves refining formulations based on past results and providing advanced diagnostic tools for Ayurveda doctors, ensuring a holistic and predictive healthcare experience for its users.

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LifeChart Ayurveda – Business and Revenue Model

As mentioned above Lifechart, they stand as India’s pioneer Gut health-tech company, dedicated to constructing an alternative healthcare ecosystem that caters to the masses of Bharat at an affordable price.

Their vision revolves around transforming the patient experience in underserved markets by addressing gaps prevalent in primary healthcare. A source of pride for them is its swift connectivity between customers and Ayurveda doctors, achieved within 60 seconds through AI-based technology. This seamless connection allows them to offer not just instantaneous access but also doctor formulated, clinically tested Ayurvedic products. These are complemented by comprehensive disease recovery patient care management programs, all consolidated under one roof.

Their business model is characterized by a distinctive blend of AI-based platform approaches. This not only bridges the gap between patients and premium Ayurveda care but also heralds the future by predicting diseases region-wise, suggesting health improvements, and refining formulations based on past results. As part of their commitment to innovation, they are developing advanced diagnostic digital AI-based tools tailored for Ayurveda doctors, ensuring a comprehensive and predictive healthcare experience for all its users.

LifeChart Ayurveda – Customer Growth and Retention Strategies

Fortunately, they identified a significant industry gap in the challenge of finding Ayurveda doctors and receiving accurate diagnoses. Many existing options prioritize product sales over a systematic diagnostic approach. Their unique approach involves building a community by empowering one million Ayurveda doctors, providing them with a competitive advantage. Focusing exclusively on Gut products further established their brand as a specialized solution for gut-related issues. As a result, their strategies and effective products have contributed to a consistent monthly growth of 20-30%, with a remarkable 40% repeat customer rate.

LifeChart Ayurveda – Challenges Faced

Their primary challenge was entering the crowded market of Ayurvedic products without prior expertise. They aimed to challenge the prevailing perception that Ayurvedic treatments deliver only a placebo effect with minimal or no long-term results. To address this, they conducted extensive research with their team of doctors and established their own research and development (R&D) team called Lifechart Labs.

Lifechart Labs is dedicated to formulating its products, subjecting them to rigorous lab testing for efficacy and results, and ensuring the elimination of side effects. Their in-house team of doctors, boasting a combined experience of over 100 years, leads this effort. This decision stemmed from its initial experience with D2C brands that outsource manufacturing without conducting thorough R&D. Realizing the lack of quick and measurable results in such products, they shifted their focus to establish their own R&D unit.

LifeChart Ayurveda – Growth

In the last 6 months of their inception, their revenues have been growing at 30% MOM and achieved the ARR of 2- 2.4 cr. With strong technology, product mix & distribution models, they have touched the lives of 100,000 customers. After the closure of its current seed round which is 70% subscribed the company aims to close FY24- with a Net Revenue of 40cr & building on this continued growth they aim to touch INR 500cr net revenue number by FY-2026. They are coming up with new unique distribution channels involving a mix of mobility & Ayurveda at your door steps plan, these unique channels are were highly appreciated by Indian Government seed fund programs & Lifechart not only got selected out of 5000 applicants but grabbed an undisclosed grant & many other benefits from the SISF program incubated under Atal Incubation centre.

LifeChart Ayurveda – Funding

Lifechart has secured approximately $200,000 in funding from investors such as Nitish Mitterssain, Expertdojo, and Sunn91 Ventures. The founders have also invested around INR 20 lakhs to kickstart the business. Currently their new round is already 70% subscribed by marquee investors to name a few are marwari angels, Atal incubation fund & one of the biggest pharma listed companies with global presence along with another CAT A angel platform.

DATE Stage AMOUNT Investors Name

May 2022 Pre seeding Funding $200,000 Nitish Mitterssain, Expertdojo, and Sunn91 Ventures

LifeChart Ayurveda – Key Tools and Software

They have their own in-house CRM with its patented AI technology.

LifeChart Ayurveda – Awards and Achievements

The company has got 45k plus customers within 5 months of app launch and also sees a strong trend of 52% repeat customers month on month. At present, they have more than 100 plus Ayurvedic doctors who are all BAMS degree holders & affiliated with the Ministry of Ayush along with 50 plus mind counsellors.

Lifechart raised their pre-seed round in May 2022 which was oversubscribed from marquee investors like Nitish Mitterssain (Founder of Nazara technologies), Sunn91 Ventures, Sarath Sura, US-based VC Expert Dojo and a few other famous angel investors.

The brand won the second best health tech startup award 2022 by the NSDC (National Skill Development Corporation) in just 6 months of its inception.

Lifechart has been recognized by Silicon India under 10 best AYUSH startups in India.

LifeChart Ayurveda – Competitors

In the crowded Ayurveda market, their main competitors are D2C companies. However, Lifechart differentiates itself through cutting-edge technology, including AI-driven diagnostics and demand prediction. Additionally, their holistic ecosystem approach sets them apart, enabling them to provide a comprehensive range of alternate wellness solutions beyond Ayurveda. This differentiation positions them as a global player akin to EU YAN SANG from Bharat.

LifeChart Ayurveda – Future Plans

As part of its ongoing innovation, its upcoming AI features will provide Ayurveda doctors with highly effective digital diagnosis tools. This empowers them to enhance their diagnostic capabilities, leveraging patient historic data and facilitating more precise and personalized treatment recommendations. Their
commitment to advanced technology sets them apart in delivering comprehensive wellness solutions.

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FAQs

What is LifeChart Ayurveda?

LifeChart Ayurveda is India’s first holistic alternative health-tech platform that caters to the overall well-being of individuals. The fast-growing health tech brand is striving to build an alternate healthcare ecosystem that benefits people in India and overseas.

Who is the founder of LifeChart Ayurveda?

Mukul Shah is the founder of LifeChart Ayurveda.

When was LifeChart Ayurveda founded?

LifeChart Ayurveda was founded in the year 2021.

Where are LifeChart’s Ayurveda headquarters?

LifeChart’s Ayurveda headquarters are situated in Gurugram, Haryana, India.

April 1, 2024
India’s Health Startup Expedition: Navigating Progress, Government Backing, and Future Horizons on National Startup Day

On this National Startup Day 2024, we embark on a journey through India’s startup landscape, capturing insights from industry pioneers. From HealthTech to MedTech, nutrition, and beyond, industry leaders share their perspectives on the Indian startup ecosystem. Explore the story of the startup ecosystem’s evolution, understand the pivotal role played by the Government, and explore the promising horizons that lie ahead for these industries.

Join us in celebrating National Startup Day as we delve into stories shaping India’s entrepreneurial journey—a roadmap crafted with determination, backed by government support, and painted with the promise of an exciting future.

Progression of HealthTech and Government Support
MedTech Innovations: A Glimpse into the Innovation, Growth, and Future
Nourishing the Future: Nutrition and Beyond
Wellness in Focus: Paving the Way for Health and Wellness Startups

Progression of HealthTech and Government Support

Dr. Narendra Vankar, Founder and CEO of Quantum CorpHealth, sheds light on the transformative journey of health-tech in India, emphasizing the increased accessibility of healthcare for the population. “The health and startup industries have been revolutionized by introducing health-tech in India. As we progress further with technology, more and more healthcare startups have cropped up in the last ten years, making healthcare more accessible and easy to use for more of the population in India.”

The Government of India has been very pro-startup throughout. From various funding initiatives to incentives like intellectual property rights (IPR) support, patent cost reimbursement, and credit guarantee schemes, GOI has been a staunch supporter of the startup ecosystem, not only in health-tech but also in other industries as well.

Dr. Vankar highlights the significant role of government schemes like the National Health Mission and the Ayushman Bharat Scheme, saying, “Additionally, schemes and missions like the National Health Mission and the Ayushman Bharat Scheme both play huge parts in making healthcare easier and more accessible to India’s ailing and elderly population. Through improving the availability of medical equipment and supplies, they promote community participation and engagement in healthcare decision-making and service delivery.”

Looking ahead, Dr. Vankar expresses optimism about the future of healthcare in India. “The Indian healthcare system has made significant progress in recent years. With India also becoming a destination for medical tourism with its skilled doctors and advanced treatments, the healthcare industry in India is becoming a safe bet for investors and patients alike. We can be optimistic about the future of healthcare and medicine in India, considering the constant and continued investment in healthcare and innovation.”

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MedTech Innovations: A Glimpse into the Innovation, Growth, and Future

Transitioning from the insights of health-tech, Mr. Pranav Bajaj, Co-Founder of Medulance, brings a crucial perspective from the Medtech and ambulance industry. “As advocates for advancing healthcare resilience, Medulance Healthcare eagerly anticipates the upcoming budget as a pivotal opportunity to fortify India’s emergency services.”

Mr. Bajaj emphasizes the crucial role of ambulances and the paramedic sector. “Recognizing the indispensable role of ambulances and the paramedic sector, we urge the government to prioritize strategic investments in these areas to improve response times and overall emergency medical care efficacy.”

A key expectation from Medulance is the revision of the GST structure for ambulance procurement. “Currently burdened with a 28% GST, we propose a significant reduction to 0%. This move not only alleviates financial constraints but also incentivizes the nationwide enhancement of emergency fleets, contributing to faster and more effective emergency response.”

Commending the government’s progressive stance, Mr. Bajaj underscores the importance of exempting consumers from GST on emergency services. “We commend the government’s progressive stance in exempting consumers from GST on emergency services, ensuring immediate medical attention remains accessible without additional financial burdens.”

Expressing a forward-looking perspective, he sees the upcoming budget as an investment in the health and safety of citizens. “Medulance Healthcare views this budget not just as a fiscal adjustment but as an investment in the health and safety of our citizens. We look forward to a budget that not only acknowledges the critical role of emergency services but actively contributes to their enhancement, reflecting a commitment to the well-being of the nation.”

Mr. Deepak Sharma, CEO and Co-founder of MedLern, shares his insights saying, “India has made significant strides in the startup ecosystem, emerging as one of the world’s most dynamic and vibrant environments for new businesses.”

Acknowledging the pivotal role of government initiatives, Mr. Sharma highlights the impact of ‘Startup India.’ “Government initiatives such as ‘Startup India’ have played a pivotal role in fostering a conducive environment and providing support through funding, mentorship, and policy reforms.”

Sharma delves into the various measures the Government of India has taken to support and accelerate the growth of the MedTech industry. “The National Health Policy outlined the government’s commitment to promoting the development and deployment of medical technologies. It emphasized the importance of innovation and technology in improving healthcare delivery. The National Digital Health Mission (NDHM) is another promising step that the Government took in the direction of fuelling MedTech’s growth.”

Discussing the promising trajectory, Mr. Sharma outlines key trends in the MedTech industry. “The MedTech industry in India is marked by several promising trends. Rapid advancements in healthcare technology, including diagnostics, imaging, and telemedicine, are expected to revolutionize patient care and treatment methodologies.”

He emphasizes the collaborative nature of the industry and the potential for cutting-edge solutions. “Collaborations between healthcare providers and technology companies are likely to foster the development of cutting-edge solutions.”

Anticipating future growth, Mr. Sharma sheds light on government initiatives promoting domestic manufacturing and research. “Government initiatives promoting domestic manufacturing, research, and development, such as the Medical Device Parks and the PLI (Production Linked Incentive) Scheme, are anticipated to boost local production, reduce dependency on imports, and enhance the industry’s competitiveness.”

Additionally, he discusses the role of technology, especially artificial intelligence and data analytics. “The integration of artificial intelligence and data analytics into medical devices is poised to improve diagnostic accuracy and patient outcomes.”

As the MedTech sector adapts to the changing landscape, Mr. Sharma recognizes the impact of the COVID-19 pandemic. “The COVID-19 pandemic has accelerated the adoption of digital health solutions, remote patient monitoring, and telehealth services, shaping the future landscape of the MedTech sector.”

He concludes by highlighting the conducive environment for innovation and market growth. “Regulatory reforms and a more streamlined approval process for medical devices contribute to a conducive environment for innovation and market growth.”

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Nourishing the Future: Nutrition and Beyond

Dr. Chetan Savaliya, Director of Satvam Nutrition, provides a broader perspective on India’s startup ecosystem. He said, “During my journey the growth of startups in India has been fueled by supportive government policies, technological advancements, and a thriving entrepreneurial culture. I’ve seen a significant shift in the mindset towards entrepreneurship, with a growing acceptance of risk and a willingness to explore uncharted territories. The government’s initiatives like Startup India and Make in India, alongside digital infrastructure, have played a crucial role. There’s heightened global recognition of India as a hub for innovation, providing opportunities for economic growth.”

Further highlighting the Government of India’s pivotal role in fostering the growth of plant-based herbal products and natural industry through supportive initiatives, Savaliya noted, “Favorable policies and regulatory frameworks has provided a conducive environment for businesses in this sector. The introduction of schemes like the Ayush Mission and National Medicinal Plants Board has specifically targeted the promotion of herbal products, encouraging research and development.”

Sharing his perspective on the future growth of nutraceutical manufacturing, Savaliya said, “The future of nutraceutical manufacturing in India, particularly in the realm of plant-based herbal products and natural supplements, holds promising prospects driven by evolving consumer preferences and global health consciousness. With an increasing focus on holistic well-being, there is a growing demand for ethically sourced, sustainable, and plant-based solutions. This trend aligns with the rich biodiversity of India, offering a diverse range of herbs and botanicals with potential health benefits.

As consumers become more discerning about the origin and composition of their dietary supplements, the nutraceutical industry in India has an opportunity to leverage its traditional knowledge in herbal medicine and Ayurveda. Regulatory reforms have streamlined the nutraceutical approval process, making it more attractive for manufacturers to invest in India.”

“Strategic partnerships, investment in research and development, and adherence to stringent quality standards will be crucial for companies to stay competitive. Embracing technological advancements in extraction processes and sustainable packaging can further enhance the industry’s appeal. The future of nutraceutical manufacturing in India is poised for growth, provided industry players align with evolving consumer preferences, leverage indigenous knowledge, and invest in sustainable and innovative practices,” he added.

Shikha Agarwal, the Nutritionist, and Owner at Nurture, shares her insights in the healthcare domain. “In my startup journey, I’ve seen India’s dynamic progress fueled by heightened health awareness and government initiatives like National Poshan Maah.”

Highlighting the impact of schemes like National Poshan Maah, Agarwal notes, “These schemes have elevated public interest in nutrition, propelling growth in the healthcare industry.”

“Looking forward, the sector is primed for expansion, driven by a health-conscious populace. Emerging trends point to a surge in demand for personalized nutrition and digital health solutions, offering startups abundant opportunities in this evolving landscape.” Agarwal added.

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Wellness in Focus: Paving the Way for Health and Wellness Startups

Shifting gears to the health and wellness domain, Jatan Bawa, Co-Founder of Perfora, emphasizes the crucial role startups play in India’s growth, “Startups are playing a very important role in driving growth for our country. Across different domains, there is a massive opportunity for startups to address problems for people in India.”

Reflecting on the pre-pandemic focus on convenience and the post-pandemic shift to health and wellness, Bawa acknowledges the government’s proactive role. “Pre-pandemic, there was a lot of focus on convenience enabled by technology; however, post-pandemic, the focus has been primarily on improving health & wellness.”

He outlines the government’s crucial role in accelerating growth saying, “The Government of India has played a crucial role in accelerating growth in our industry. Policies promoting ease of doing business, financial incentives, and initiatives like ‘Startup India’ have provided the necessary support.”

Looking forward, Bawa sees a promising future for the health and wellness industry. “Looking ahead, the future of our industry in India appears promising. With a continued focus on health and wellness, there are ample opportunities for startups to innovate and address evolving needs.”

Highlighting the importance of collaboration, Bawa emphasizes the role of startups, industry players, and the government in realizing the full potential of the dynamic landscape. “The government’s sustained commitment to fostering entrepreneurship, coupled with emerging technologies, positions the Indian startup ecosystem for robust growth. As we move forward, collaboration between startups, industry players, and the government will be pivotal in realizing the full potential of this dynamic landscape.”

Adding another perspective from Perfora, Tushar Khurana, Co-Founder, expresses optimism about the future. “A decade earlier it would have been impossible to start and build a startup in a seamless way as we are doing it now.”

He acknowledges the government’s super supportive stance towards startups and encourages a focus on adding value to the country. “The government has been super supportive concerning its policies related to startups, and I’m quite optimistic about the future as there are so many problems to solve. This is the decade of startups. For India, this is the decade of entrepreneurship, and I would strongly suggest people think about how they can add value to our country.”

“In the course of our startup journey, the evolution of India’s startup ecosystem has been truly transformative. A mere decade ago, the seamless initiation and growth we now experience with Perfora would have been deemed implausible. The government’s support, underscored by startup-friendly policies, has been instrumental in this paradigm shift,” Khurana added.

Concluding on a note of partnership and resilience, Khurana envisions a flourishing era for startups and entrepreneurship. “Moving forward, a continued partnership between the government and startups will be pivotal, cultivating an ecosystem where ideas can germinate and contribute substantially to the nation’s trajectory. Embracing setbacks, cherishing minor victories, and valuing the entrepreneurial journey will be the linchpin for shaping success in this dynamic era of Indian entrepreneurship.”

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January 16, 2024
Innovating Healthcare: Government Initiatives, Tech Trends, and Startup Insights in India’s Transformation
This article has been contributed by Greeshma Unnikrishnan, Co-founder and Chief Operating Officer, Medprime Technologies.

Technology is driving the world in a direction that was unimaginable centuries ago. Today we live in an interconnected world, driving innovation, automation, and transformation. The field of healthcare is no exception with the health tech industry forging ahead and making progress by leaps and bounds. Owing to the flourishing landscape, demand for innovative health services, and government policies, the Indian health tech industry is predicted to grow to $5.5 billion by 2025. Increased funding and investments, government initiatives, and technological advancements have further bolstered the health tech startup ecosystem. It is interesting to see the current trends that are making headway into the future of the Healthtech startup ecosystem, especially the medical device industry.

Integration of Artificial Intelligence: Digital Microscopy and Beyond
Remote Diagnosis: Breaking Boundaries of Geographies, Distance, and Time
Telemedicine or Telehealth: Mainstream in New-Age Healthcare
Government Support and Initiatives for Healthcare Startups

Integration of Artificial Intelligence: Digital Microscopy and Beyond

With scientific innovations and technological advancements, digital microscopy like all other aspects of medical technology, has showcased continuous improvement in quality, accuracy, and efficiency for life science research, pathology, and more recently, telepathology and telemedicine. It supports researchers and doctors in the interpretation of images, immediate insights, and much more. The integration of AI and machine learning will further automate, reduce time and effort in manual practices, and increase accuracy. The cutting-edge technologies are revolutionary, providing intelligent interpretations, sophisticated analyses, precision, and reliable outcomes.

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Remote Diagnosis: Breaking Boundaries of Geographies, Distance, and Time

The COVID-era took the world by storm but also brought to the forefront the loopholes in the healthcare industry. With borders shut and accessibility in question, remote diagnosis was the silver lining in the chaos. Remote diagnosis is here to bridge the gap of accessibility in healthcare and its adoption must no longer be a matter of choice but compulsion. The field of pathology has seen a transformative change in the form of remote diagnosis, with digital image sharing and timely analysis of images of pathological evidence that goes beyond distance, locations, and time enhancing research, consultation, and diagnosis. Rural India will see exponential growth in healthcare with remote diagnosis and telemedicine.

Telemedicine or Telehealth: Mainstream in New-Age Healthcare

Telemedicine is no longer an aspect of healthcare but must be recognised as mainstream in medicine as its full potential can bridge the major gaps in the system. It allows healthcare professionals to evaluate, diagnose, and treat patients in remote locations using telecommunications technology. Quality healthcare, universal health coverage, and accessibility are all by-products of traditional healthcare. Telehealth offers the advantages of synchronised data, time, and location independence, making treatment for patients more affordable and available.

Government Support and Initiatives for Healthcare Startups

Startup India, Digital India, Ayushman Bharat Digital Mission, National Digital Health Mission, and Make in India to name a few are the pillars of the healthcare startup ecosystem. The government policies and initiatives for startups are laying a conducive environment to thrive and flourish, thus making room for investments, innovations, and advancements in the field of digital healthcare.
- The government initiatives are supporting and assisting in regulatory approvals, enhancing the ease of doing business, ease of raising capital and reducing the compliance burden for the startup ecosystem. The increased number of programs, workshops, and seminars in relation to the regulations eases startups into the process and overcome challenges that could be a hindrance while doing business. There is a solid regulatory framework for startups to avoid lapses and legal issues.
- The (SIPP) Scheme for Facilitating Startups Intellectual Property Protection aids startups in terms of costs to be borne to file a patent, approvals of patents and trademarks, and access to patent and trademark attorneys. There are no professional fees and startups have to pay only the statutory fees making it easy for them to focus on other aspects of the business and save heavy costs which would otherwise add to the financial burden. This also helps startups protect their intellectual property, protecting them from larger companies that may look to copy the innovation by startups.
- Earnest Money Deposit (EMD) is the bid security amount that startups are exempted from paying and can go ahead and participate in tenders and bids. EMD which is mandatory in the procurement process is eased for startups thus avoiding the burden on their financial capabilities. This provides increased opportunities for startups in terms of participation in bids and tenders as the financial cost is handled by the government.
- Government e Marketplace (GeM), set up by the Government to make public procurement process transparent, efficient, and inclusive. It is a centralised and unified fully automated portal where common user goods and services can be procured, a dynamic, self-sustaining, and user-friendly portal for making procurement by Government officers. A category called Startup Runway makes the procurement of innovative patented products much easier by bypassing the need for buyers to get multiple quotations.
- The tax holiday for startups came as a respite where startups can avail 100% tax exemptions on profits earned for a block of three years in the first ten years of incorporation.
The digital Healthtech startup industry is making healthcare accessible, affordable, and available. With the help of government policies and initiatives, the Indian healthcare startup ecosystem is forging ahead toward progress, growth, and innovation.

List Of Government Schemes for Startups in India

Looking for financial assistance and resources for your startup? Check out our comprehensive list of government schemes for startups in India.

StartupTalkyAshwini
January 15, 2024
Investing in the Future of Healthcare: Why You Should Keep an Eye on Health-Related Startups and Stocks

Investing in pharmaceutical stocks has become increasingly popular in recent years. The pharma sector continues to grow at a rapid pace. With the UK boasting a number of strong pharmaceutical companies, there are plenty of options for investors looking to make a long-term commitment. Here are 3 UK Pharma stocks I’d buy to get rich in 10 years:

1. AbbVie (NYSE: ABBV)

AbbVie is a leading global biopharmaceutical company that specialises in a range of therapeutic areas including oncology, immunology, neuroscience, and virology. AbbVie’s blockbuster drug Humira is a top-seller, and the company expects to profit significantly from its anti-inflammatory drugs Rinvoq and Skyrizi. AbbVie’s pipeline includes 20 different programs in phase 3 testing, making it a great long-term investment.

2. Bristol Myers Squibb (NYSE: BMY)

Bristol Myers Squibb is a leading global biopharmaceutical company that specialises in a range of therapeutic areas including oncology, immunology, and cardiovascular disease. BMS is conducting more than 50 clinical testing programs and recently won approval in the US for two cell therapies. It also manufactures Reblozyl, which treats anaemia in patients with blood disorders and myelodysplastic syndromes.

3. Celadon Pharmaceuticals Plc (AIM: CEL)

Celadon Pharmaceuticals Plc is a UK-based pharmaceutical company with a primary focus on growing indoor hydroponic high-quality cannabis for use in approved medicines. The company is committed to improving quality of life by researching and manufacturing cannabinoids for use in approved medicines with an initial focus on chronic pain. The company also has a majority stake in LVL Health, a chronic pain clinic, alongside a minority stake in cannabinoid-based biopharmaceutical company Kingdom Therapeutics. This provides Celadon with a direct inroad into its target chronic pain market, making it a great long-term investment.

Investing in pharmaceutical stocks can be a lucrative and rewarding long-term commitment. I would be particular keen on investing in Celadon Pharmaceuticals PLC due to the company’s involvement in the legalisation of cannabis. CBD is a huge market as it is, and with the new data being provided to the regulating bodies, the stigma surrounding cannabis will soon be cleared for a lot of people.

Why pharmaceutical stocks?

Pharmaceutical stocks are attractive to investors for a few reasons.

1. Demand

The demand for pharmaceuticals is relatively constant and has been for the past decades. People will always need medication to treat illnesses and diseases, and as the population continues to grow and age, the demand for pharmaceuticals is likely to increase. Additionally, the pharmaceutical industry is highly research-driven, and companies are constantly working to develop new drugs to treat illnesses and diseases. This means that pharmaceutical companies are able to charge premium prices for their products and generate high profit margins.

2. Regulation

Furthermore, the pharmaceutical industry is also highly regulated – and for good reason.

This provides a great level of stability for investors, as companies must go through a rigorous approval process (FDA) before they can bring a new drug to market. This helps to ensure that only safe and effective drugs are available to patients while providing investors with a prospective reflection on the companies potential ROI on a new drug.

3. The Pipeline

In addition, one of the key factors to consider when investing in pharmaceutical stocks is the strength of the company’s pipeline. What does that mean?

Well, a strong pipeline of new drugs in development increases the chances of potential growth, as the company will be able to generate revenue from new drugs and medications they bring to the market. Additionally, companies with a diversified pipeline are less likely to experience significant drops in revenue if one drug in their portfolio loses patent protection or is not as successful as expected.

What about risk factors?

As with any investment, there is a certain risk involved.

Aside from traditional risks that come with an investment into stocks, here are a few more risk factors that apply to pharma companies specifically.

1. Regulatory Issues

One of the key factors in the success of a drug is whether it will be approved by regulatory bodies, such as the FDA or EMA. There’s always the possibility that a new drug in development may not be approved, which can cause significant delays or even the failure of the product.

2. Patent Issues

When a drug’s patent expires, other companies can begin manufacturing and selling generic versions of the drug, which can significantly reduce the original company’s revenue as many tend to outsource this to the middle east or India. This can in turn have a major impact on a company’s profits and overall financial stability.

3. Adverse Events

Certain drugs can have unexpected side effects, and when it’s the case, the drug may be withdrawn from the market, leading to significant financial losses for the company, and reputational damage or even law suits.

4. Competitions and Innovation

New competitors and advances in technology can make a company’s products obsolete and lead to a decline in revenue and profits. Especially the biotechnology sectors has seen rapid growth in the past years. Biotechnology and genetic engineering have allowed for the production of highly targeted and personalized therapies, such as monoclonal antibodies and gene therapies, which have the potential to further revolutionize the treatment of various diseases.

Consider these risk factors before you ultimately decide whether to invest into a stock or not.

Conclusion

Overall, investing in a few promising pharmaceutical stocks can be a great long-term commitment, as the demand for pharmaceuticals is relatively constant and the companies are constantly researching and developing new drugs.

The above-mentioned companies, namely AbbVie, Bristol Myers Squibb and Celadon Pharmaceuticals Plc are great options for explore if you’re looking to make a long-term commitment by investing into the the pharmaceutical industry.

January 5, 2023

Startup Name	LifeChart Ayurveda
Headquarters	Gurugram, Haryana, India
Sector	Health & Wellness
Type	Private
Founder	Mukul Shah
Founded	2021
Website	lifechartayurveda.in

DATE	Stage	AMOUNT	Investors Name
May 2022	Pre seeding Funding	$200,000	Nitish Mitterssain, Expertdojo, and Sunn91 Ventures

The Success Story of Torrent Pharma becoming a drug manufacturing giant

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. Torrent Pharma has approved the content in this post.

Diseases and medications have been an essential part of our lives since the dawn of time. The human body has health issues, and with the fast-paced lifestyle today, it is increasing like anything. Heart problems, diabetes, and blood pressure are some of the common diseases in today’s world. These issues are on the rise, and so is the pharmaceutical industry.

Pharma industries have become an integral part of our lives. This particular industry has a huge social responsibility while creating pharma products. One such well-known company like Torrent Pharmaceuticals Ltd. deals mainly in manufacturing drugs for Cardiovascular, nervous system (CNS), gastrointestinal, diabetes, etc. It was founded in 1959 by Indian businessman Uttambhai Nathalal Mehta.

Get all the details we have covered about Torrent Pharmaceuticals in this article. Learn about Torrent Pharmaceuticals’s business strategy, its products, the startup story, funding and investors, and more.

Torrent Pharma – About

Torrent Pharma, the flagship company of the Torrent Group, is one of the country’s leading pharmaceutical enterprises. As per records, it ranks eighth in the Indian Pharma Market and is in the top five in the therapeutic areas of Cardiovascular, Central Nervous System, Gastrointestinal, and Vitamins Minerals Nutritionals. Other than being present in these therapeutic areas, the company has a strong presence in diabetology, pain management, gynecology, cancer, and anti-infective industries.

Torrent Pharma has eight production sites, out of which 7 are in India and 1 in the United States, five of which are FDA-approved. It has invested heavily in R&D capabilities, with state-of-the-art R&D infrastructure employing over 700 scientists, as the backbone for its expansion in the local and international markets.

Today, the company has a presence in over 40 countries and is ranked first among Indian pharmaceutical companies in Brazil, Germany, and the Philippines.

Torrent Pharma – Company Highlights

Date	Funding Round	Fund Amount	Investors
January 7, 2021	Venture Round	₹5.6 billion	ADQ
November 9, 2020	Private Equity Round	₹11.3 billion	Goldman Sachs
July 31, 2020	Private Equity Round	₹2.3 billion	Tata Capital
January 6, 2020	Private Equity Round	₹5.4 billion	True North

Torrent Pharma – Industry details

The high rise of numerous diseases is resulting in the improvement of the healthcare sector these days. According to a report, the worldwide pharmaceutical manufacturing market is estimated to be worth $957.59 billion by 2028, which is growing at a CAGR of 11.34%.

Torrent Pharma – Founder

Uttambhai Nathalal Mehta is the founder of Torrent Group. Torrent Pharmaceuticals is the flagship company of the Torrent Group.

Uttambhai Nathalal Mehta

U.N Mehta was born in Mehmadpur, a tiny hamlet in India’s Palanpur district in 1924. While living at the Mahavir Jain Vidyalay hostel, he earned his B.Sc. from Wilson College. He began his career as a government servant. From 1945 through 1958, he worked as a medical representative for the pharmaceutical corporation Sandoz.

It was in 1959, that U.N Mehta made the ground-breaking decision to establish his own company, Trinity Laboratories, with a starting capital of only Rs 25,000. This organization began producing specialized medications. It was a significant move at a period when only multinational corporations produced specialty medications, and Mr. Mehta went on to found Torrent Laboratories in 1976. The firm began promoting a variety of important pharmaceuticals at extremely lower rates and quickly established a reputation for itself. Torrent is now a huge corporation involved in pharmaceuticals and electricity generation.

U.N Mehta is commemorated by the U. N. Mehta Institute of Cardiology and Research Centre (UNMICRC) in Ahmedabad, Gujarat. He received various honors, including the Government of India’s ‘Business Man of the Year’ award in 1996-97. He is also known for his philanthropic contributions and has also financially supported social, educational, and humanitarian institutions and causes.

U.N Mehta was married to Shardaben Mehta. They have four children: two sons, Sudhir Mehta and Samir Mehta, and two daughters, Meena and Nayna. He left for the heavenly abode in 1998 in Ahmedabad.

Samir Uttamlal Mehta

Samir Uttamlal Mehta along with his brother Sudhir Mehta run the business of the Torrent Group. Samir has a master’s degree in business administration from the B.K. School of Business Management. Torrent Pharma took several strategic initiatives under his leadership, including ventures into novel therapeutic and geographies, large investments in product development infrastructure and capabilities, building state-of-the-art manufacturing facilities, and acquisitions, establishing Torrent as one of India’s fastest-growing and most respected Pharma companies.

Samit Mehta is responsible for the Group’s entry into the burgeoning City Gas Distribution sector by participating in bidding rounds for new territories and acquiring existing CGD firms to increase its commercial footprint.

Sudhir Uttamlal Mehta

Sudhir Uttamlal Mehta joined the family business in the early 70s. He has a bachelor’s degree from Gujarat University. Mr. Mehta joined his father in handling the activities of Torrent Pharma after finishing his schooling and began studying the complexities of business and management under his father’s guidance. He contributed significant dynamism and business acumen to the Group, culminating in the first success of Torrent Pharma, the Torrent Group’s flagship firm.

Torrent Pharma – Startup Story

The actual story of Torrent Pharmaceuticals began in 1971 as a Private Limited Company by Shri Rajnikant C. Patel and his family members. Later on, it was acquired by U.N Mehta. The Company’s primary business was the production of pharmaceutical formulations and bulk pharmaceuticals. The Company’s products had a strong reputation and were highly recognized in the market from that time.

On 28th June 1989, the Company became a deemed Public Company under the provisions of Section 43-A of the Act and by a Special, Resolution passed on 25th July 1992 at the Annual General Meeting, the Company became a Public Limited Company within the meaning of Section 3(1)(iv) of the act and adopted a new set of articles.

Fast forward to 1994, in the Indian market, the company was the first to introduce ranitidine (Ranitin), nifedipine (Calcigard), atenolol (Betacard), domperidone (Domstal), diltiazem (Dilzem), amiodorane (Cordarone), lisinopril (Listril), and other medications. During the same year, the Company introduced many new medications, including Zirtin, Tyklid, Flutamide, and Topcef, all of which were favorably welcomed by the market. In 1997, the firm made strategic agreements with world-renowned pharmaceutical companies such as Sanofi in France for cardio-vascular products and Novo Nordisk in Denmark for diabetes treatment. With sales in over 70 countries and a network of international marketing offices, Torrent become one of India’s top exporters of medicinal formulations during that period.

All these years, the contributions by Torrent Pharmaceuticals were many. Recently, the company launched MSD (a brand name of Merck & Co., Inc, Kenilworth, NJ, USA) and Ridgebacks molnupiravir under the brand name Molnutor.

Torrent Pharma – Mission and Vision

Torrent Pharma’s mission statement is, “We commit ourselves to total customer care by delivering world-class products and services.”

The vision statement is, “To become the Most Respected Pharma Company.”

The company strongly believes in its Core values upon which it ensures longevity. Its core values are:

Integrity
Passion for Excellence,
Participative Decision Making,
Concern for Society & Environment,
Fairness with Care and Transparency.

Torrent Pharma – Name, Tagline, Logo

The tagline of Torrent Pharma is, “Innovating For A Healthier Tomorrow”

Torrent Pharma – Business & Revenue Model

Torrent Pharma’s business can be divided into three main segments:

India Business

The company has established itself as a prominent participant in the Indian Pharma field, from pioneering specialized marketing in India to earning the moniker “The Company with the Most First Launches.” They have well-separated marketing divisions that are strategically oriented toward distinct therapeutic sectors. Furthermore, it has a dominant position in the therapeutic segments of the cardiovascular, central nervous system, gastrointestinal, and women’s healthcare as mentioned earlier.

The company’s main areas of focus include formulations, API, drug discovery, marketing, and drug sales. Its operational manufacturing & R&D sites are as follows:

The manufacturing plant at Dahej, Gujarat
The manufacturing plant at Pithampur, Madhya Pradesh
Research Centre, Ahmedabad-Gandhinagar region, Gujarat – R & D Centre is spread out over 125,000 Sq. mts. with a built-up area of 41,000 Sq. mts.
The manufacturing plant at Indrad, Mehsana, Gujarat
The manufacturing plant at Baddi, Himachal Pradesh
Corporate Office, besides sales India, off. Ashram Road, [Ahmedabad]- Gujarat
The manufacturing plant at Visakhapatnam (Andhra Pradesh)
3 Manufacturing plant at Rang-Po, (Sikkim)

International Business

Torrent Pharma has its operations in the EU territory. It has operational sites are present in Germany, UK, and Brazil. The company is also an emerging market in countries like Russia, CIS, South East Asia, Asia Pacific, Africa, the Middle East, Australia, and Central and Latin America.

Torrent Pharma is present in African Countries like Kenya, Zimbabwe, Nigeria, Uganda, and South Africa. In Asian countries like – Sri Lanka, Malaysia, Philippines, Vietnam, and Myanmar.

US Business

Torrent has expanded its business footprint in the United States with the acquisition of Bio-Pharm, Inc. (BPI), a generic medicines and over-the-counter (OTC) company situated in Levittown, Pennsylvania. Torrent Pharma Inc., our subsidiary, meets the expanding market demand for our medicines, and we are now rated 10th among US generic Indian companies.

Approximately 85% of the Company’s revenue originates from four key markets: India, the United States, Germany, and Brazil. Torrent Pharma’s business mix (70% BGx and 30% Gx) is highly optimized since it blends steady financial returns with operational leverage and cost competitiveness.

Torrent Pharma’s CSR Activities

Torrent Pharma believes in the philosophy of “Think of others also when you think about yourself”. Through this principle, Torrent Pharma makes ongoing efforts through its CSR initiatives to give back to society for all of the care, healing, support, and nourishment bestowed on us. Its CSR initiatives are:

Community Health care, Sanitation, and Hygiene – Some of the projects are – the U.N.Mehta Institute of Cardiology and Research Centre (UNMICRC), Swadhar, the Community Health Care Centre, and REACH – the Paediatric Healthcare Programme
Education and Knowledge Enhancement – Set up many schools such as – Sharda Mandir Primary School, K.G. Mehta High School, Akhakhol Primary School, and Shiksha Setu: A Teaching-Learning Enhancement Programme in 2011.
Social Care and Concern – Urja Dweep, is a green-power residential complex situated at SUGEN Plant, Surat.

Torrent Pharma – Revenue Growth

Torrent Pharma’s EBITDA margins were 31% (2020-21 32%). Margins were greater the prior year due to Covid-induced cost moderation. Current-year margins were impacted by pricing pressures in the US base business, as well as a lack of fresh releases pending USFDA re-inspection of facilities.

The company reported having a revenue of $1.1 billion in 2022.

Torrent Pharma – Funding and Investors

Torrent Pharmaceuticals has received $40 million in investment in one round. On April 3, 2014, a Post-IPO Equity round was raised. Chrys Capital, an investment firm focused in India, is the company, which has invested in Torrent Pharmaceuticals.

Torrent Pharma – Mergers and Acquisitions

Torrent Pharmaceuticals has acquired five companies. Bio-Pharm was their most recent purchase, which occurred on January 19, 2018.

Date	Funding Round	Fund Amount	Investors
January 7, 2021	Venture Round	₹5.6 billion	ADQ
November 9, 2020	Private Equity Round	₹11.3 billion	Goldman Sachs
July 31, 2020	Private Equity Round	₹2.3 billion	Tata Capital
January 6, 2020	Private Equity Round	₹5.4 billion	True North

Recently, Dr. Reddy’s Laboratories Ltd. has made an agreement with Torrent Pharma to buy four of its brands: “Styptovit-E,” “Finast,” “Finast-T,” and “Dynapress.”

Torrent Pharma – Awards and Achievements

Torrent Pharma has won many awards such as:

It was listed amongst the top five ‘Fastest Growing Companies (Middleweights Category)’ by Business World Magazine – in 2017
Torrent Pharma’s manufacturing plant in Dahej, received USFDA approval – in 2016
Torrent Pharma was recognized as the Most Promising Company of the Year at the 10th CNBC TV18 India Business Leader Awards 2014

Milestones

Torrent Pharma entered into a licensing agreement with Medicine Patent Pool to manufacture and commercialize a generic version of Pfizer Oral COVID-19 Treatment
Torrent Pharma Entered Into Voluntary Licensing Agreement with Lilly to manufacture and distribute Baricitinib for Covid-19 in India – 2021

Torrent Pharma – Competitors

Torrent Pharma competes with the following companies:

Torrent Pharma – Future Plans

Torrent Pharma plans to stay dedicated to remaining patient-centric, delivering best-in-class performance metrics, and driving portfolio innovation in order to achieve above-market growth. The company is anticipating that the US will contribute favorably to the Company’s total growth following facility re-inspection, which will be assisted by new product releases.

FAQs

Who is the founder of Torrent Pharma?

U.N. Mehta is the founder of Torrent Pharma.

What is the rank of Torrent Pharma in India?

In India, Torrent pharma ranks as the 8th biggest pharma company.

Where is Torrent pharma based?

Torrent Pharma is based in Ahmedabad.

October 29, 2022

Top 18 Healthcare and Pharma Startups in India 2022
The hunger for success makes you forget about health. You might be engrossed with your startup but don’t work yourself to death for a bright entrepreneurial future. A wise man once said that health is wealth.

The healthcare sector is growing rapidly in the Indian landscape, in terms of revenue as well as market share. The Indian healthcare industry pegged at $100 billion is expected to grow by 23% by 2020 to $280 billion. This growing market has given rise to many health-tech startups in India. They cater to various healthcare segments, help book appointments, sell medicines online, and operate as a commercialized unit of the venture.

We have also covered a list of Pharmaceutical Startups in India.

In this post, we take a look at some prospering, promising, and growing health startups in India. Here is a list of healthcare companies in India:

List of top pharma startups in India

Netmeds
ImpactGuru
Docplexus
Mera Medicare
3Hcare
Ekincare
Practo
PharmEasy
AddressHealth
Consure Medical
DocTalk
HealthKart
BeatO
Niramai
CrelioHealth (formerly LiveHealth)
Lybrate
Criador Design Labs
Green Cure Wellness

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Netmeds

Netmeds Website

One of the biggest healthcare startups in India, Netmeds is an online platform that has firmly established itself as India’s leading online pharmacy with millions of active customers and deliveries to more than 19,000 PIN codes. It is also called ‘India ki Pharmacy’ and offers streamlined shopping for medicines and other healthcare products through its 24×7 online portal and mobile app.

Netmeds is supported by over 14 logistics centers spread across the country. Netmeds has a multilingual voice, chat, and email customer care center and a team of licensed pharmacists who receive, digitize, and approve millions of handwritten prescriptions.

In 2018, Netmeds had 3 million downloads and grew to more than $512 million; it is projected to top $3.645 billion by the year 2022.

ImpactGuru

ImpactGuru Website

ImpactGuru is a tech-for-good platform founded with a vision to make healthcare accessible to all and save more lives. It provides comprehensive crowdfunding solutions to empower individuals, NGOs, and social enterprises to raise funds for medical emergencies and other similar causes.

Docplexus

Docplexus Website

Docplexus is a platform for doctors where they can create their own communities and discuss problems with other doctors from all around the world. Founded by Phanish Chandra, an IITian, Docplexus has more than 2,75,000 Doctors as its members. It is a free platform; however, one needs to be a licensed doctor to create an account on DocPlexus.

Mera Medicare

MeraMedicare Website

Founded by Pankaj Gupta, MeraMedicare is a healthcare startup. MeraMedicare provides home delivery of medicines in 2 to 12 hours with a 15% discount on almost all medicines. It is a reliable and hassle-free option for ordering medicines.

3Hcare

3Hcare Website

3Hcare is a Delhi-based healthcare startup. It is an online marketplace for healthcare services. 3Hcare provides detailed information on healthcare services across India. Users can simply log on to 3Hcare’s website and find out about diagnostic centers and hospitals as per their requirements. The name “3Hcare” stands for “Help, Health, and Happiness” and signifies the startup’s vision to help people maintain their health and happiness.

Ekincare

Ekincare Website

Ekincare is one of the most innovative health-tech startups in India. Ekincare provides people with the facility to save their medical documents and access those documents anytime from anywhere. Ekincare keeps your data secure and also lets you understand your medical data in a simplified manner through graphical charts and visuals.

Practo

Practo Website

Practo is one of the world’s leading healthcare platforms and an independent medical website that focuses on patients connects millions of patients with healthcare providers and doctors around the world and helps people make better healthcare decisions.

Practo helps its consumers manage healthcare requirements such as searching for healthcare experts, booking an appointment with doctors, online doctor consultation, getting their tests done, and ordering medicines online. Practo is a patient-focused medical website and has over 1 lac doctor profiles from all over India and Singapore. Practo is a free service for the patients and the doctors.

Practo also provides its users with a diagnostics search feature on its web-based platform through high-quality photographs and filter options. It lets users manage their reports and medical data using the app.

Practo is a Bangalore-based health-tech startup launched in 2008. Practo was founded by Shashank ND and Abhinav Lal. They built the software platform to digitize their health records and facilitate online consultations.

PharmEasy

PharmEasy Website

One of the top healthcare startups in India, PharmEasy is a Mumbai-based pharma platform founded by Dharmil Sheth in 2015 .PharmEasy is led by Bessemer Venture Partners and Orios Venture Partners. It is one of the most successful healthcare startups in India. PharmEasy is currently operating in seven cities—Delhi, Mumbai, Bengaluru, Kolkata, Pune, Jaipur and Ahmedabad—and has over 150 partner vendors.

It was launched with a vision to deliver medicines at affordable rates by optimizing supply chain and logistics. PharmEasy now serves more than 100,000 families. The PharmEasy app lets users place orders with just three clicks and re-ordering can be done in one click. It plans to build an ecosystem using technology to connect patients, pharmacies, doctors, diagnostic centers, and healthcare service providers so that each can interact with the other hassle-free. PharmEasy also connects pharmacies spread across the cities, towns, and villages of India.

AddressHealth

AddressHealth Website

AddressHealth was founded by Anand Lakshman in 2010 to ensure that every child attains a state of positive health. AddressHealth is India’s first one-stop-shop for pediatric primary healthcare services.

AddressHealth presently operates three clinics in Bangalore and provides comprehensive pediatric healthcare through clinics and schools for children and adults. AddressHealth has partnered with the government in the MR Vaccine program. AddressHealth reached out to 300,000 students through schools till 2017. It received funding of $1.5 million in series A from Grey Matters Capital and Unitus Seed Fund.

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Consure Medical

Consure Website

Consure Medical is a Delhi-based company founded by Nishith Chasmawala and Amit Sharma in 2012. It is an emerging medical device company that focuses on developing and commercializing novel critical care technologies for 80% of the global population that does not have access to subsidized healthcare. Consure Medical delivers fecal incontinence therapy devices.

Consure Medical delivers a solution for fecal containment to assist bedridden patients. Qora is an applicator inserted into the anal cavity to provide a pathway for stool diversion with very little leakage. It offers Qora stool management kit which contains an indwelling fecal drainage device for the management of fecal incontinence and can be used across a continuum of care facilities, from ICUs to nursing homes. The company is also operational in San Francisco, California.

DocTalk

Doctalk Website

DocTalk is a Mumbai-based healthcare software application to store medical reports and prescriptions and share the same with your doctor. It was founded by Akshat Goenka and Vamsee Chamakura in 2016. DocTalk provides an AI-based virtual assistant application to simplify the healthcare ecosystem of India.

It allows patients to safely save all their medical reports and files on the cloud which can then be accessed from anywhere digitally.

HealthKart

Healthkart Website

Healthkart is a Gurgaon-based company founded in 2011 and offers various fitness products and services to help consumers achieve their fitness goals through its e-health store. It is one of the biggest medical e-stores in India. Healthkart offers various healthcare products such as nutrition supplements, diabetes supplies, home medical devices, and baby care products. These products can be ordered online and are delivered by HealthKart personnel to ensure safety. The healthcare platform was initially launched as a website and a mobile app that would function as a generic drug search portal. It has now become a marketplace for customers to search and purchase much more than just prescribed drugs.

Approximately 80-90% of the supplements sold in India are imported from developed countries like the US and Europe. Heavy customs duty on supplements attracts large amounts of parallel or unethical imports. Given these products have been illegally imported into the country, sourcing information is not available and thus quality becomes a question. HealthKart provides 100% authentic products to its customers by maintaining:
- Tight control over the supply chain.
- Quality control during distribution.
- 14 days hassle-free return policy.
The company has also launched FitUp which is an app for health and fitness supplements. It offers free assistance and nutrition counselling.

BeatO

BeatO Website

Founded for diabetes patients, BeatO provides a convenient and smart device to measure blood sugar levels. You can use them with your smartphone by putting it in the headphone jack and using the strip to measure your blood sugar level. After you measure your blood sugar, it offers you suggestions and shares the results with BeatO’s experts if medical intervention is needed.

Niramai

Niramai Website

Founded in 2016, Niramai wants to minimize fatalities attributed to breast cancer. Breast cancer, which most females take for granted in the initial stages, is one of the most common forms of cancer among women. To make it easier to detect breast cancer at an early stage and that too at a lower cost, Niramai uses thermal analytics and artificial intelligence. The technology is mobile; therefore, offering ease of access and usage.

CrelioHealth (formerly LiveHealth)

CrelioHealth Website

Founded by Abhimanyu Bhosle and Mukund Malani in 2013, Live Health makes it easy for healthcare providers to provide their services. Live Health makes the process for labs easier as they can access the information and reports of their patient online. Live Health also helps clinics and labs with operations, marketing, administration, etc. Through Live Health, labs and clinics can focus on their internal processes and the patients instead of worrying about business factors.

Lybrate

Lybrate Website

Available in 4 cities, Lybrate helps find the perfect doctor near you. Many times, a doctor’s visit isn’t out of necessity but for one’s satisfaction. To save your time as well as of the doctor’s, you can consult the doctor on Lybrate. There are more than 1,50,000 professionals who will help you with Lybrate.

Criador Design Labs

Criador Design Labs Website

Criador Design Labs was founded by Abhishek Reddy and Hitesh Devara in 2017. Criador Design Labs is a product design firm that develops new, innovative hardware technology products for consumer healthcare sectors.

The latest product by Criador Labs is EVE Health, a smart water bottle designed to improve medication adherence amongst patients with chronic diseases. It helps patients to stay aware of their dosages and reminds them when it’s time to take their medication. The bottle holds a patent-pending technology with sensors tracking medication intake and a Wi-Fi chipset sending live data to the servers. The data is analyzed and custom notifications and reports are sent to caretakers, hospitals, and insurance companies for taking appropriate actions.

Green Cure Wellness

Green Cure Wellness Website

Green Cure Wellness is one of the leading health startups in India founded by Sanchit Garg in 2015. Green Cure Wellness manufactures herbal personal care and health care products of international quality. It has a team of scientists in Germany who develop high-quality formulations adherent to the European norms.

Germany is the world’s leading technology hub for herbal and natural products. Green Cure leverages the age-old wisdom of Ayurveda coupled with German expertise to manufacture products that are free from side effects.

Top 14 Healthcare Business Ideas in India [2021]

As the healthcare field is growing rapidly and so are the businesses and startups. Here’s the curated list of the best healthcare business Ideas.

StartupTalkyArbaz Sayed

Conclusion

Health is imperative for success in all aspects of life. The concept of startups is trending today and trends tend to change the world. So healthcare startups, without any doubt, are a significant game-changer.

FAQs

How many healthcare startups are there in India?

There are nearly 5,295 health tech startups in India.

What are health tech startups?

Health tech startups are startups that have an online platform to provide healthcare solutions such as healthcare products, medicines and diagnostic tests.
March 19, 2022
List of Angel Investors in Delhi [With Contact]
Angel investors are sometimes marked as Private investors or Seed Funders. Though known by different names, their main aim is to invest in startups or new ventures, thereby helping them to grow and create a presence in this dynamic environment. If you are looking to get an insight about Angel Investors in Delhi along with their Contact Details and Major investments, then this is the right place. As we have put in our best to compile a list of Angel Investors in and around Delhi.

Before, getting to the list of Angel Investors in Delhi. Let’s get an understanding on What do Angel Investors look for in a startup? It becomes essential for a startup to wisely approach an investor that suits the requirements and expertise of both.

Angel investor Pitch Guide

List of Angel Investors in Delhi with Contact:
FAQs

Angel Investmentment

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Rajan Anandan

Contact: LinkedIn

Markets Interested: SaaS, Consumer Internet, Big Data, Cloud Computing, Healthcare, and Digital Media.
Investments: Instamojo, POPxo, ZipGo, Dunzo, Innov8, Rapido, Unacademy, CroFArm among many others.

Rajan Anandan | Angel Investors in Delhi

Rajan Anandan, the MD of Sequoia Capital, is the most prominent investor in the startup industry. He has served as an MD at Microsoft India, Vice President and SEA at Google, and also gained exposure in Dell India. He has gained experience with startups across various domains.

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Vijay Shekhar Sharma

Contact: LinkedIn

Markets Interested: Mobile, Gaming, Social Media, Real Estate, Food Tech, Logistics, Consumer Internet, Media, Fintech, HR Tech, Education, and E-commerce.
Investments: LogiNext, Milaap, InnerChef, Wishberg, FactorDaily, ThePrint, Flyrobe, TapChief, Unacademy, Innov8 among many.

Vijay Shekhar Sharma | Angel Investors in Delhi

The founder and CEO of Paytm, Vijay Shekhar Sharma and One97 has a spectacular experience in the Indian startups. He has given a helping hand to many of the startups in their journey of survival and growth. He graduated from Delhi College of Engineering and later founded his first venture XS Corps, which was then sold to Lotus Interworks LLC.

Sunil Kalra

Contact: LinkedIn

Markets Interested: Education, Healthcare, Digital media, Cloud Computing, Fintech, E-commerce.
Investments: Mobilewalla, Peelworks, OrangeScape, Carmesi, Crayon Data, MyShaadi.in, Innovise, Instamojo among many.

Sunil Kalra | Angel Investors in Delhi

Sunil Kalra is one of the prominent independent angel investors in Indian Angel Network. Being the MD at Via Projects Pvt Ltd and a Venture Partner at Stride Ventures, Sunil has gained immense experience in the field of Finance & Investments.

Ritesh Malik

Contact: LinkedIn

Markets Interested: Consumer Internet, IT, Augmented Reality, Social Media, Clean Technology, Food and Beverages, Fintech, Big data.
Investments: My Child, WittyFeed, PumpKart, Deyor Camps, Ketto, Nimo Planet, Falcon Labs, Josh Talks, Inc42 Media, SectorQube, and many.

Ritesh Malik | Angel Investors in Delhi

Ritesh Malik, the Co-founder, and MD of Innov8 practised as a professional doctor at the esteemed Ganga Ram Hospital, before venturing into his entrepreneurial journey. He is an active and prominent angel investor in Delhi. He also Co-founded Adstuck Consulting Pvt Ltd, a digital transformation agency.

List of Angel Investors in Bangalore [With Contact]

Bangalore, the silicon valley of India, is one of the most famous Indian citiesfor entrepreneurs. In this post, we have listed some of the most prominent angelinvestors in Bangalore whom you can reach out to. You will get to know abouttheir background and the sectors they like to invest in. You …

StartupTalkyLakshya Singh

Kunal Bahl

Contact: LinkedIn

Markets Interested: Consumer Internet, E-commerce, Internet, Big Data, SaaS
Investments: Ola, Gigstart, UrbanClap, Bira 91, Belong, Bewakoof, Rapido, Razorpay, Fynd, Jugnoo, Mamaearth, Tripoto, LetsVenture among many others.

Kunal Bahl | Angel Investors in Delhi

Kunal Bahl, the Co-founder, and CEO of Snapdeal is the most prominent and active investor in the Indian startup ecosystem. He is an alum of the prestigious Wharton School of Pennsylvania. Before Snapdeal, he was associated with prominent organizations like Deloitte and Microsoft in the US. He co-founded Jaspers, the parent company of Snapdeal in 2008.

Google Ventures Investment | Google funded startups

Google Ventures is a capital investment firm. Here is a list of top startups funded by Google Ventures. Know about Google Ventures Investment.

StartupTalkyAnsh Mehrey

Aloke Bajpai

Contact: LinkedIn

Investments: Zapr, Overcart, Twigly, etc.

Aloke Bajpai | Angel Investors in Delhi

Aloke Bajpai is the Co-founder, and CEO of Ixigo – an Online travel marketplace. He is a keen angel investor based out of Delhi. He is a B.tech graduate in Electrical Engineering from IIT Kanpur. He served as VP at Final Quadrant Solutions Ltd, by getting engaged in strategic business development and product marketing.

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Neeraj Kumar Singal

Contact: LinkedIn

Markets Interested: Clean technology, Fintech, AI & Robotics, Digital Marketing, Healthcare, Foodtech, Big Data, and Virtual reality
Investments: Unocoin, Arya ai, SmartVizx, Rubique, MObilewalla, LogiNext, Rubique, Phonon, Utsav Fashions, Vista Pharma, Auro, and many more.

Neeraj Kumar Singal | Angel Investors in Delhi

Neeraj Kumar Singal, Founder and Director of SEMCO Infratech Pvt ltd and also Lightyear Infratech, is a focused investor in varied fields. He is an active member of IAN (Indian Angel Network), LetsVenture, and HBS Alumni Angels. He values innovation and appreciates strategic ideas that can transform the world of Business. He is also well represented at various leadership roles and organizations like FCCI, HBS Club of India, Young President Organisation, AIMA, CII, TiE, Ph.D. Chambers of Commerce and Industry, and many.

Dinesh Agarwal

Contact: LinkedIn

Markets interested: Healthcare, Foodtech, Ecommerce, Media, Technology, Consumer Internet, Social Network, Enterprise software, Fashion.
Investments: InnerChef, Flintobox, DocsApp, Wishberry, Overcart, Heymojo, Eduflix, Greymeter, HackerEarth, Airstream, Gigstart, and many.

Dinesh Agarwal | Angel Investors in Delhi

Dinesh Agarwal, Founder and CEO of IndiaMart, is a prominent entrepreneur and angel investor. He is a well-known member of The Indus Entrepreneurs (TIE) and Internet and Mobile Association of India (IAMAI). Being an alum of The Harcourt Butler Technological Institute of Kanpur, he served as a system analyst at HCL Technologies.

Rajul Garg

Contact: LinkedIn

Markets interested: Healthcare, Consumer Internet, Mobile, Fin-tech, Food-tech, E-commerce, Media.
Investments: Meesho, LifCare, Babygogo, Fashalot, Sheroes, Tripeur, Foodcircle, Just Move, Shuttl, Reify Health among others.

Rahul Garg | Angel Investors in Delhi

Rahul Garg is the Founder & MD at Leo Capital India. He is one of an active business investors in delhi for startups. Being an alumnus of IIT Delhi with a degree in Computer science, his expertise in this field is commendable. He is also associated with TiE, NASSCOM, IIT Mentors, and many other organizations.

Utsav Somani

Contact: LinkedIn

Markets Interested: Management Consulting, Product Innovation, Blockchain, global investments, technology management, SaaS, Clean technology, etc.,
Investments: Betaout, Zippr, Tavaga, Innov8, Testbook, Adpushup, Doormint, LE tote, Rappi, Lead Genius, Proven, NexGear, and many more.

Utsav Somani | Angel Investors in Delhi

Utsav Somani is a prominent angel investor in Delhi via AngelList (an online marketplace of startups and investors). He did his Masters in Innovation & Entrepreneurship from ESADE Business School in 2012. At present, he is also the partner at OB1T Capital (Investment management). He is a well-experienced investor and has been active in the Indian Angel Network.

List of Angel Investors in Hyderabad [With Contact Details]

Are you an aspiring entrepreneur looking for investors in Hyderabad? Here is a list of Top Angel Investors in Hyderabad with their Contacts.

StartupTalkyJeenal Jain

Nikunj Jain

Contact: LinkedIn

Investments: Agastha, Rapido, Wizgo, Routofy, Drivezy among many.

Nikunj Jain | Angel Investors in Delhi

Nikunj Jain, the Co-founder and CEO of Zohem (A blockchain-based data exchange protocol) is a warm investor in the Indian Startup industry. He is a keen investor and also a noteworthy entrepreneur. Before zohem, he had co-founded Frankly.me, which is a video microblogging startup along with inoXapps (a gaming startup). Nikunj did his Btech, Textile Technology from the reputed IIT Delhi.

Amit Ranjan

Contact: LinkedIn

Investments: Touch Talent, Adpushup, Lucideus, and Wishberry.

Amit Ranjan | Angel Investors in Delhi

Earlier, Amit Ranjan had Co-founded Slideshare (Professional content sharing platform). He is now active as the Architect for Digital Locker & OpenForge (e-governance projects) under the Ministry of IT, Government of India.

By being an enthusiast about startups, he mentors them for their growth and development. He played a lead role in commencing the cult of technology “unconferences’ called BarCamps, by organizing India & Asia’s first such event in Delhi.

Rohit Bansal

Contact: LinkedIn

Markets interested: Consumer Internet, Technology, E-Commerce, Enterprise Software, Analytics, SaaS, Wellness.
Investments: Flyrobe, Bira91, UrbanClap, Razorpay, Routofy, Bewakoof, Gigstart, Betaout, Zenatix, Fynd, Qustn Technologies, Leena AI, Supr Daily, Zinier among many.

Rohit Bansal | Angel Investors in Delhi

Rohit Bansal is the Co-founder of Snapdeal, an Indian e-commerce business. Rohit Bansal is one of the prominent investors in the Indian Startup ecosystem. He is an alumnus of IIT Delhi with Btech and Mtech in Computer Science. He is skilled in team management, business development, and strategic planning. He not only provides finance to startups via investing in them but also guides them through their journey by mentoring them in areas of sales, product management, competitor analysis, operations, vendor management, and marketing.

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StartupTalkyRishabh Rathi

Alok Mittal

Contact: LinkedIn

Markets Interested: Enterprise Software, Fintech, Automobile, Consumer Internet, Healthcare, Capital Market, SaaS.
Investments: Adda52, Quifers, Wedmegood, Cuelearn, Baxi, Bite Club, Drivezy, WishBerry, LifCare, iYogi, among others.

Alok Mittal | Angel Investors in Delhi

Alok Mittal, the Co-founder, and CEO of Indifi Technologies Pvt Ltd is not only among the prominent angel investors but also the founder of Indian Angel Network, a platform that connects startups and investors. He is an alumnus of the University of California and completed his Bachelors in Computer Science from IIT Delhi.

Earlier he had also co-founded JobsAhead.com (leading e-recruitment business), which was later acquired by Monster.com. He also worked with Hughes Software in telecom and internet technologies. He graduated from IIT Delhi and completed his MS and Management of Technology programs from UC Berkeley.

Rajesh Sawhney

Contact: LinkedIn

Markets interested: Technology, Consumer internet, Media, Fintech, Travel, Gaming, E-commerce.
Investments: Overcart, Serial Innovations, Speakwell, Inc42 Media, Dexl, Silver Push, Little eye labs, Gamezop among many others.

Rajesh Sawhney | Angel Investors in Delhi

Rajesh Sawhney, the Co-founder, and CEO of InnerChef (Food Tech Startup) is a successful entrepreneur and angel investor He is also the CEO of GSF, an Indian Capital firm and accelerator which is focused on mobile startups. He has a wider experience in media and entertainment ventures. Earlier he worked as the COO of Times internet ltd, as the president at Reliance Entertainment and around 14 years with BCCL. He created several successful businesses across sectors like TV, eCommerce, and travel.
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Kunal Khattar

Contact: LinkedIn

Markets interested: eCommerce, Consumer Internet, Foodtech, Travel, Education, Social Media, Gaming, Automotive, Fintech.
Investments: Flipclass, GamingMonk, White Owl, YumLane, Zophop, IndiaLends, LimeTray, MassBlurb, Rapido, OnlineTyari, Scoopwoop among many.

Kunal Khattar | Angel Investors in Delhi

Kunal Khattar, the Founding Partner of AdvantEdge Partners (Venture Capital Firm), is one of India’s most prominent investors. He also acts as the Director of Rapido, leading a two-wheeler ride-sharing platform. Earlier, he worked as the Marketing Manager at Vodafone. He has also Co-founded ventures like Simply Look.

He is one of the most active angel investors in Delhi, who is always available for any kind of help on sales, business development, communication, and strategic marketing management.

List of Angel Investors in Mumbai [With Contact]

“City of Dreams”, as many people express Mumbai, is a place that helps bringdreams to reality. Angel Investors are one of the means for you, to help achieveyour dreams. Thereby, find the list of Angel Investors in Mumbai and get aninsight on their specific Market Interests, Contact details and Ma…

StartupTalkyJeenal Jain

Samir Sood

Contact: LinkedIn

Markets Interested: Consumer Internet, Enterprise Software, Technology, Digital Media, Technical Continuing Education.
Investments: Airwoot, Biosense, HackerEarth, Xapr, Little Eye Labs, ShieldSquare, MobStac, and many.

Samir Sood | Angel Investors in Delhi

Samir Sood, the Co-founder of Venture Highway (Early-stage venture investment firm) is one of an active private investors in Delhi. He served as the Head of Corporate Development, South Asia and Australia at Google. He was also associated with organizations like Cisco, Microsoft, Dell, and Lehman Brothers. He is an MBA graduate from The University Of Chicago and completed his MS in Mechanical Engineering from Tufts University.

Pranay Gupta

Contact: LinkedIn

Markets Interested: SaaS, Enterprise Software, Fintech, Social Media, IT, Clean Technology, Gaming.
Investments: Alma Connect, Enpower, HashCube, Zuvvu, Pinpuff, Ideophone, Biosense, and many more.

Pranay Gupta | Angel Investors in Delhi

Pranay Gupta is the Co-Founder of 91springboard, India’s leading co-working spaces. He also acted as the Joint CEO at Centre for Innovation, Incubation, and Entrepreneurship. Before Co-founding 91springboard, he worked with Lehman Brothers and Nomura Securities.

Soaib Grewal

Contact: LinkedIn

Markets interested: healthcare, SaaS, Fintech, Consumer Internet, Analytics, Enterprise Software.
Investments: NicheAI, Origa leasing, Upekkha, HIpcask, Spoyl, Tripoto, Uninstall.io among many.

Soaib Grewal | Angel Investors in Delhi

Soaib Grewal acts as an Advisor to AngelList India and is also the Venture Partner at TLabs, a leading startup accelerator and seed investment firm. Before getting associated with TLabs, he acted as Design Mentor at Microsoft Accelerator and also founded BOLd, Design-led investment firm.

Hetal Sonpal

Contact: LinkedIn

Markets interested: E-commerce, Clean Technology, Travel, Real Estate, SaaS, Big data.
Investments: Radiowalla, AdvantEdge Club, WittyParrot, Leverage Edu, Alliz Health among many.

Hetal Sonpal | Angel Investors in Delhi

Hetal Sonpal is into mentoring young minds and budding entrepreneurs along with the students of Amity International School in Gurugram. Earlier, he worked with Intel as the Head of Strategic Alliances. From the esteemed Narsee Monjee Institute of Management Studies, Hetal obtained his MBA Degree. He possesses relevant knowledge and expertise in his field.

Yogesh Bansal

Contact: LinkedIn

Markets Interested: Social Media, Travel, Foodtech, Automobile, B2B, Internet.
Investments: Yaantra, BSquare, RippleCard, Wow Momo, Find my Stay, ChefsNearMe, Ziveg and many more.

Yogesh Bansal | Angel Investors in Delhi

Yogesh Bansal, the Founder, and CEO of ApnaCircle Infotech is a tech missionary with tremendous knowledge and expertise in this field. He holds an MBA Degree in IT & Finance from the University of North Carolina and also founded companies like GeoRapid, GoActiveClub, and Mail Genie. He has got exposure to skills like team building, merger and acquisitions, and serial entrepreneurship.

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StartupTalkyDevashish Shrivastava

Bharat Mehra

Contact: LinkedIn

Markets Interested: Healthcare, Aerospace, Hospitality, Agritech, Real Estate, Foodtech, Travel, Fintech.
Investments: X Prime, Unbxd, SmartVizX, IntensAquatica, SquarePlums among many.

Bharat Mehra | Angel Investors in Delhi

Bharat Mehra is the Co-founder of Eatworks. He has major experience in the industry of food and real estate. He is a graduate from the esteemed Alliance Manchester Business School and entails skills in Negotiation, management, sales, and valuation. He is among the leading seed investors in Delhi, who is always an enthusiast to work with people who have passion and zeal to do something new.

Satyan Gajwani

Contact: LinkedIn

Markets Interested: Social Media, E-Commerce, Beauty, HrTech, Enterprise Software, Online marketplace.
Investments: Affle, Delhivery, Dineout, Fab.com, Gradeup, Ridlr, Shuttl, ZipDial, ZopNow.

Satyan Gajwani | Angel Investors in Delhi

Satyan Gajwani, the VP of Times Internet & Board member of Times India Group, is among the prominent investors in Delhi. Times Internet is one of India’s largest digital media companies that possess brands like Mumbai mirror, Gaana, Times of India among many. He is an alumnus of Stanford University. He also acts as a mentor to startups in media planning, market research, strategic planning, and team building.

Rajat Harlalka

Contact: LinkedIn

Markets Interested: Enterprise Software, digital media, fintech, e-commerce, journalism, technology.
Investments: Magictap Solutions, NewsBytes, ORO Wealth, Slintel, Vaultedge, Khabri, Yellow ant among many.

Rajat Harlalka | Angel Investors in Delhi

Rajat Harlalka, the Co-founder of Bellurbis Technologies (enterprise software platform), is an active angel investor in Delhi. He is an alumnus of IIT Varanasi and IIT Guwahati. He also acts as the operating partner at GSF India and as a mentor to startups. Be it any concept, like Competitive Analysis, Product development, presentation skills, industry trends or technical marketing, Rajant is at the forefront to help you out.

Abhishek Dwivedi

Contact: LinkedIn

Markets Interested: E-Commerce, Digital Media, Advertising, B2B, HR, Enterprise Software, Edtech, Healthcare.
Investments: Emo2, Impresario, Janeeva, Reach Accountant, Saffronart, Bakers Circle, Digilogues, Chai Garam.

Abhishek Dwiwedi | Angel Investors in Delhi

Abhishek Dwiwedi, an Assistant VP of Growth at 1mg.com (Online Pharmacy), is one of the top angel investors in Delhi. He is associated with SternFisher (an Angel Network) as a partner and also served as the Head of Business Development at HealthKart. By being an alumnus of Delhi College of Engineering, he launched SBD Solutions to organize the fragmented solar photovoltaic & thermal market.

Niraj Singh

Contact: LinkedIn

Markets Interested: Media, Edtech, Enterprise Software, Healthcare, E-commerce.
Investments: Plabro, Rapido, ShaadiSaga, Tripoto, Wigzo Technologies, Drivezy, GrownOut, InstaLively.

Niraj Singh | Angel Investors in Delhi

Spinny, a platform for buying used cars, was Founded by Niraj Singh. Earlier, he was associated with Outbox Ventures as a Founding Partner and has also Co-founded Top Yaps, an internet media site. Locus Education, an ed-tech startup that helps students with IIT JEE Preparation was also co-founded by him. Being a graduate in Electrical engineering from IIT Delhi, he has got exposure to various domains. He not only invests in startups but also provides correct guidance for the growth of the venture.

Priyanka Gill

Contact: LinkedIn

Markets Interested: Fashion, Social Media, Digital Marketing, Ecommerce, Lifestyle, Blogging, Marketing, Food, Logistics.
Investments: Campanja, Bea’s of Bloomsbury, Shoto, Tizaro.

Priyanka Gill | Angel Investors in Delhi

Priyanka Gill is the Founder & CEO of POPXo, Women-focused digital media firm). She is a prominent female angel investor in Delhi and entails interest in building brands within the lifestyle market. She is also the founder and CEO of Plixio (Influencer management platform) & Luxeva (Digital guide platform). She completed her Master of Arts from Kings College London and BA (Hons) in English from Lady Shri Ram College for Women.

Successful Women Entrepreneurs In India [2021 Exhaustive List]

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StartupTalkyAshwini

Anirudh Mullick

Contact: LinkedIn

Markets Interested: Mobile, eCommerce, Matrimonial, Consumer Internet, Social Media, Fintech, Technology, Advertising, HR.
Investments: Admob, Google, LinkedIn, Paypal, Shaadi.com.

Anirudh Mullick | Angel Investors in Delhi

Anirudh Mullick is the head of Recruitment at Sequoia Capital India, where he provides recruiting services to Sequoia’s portfolio companies. He is currently the VP of Sequoia Capital India and is an alumnus of IIPM. Earlier, he served as an Associate Director at Executive Access India. He can help startups find and acquire talents for their development and also guide them through business development and strategic planning.

Top Sequoia Capital Investments that got big

Sequoia Capital has invested in some of the greatest startups and companies including YouTube, Google, PayPal and more.

StartupTalkyPooja Uniyal

Gaurav Kachru

Contact: LinkedIn

Markets Interested: Consumer Internet, SaaS, Small and Medium Businesses, Education, Big Data, Location-Based Services.
Investments: Kartrocket, Kraftly, Roposo, talking threads.in, Giveter.com, among many.

Gaurav Kachru – Angel Investors in Delhi

Gaurav, Founder and Managing Partner at 5ideas (an investment firm), is an active private investor in Delhi. Earlier he founded e-commerce startups FashionAndYou and DealsAndYou. Before commencing his entrepreneurial journey, he worked with Manpower Inc as Regional Director for Asia.

Rajnish Kumar

Contact: LinkedIn

Markets interested: Enterprise Software, Travel, Technology, SaaS, Mobile applications, Fintech, Healthcare.
Investments: MealHopper, Mind Your Fleet, OnlineTyari, AppVirality, Autowale.

Rajnish Kumar | Angel Investors in Delhi

Rajnish Kumar, the Co-founder and CTO of ixigo.com (travel & hotel booking platform), is one of the prominent angel investors in Delhi. He is an alumnus of IIT Kanpur and has expertise in Computer Science and Technology. Earlier, he had also founded Traveneus and has an understanding of Mobile applications and Software development. He also served in various roles at Amadeus IT Group in Spain

This was our list of Angel Investors in Delhi. If you are an investor or know any of the investors for startups, connect with us at shubham@startuptalky.com to get featured in the list.

FAQs

How to get investors for business in India?

Steps to get investors for business in India or investors for startups in India:-
- Create a profile on Angel List.
- Prepare a record of investors to share your ideas with.
- Brush up your networking skills.
- Have a classy introduction to your and your business.
- Tell them why they should invest in your business.
Where can I find Angel Investors?

Check with the Business Development Center, Community Futures Office or Economic Development Centre where you live; there may be an active group of angel investors in your community.

What is an angel investor?

An angel investor is a person who gives capital for a business start-up, normally in exchange for convertible debt or ownership equity.

How to find investors in Delhi?

You can find out investors in Delhi by Ask Family or Friends, try crowdfunding platforms to find investors.
January 7, 2022
Growth Of Online Doctor Consultation Market During Pandemic
In an era, where everything is available at the click of a button it is no surprise that even a specialist doctor or a clinical examination could be done online. Online doctor consultation is a coveted field in India and is able to offer services like telehealth, telemedicine, telecare, and digital health care services. According to the survey conducted by Accenture in 2017, over 70% of the consumers are willing to experience health care services virtually, while 20% have already experienced virtual healthcare.

Many startup companies are looking to make it in the industry as it is currently rising. The consumer’s expectations for a convenient healthcare system are evolving while the healthcare industry is continuously striving to meet people’s needs with the help of technology. The telemedicine market in India is expected to reach $5.4 Billion by 2025 with a CAGR of 31%.

The online doctor consultation allows the dissemination of specialized knowledge among the medical community through advanced networks, reviews, emergency medical consultations during an epidemic or crisis among others. According to a report by Practo, online doctor consultations have increased 500% since March 2020, as five crore Indians are now accessing healthcare online amidst the COVID-19 pandemic.

Telemedicine Industry in India
Growth of Online Consultation in India
Importance Of Online Consultation
Target Audience of Telemedicine Industry
Future of Telemedicine Industry in India
FAQ’s

Best Online Doctor Consultation Apps in 2020

In the COVID-19 [/tag/covid-19/] pandemic, the doctors are playing an essentialrole in coping with the current situation. Due to coronavirus, consultingdoctors is not as easy as earlier. But luckily Healthcare startups[/tag/healthcare-startup/] are reducing the gap between the doctor, patients,a…

StartupTalkyYash Gupta

Telemedicine Industry in India

The Telemedicine Industry is expected to create more than $5.4 billion market opportunities by 2025. Practo, DocPrime, mFine, CallHealth, and Lybrate are some of the leading startups in India’s telemedicine market. The COVID 19 outbreak has created many challenges in traditional healthcare systems, as citizens have not been able to consult with the doctors physically.

This situation has led the government to change the regulations around remote delivery of healthcare services and allow telemedicine via video, audio, or text. Telemedicine will not only help these startups address the spread of Coronavirus but also improve access to healthcare in rural areas. Innovative technologies are allowing health organizations to enhance access and reduce the burden on hospitals through real-time consultation with doctors through online services.

top doctor consultation sites in India

Telemedicine will reduce the time of consultations and improve the quality of healthcare services in rural areas, removing many infrastructural challenges. The World Health Organization (WHO) recommends every country to have a ratio of 1:1000 doctor to patient ratio, India only has one governmental doctor for every 1,139 people.

According to a report, India has a shortage of 600 thousand doctors and 2 million nurses. This leads to limited face-to-face consultations among patients. Secondly, India also has a shortage of hospital beds, which makes hospitalization difficult and there needs to be better infrastructure and facilities whereas with the help of online consultations the healthcare sector can reduce its problems.

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StartupTalkyRishabh Rathi

Growth of Online Consultation in India

Online consultation has become popular in India because it is easier and safer to access healthcare via call, video, chat with doctors, especially during the COVID-19 pandemic. The health ministry has urged people to take advantage of telemedicine services during the lockdown. And since then the usage of online consultation apps and medicine delivery services has been on the rise.

The pandemic has encouraged people to use the platform and consult a certified medical practitioner rather than resorting to self-medication. Online consultations are known for specialties such as Gynecology and Dermatology, while other specialties like mental health, pediatrics, ENT, ophthalmology, and gastroenterology are all well-known departments.

The growth of telemedicine in India

The telemedicine sector is steadily increasing not only across metropolitan cities but also in smaller cities like Hoshiarpur, Karnal, and Durgapur. The online doctor consultation platform mFine is seeing demand from states which has a low doctor-to-patient ratio since lockdown. The app has also seen new user signups and consultations from users in states such as Bihar, West Bengal, Jharkhand, and Uttar Pradesh where the doctor-patient ratio is the lowest in the country.

Many other healthcare startups are seeing an unprecedented surge in demand as they shift healthcare delivery onto the internet, promote telemedicine, encourage online medicine bookings and use chatbots to answer patient queries. The support rendered by the national and state governments, their subsidiary concerns, and allies such as the ISRO have contributed a great deal to facilitate the development of telemedicine as a well-recognized field.

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The sudden outbreak of the Covid-19 pandemic has left no industries and sectorsunscathed, worldwide. And many parts of the economy have taken a hit because ofit. While the pandemic has created global economic uncertainty, it has also provedto be lucrative for some industries and created new mark…

StartupTalkyRishita Jain

Importance Of Online Consultation

India has seen a tremendous increase in demand for telemedicine for healthcare services. According to Statista, the industry might have touched $280 billion by the end of 2020. Though the healthcare sector is seeing a giant leap in providing services to consumers, it has still not been able to expand its market in rural areas. Around 75% of the rural population is struggling with insufficient infrastructure and technological awareness. This is the reason why online consultation might help overcome this issue.
- Bringing quality healthcare services to the rural areas of the country.
- Benefits the people of rural areas in bringing down the disparity in healthcare offerings between the rural and urban areas.
- Provides access to qualified healthcare providers, specialized consultation, accurate prognosis, timely diagnosis, and effective course of treatment.
- The people of urban areas, who have access to world-class hospitals and treatment facilities but don’t have the time can seek help by online consultations.
- The patients can have real-time interactions through video conferencing solutions, or store and forward models which can capture patient and disease-related information through dictation, photos, videos, radiology, etc.
- The patients can get the benefits of an actual visit to the doctor without having to do so.
- Not just consultation and treatment, but many other services can be fulfilled through telemedicine, which brings together the best of both worlds – medicine and telecommunication.
- It helps in the dissemination of specialized knowledge among the medical community through advanced technology and peer-to-peer reviews.
- It’s very useful for emergency medical consultations in times of an epidemic or crisis.
How to provide a great online consultation experience

Target Audience of Telemedicine Industry
- People who are willing to try telemedicine.
- Application developers and network operators.
- Third-party suppliers and healthcare service providers.
- Potential Investors.
- Government organizations.
- Research Institutes.
Why COVID-19 is Game Changer for Online Businesses

The world is currently facing the largest health crisis since the Spanish Fluepidemic of 1918 and unfortunately, there seems to be no clear end in sight.Countless lives have been disrupted and businesses are likewise suffering as adirect result. While even some of the largest companies have alrea…

StartupTalkyParnas Ghosh

Future of Telemedicine Industry in India

With the growing attention for telemedicine services, countries around the world are developing a regulatory framework for the industry. While India is already one of the top 10 countries in telemedicine marketing the world, the adoption of a regulatory framework will help the segment grow rapidly.

Tattvan Mishra, founder, and CEO of Tattvan E-Clinics said that “India has seen considerable growth in the telemedicine sector however, the growth was not rapid due to the lack of proper guidelines and regulations. In the coming years, I expect a high investment from the private sector in the field of telemedicine. I think the telemedicine industry has a bright future and may become a multi-billion industry in the next 3-5 years.”

Online consultation platforms have supported the healthcare needs of Indians at a time of lockdown. Saurabh Arora, the founder and CEO of Lybrate in a press statement said that “It is the need of the hour to contain the spread of the virus. The healthcare burden on the country is gigantic around this time and platforms like ours can definitely help share it. People can consult doctors on Lybrate across specialties and so on other platforms, letting hospitals tend to more serious patients”.

Besides telemedicine, other health-tech segments such as online pharmacy, medical technology, and medical devices have also called for increased regulatory clarity so that startups can focus on the model rather than tweaking their operations. When it comes to the online consultation market, the COVID 19 crisis could bring about a lot of clarity and growth just like the fintech sector got a push in India after the demonetization in 2016.

FAQ’s

1. What is an online doctor consultation or online medical consultation?

When you visit a doctor about your health-related issues through an audio/video/chat, it is called an online doctor consultation or online medical consultation. This is an alternative for you when you cannot visit a doctor physically at the clinic or hospital.

2. How do I consult a doctor online now?

Book an online consultation either on the website or mobile app. Look out for the ‘Find a Doctor’ button on the homepage of the website/app, select the specialty of your problem or type the name of the doctor directly. Once the doctor of your specialty is selected, you can click on the “Consult Now’ button to start with the online consultation.

3. Do you provide online doctor consultation for emergencies?

No, it is not recommended. It is advisable to contact emergency services during emergencies. Emergency medical services are available round-the-clock which can be accessed by calling 112 or clicking the ‘Emergency’ tab on the homepage of the respective website/app.

4. Where is my prescription for the online doctor consultation?

Prescription for your online consult can be found in the Records/History section. By clicking on this tab, you will be able to view/download your prescription.

5. Is it safe to consult online?

Online consultation is absolutely safe and private, where customer information and health data is the most important thing that is kept private.
November 26, 2021

ImpactGuru: Crowdfunding Startup | Free Fundraising Platform for Healthcare

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by ImpactGuru.

Would you have been able to imagine a crowdfunding startup to be able to meet all your healthcare needs? This is where ImpactGuru comes in. In a survey carried out by NSO in July 2017-June 2018, it was found that only 14% of the rural population and 19% of the urban population had health expenditure coverage. Again, according to an analysis published in The Lancet in 2018, around 1.6 million people in India die due to inadequate healthcare. The Indian healthcare segment is clouded by many such disturbing data. However, it is good to see that not just the Government, but many NGOs and startups are coming up to solve the long prevailing issues in the healthcare sector. Today we are talking about one such startup, that is making a remarkable attempt to make quality healthcare accessible even to the poorest, through crowdfunding. Mumbai-based ImpactGuru is not just helping people to raise funds for healthcare, but for various other social and personal causes as well.

In order to scale the fundraising for PPE for doctors, nurses and health care workers across India, ImpactGuru received INR. 40 lakh grant in the form of matching funds from The Action Covid-19 Team (ACT). The company added up to 20% in matching donations via the ACT Grant on every single donation for selected Public and Private Hospitals on its platform.

ImpactGuru – Highlights

Startup Name	ImpactGuru
Headquarters	Mumbai
Founders	Piyush Jain (CEO) & Khushboo Jain (COO)
Sector	Fintech focused on healthcare
Founded	2014
Website	www.impactguru.com

ImpactGuru – Latest News
About ImpactGuru
ImpactGuru – Industry Details
ImpactGuru – The Idea of Starting up
ImpactGuru – Founders and Team
ImpactGuru – USP
ImpactGuru – No Platform Fee
ImpactGuru – Business and Revenue Model
ImpactGuru – Challenges Faced
ImpactGuru – Funding and Investors
ImpactGuru – Partners
ImpactGuru – Awards and Achievements
ImpactGuru – Future Plans
ImpactGuru – FAQs

ImpactGuru – Latest News

6th October 2021 – ImpactGuru witnessed a rise in people seeking financial help for treatment. Around 25,000 patients have been assisted so far by ImpactGuru and half of these patients were assisted post-January 2020.

2nd October 2021 – ImpactGuru has successfully crowdfunded over Rs. 75 lakh cumulatively contributed by over 700 donors in 2 weeks to cover treatment expenses of 2 brothers fighting Hunter’s Syndrome.

About ImpactGuru

ImpactGuru was born with a mission to make healthcare accessible to all and save more lives. It is a tech-for-good platform that provides complete crowdfunding solutions to empower individuals, NGOs and social enterprises to raise funds for medical emergencies, personal needs, creative projects or any social cause – be it big or small.

“An ImpactGuru is someone who envisions change, who finds solutions to social problems, who steps up to support another change-maker, who makes kindness a habit, who dares to follow his/her dream, or who simply helps out a friend in need. We believe that each individual holds the power to effect great change and given the right tools and the right backing, can become an ImpactGuru himself/herself ” quotes ImpactGuru CEO Piyush Jain.

ImpactGuru Logo

Starting a fundraiser campaign in ImpactGuru is easy. One just has to get started by clicking on the ‘Start a Fundraiser’ tab on the ImpactGuru website or app, fill in the required details to create the fundraiser campaign. Using ImpactGuru’s story builder feature, one can put up one’s cause of raising money in an appealing way to attract more donors.

Once created, the fundraiser campaign is shared online. The money received from the donors is transferred to the beneficiary’s account after deducting the applicable fee and charges.

Fundraising on ImpactGuru

ImpactGuru – Industry Details

India’s private healthcare spend stands at $90 billion a year. Of this, merely one-third is covered by insurance and the balance of $60 billion is met largely with borrowings from friends and family. Capturing 10% of this segment would mean a medical crowdfunding market of around $6 billion. This is the segment ImpactGuru is looking to tap.

Healthcare crowdfunding is the most disruptive solution to address this problem. There are no loans or interest to be paid off when it comes to crowdfunding as funds raised online is considered as a donation.

ImpactGuru – The Idea of Starting up

The idea began to form in Piyush’s mind while he was working with Instilgo, a US-based non-profit organization.

“When I decided to go to Harvard University, Kennedy School of Government, I found my calling when I accepted a fellowship with Instiglio, a US non-profit focused on using social impact bonds to help non-profits scale” recalls ImpactGuru founder Piyush Jain.

Besides, while at Harvard, Piyush assisted his Professor in teaching a class on financial management in non-profit Organizations. He also co-authored a paper on – ‘Non-Equity Financing for Entrepreneurial Ventures’. For writing the research paper, Piyush had to explore different avenues to finance social initiatives. During this research, Piyush realized that the crowdfunding market in Indian is largely untapped and it is his willingness to do something in the field of crowdfunding that made him start ImpactGuru.

Fortunately, both Khushboo and Piyush shared the same vision. Piyush’s knowledge of finance and technology clubbed with the brand, marketing and communications skillsets of Khushboo had garnered over the years. It does require a fantastic partnership and they have been very lucky to forge that successfully.

The startup was incubated at Harvard Innovation Lab in August 2014 and at PACT, Singapore in May 2015.

ImpactGuru – Founders and Team

Impactguru founders - Khushboo Jain and Piyush Jain — Impactguru founders – Khushboo Jain and Piyush Jain

ImpactGuru was founded by a couple of entrepreneurs, Piyush Jain and Khushboo Jain.

ImpactGuru founder and CEO Piyush Jain is a BSc in Economics from the University of Pennsylvania – The Wharton School. He did Masters in Public Policy, Business and Government Policy from Harvard University, John F. Kennedy School of Government. Piyush worked with reputed organizations like JP Morgan, Instiglio, San Francisco based fintech firm SoFi, the Boston Consulting Group and RB Investments, before starting ImpactGuru in 2017.

ImpactGuru co-founder and COO Khushboo Jain come from a fashion designing and fashion marketing background. Khushboo is an alumna of London College of Fashion, University of Arts London and Parsons School of Design. Khushboo did her Bachelors in Commerce from Sydenham Institute of Management Studies, and an MBA from Welingkar Institute of Management. Prior to joining her husband in his venture, Khusboo worked with brands like Kansai Nerolac Paints Limited and fashion brands like TheLabelLife.com and Manish Malhotra.

Piyush is backed by an awesome and dedicated team who truly stand with the vision and mission of ImpactGuru. Some core members of the ImpactGuru team are-

Vikas Kaul, the Chief Product Officer of ImpactGuru is an IIMK graduate. He is an ex-employee of Quikr and Deloitte.
Ankita Kumari is Vice President, Operations at ImpactGuru. She is an engineering graduate from Amity University Noida and an ex-employee of PSTakeCare and TinyOwl.
Sandeep Tripathy – Head, Business Development, Ex- PSTakeCare, IIT Bombay.

ImpactGuru – USP

What makes ImpactGuru stand out is that they are the only crowdfunding platform to have their own story builder to help customers write great stories as it’s a major pain point in the industry today. It has an AI-supported story builder for medical fundraisers, with a template for all campaigners to develop their own standardized campaign stories. It’s a first in the world innovation in crowdfunding globally!

ImpactGuru is also the first crowdfunding player in India to launch a smartphone app for customers. The app presents the user with a quick view of their fundraiser, thus enabling them to keep track of the progress of the campaign, get real-time donation notifications and post updates.

ImpactGuru.com has become the largest crowdfunding platform in India for medical expenses. In total, ImpactGuru has raised around INR 950 Crore from over 2 lakh donors from 150 countries.

ImpactGuru – No Platform Fee

ImpactGuru has extended free fundraising to all causes by offering a 0% platform fee. It has Mobilized $200 million/INR.1500 crores through its platform and global partners, since inception.

Free fundraising is made available to all types of fundraisers who are hosted on the platform – It can be patients with medical emergencies (Covid-19, organ transplant, cancer) or NPOs/Individual fundraising programs for any causes. By this, ImpactGuru has completely waived off-platform fees with an intention to maximize the funds raised by fundraisers.

In order to sustain the platform and meet operational activities to provide a free fundraising platform, donors will be asked to provide any amount of voluntary tips.

In a joint statement ImpactGuru.com’s Co-Founders Piyush Jain and Khushboo Jain said, “In the last 5 years, crowdfunding on ImpactGuru has now become the preferred way for people to finance critical illness bills at hospitals given the low level of insurance penetration in India. With the extension of our free fundraising options to all fundraisers, we hope to accelerate our ambition of helping finance the critical illnesses of over 1 million / 10 lakh patients over the next decade.”

ImpactGuru – Business and Revenue Model

But how does ImpactGuru make money? It has a highly scalable, asset-light, transparent revenue model. It charges an average of 8% of total funds raised as to its fees with 5% directly being net revenue. It charges additional fixed fees for premium services such as digital marketing, video, content support.

I was keen on a business model that would add value and meaning to the community. Our vision is to make sure that nobody in India has to ever struggle to fund their medical treatment due to lack of money. – Piyush Jain

ImpactGuru offers various packages that one can opt for fundraising.

ImpactGuru – Challenges Faced

Social problems are so immense in India, that often one can get disillusioned by the impact one creates i.e. whether one’s intervention is moving the needle or not. There are many challenges and dilemmas that the ImpactGuru team needs to face on a day-to-day basis. This is what Piyush has to say regarding the issues the team faces-

At ImpactGuru, we often face an ethical dilemma. Private hospitals will not proceed with treatment without the funds, say of 5 children whom are near death without a critical emergency surgery. It is an overwhelming feeling as we will be disappointing someone or maybe more as we have limited resources as an organization and limited donors to reach out to fund each of the 5 surgeries successfully. How to handle the mental pressure and how to execute the task is the pressing concern. It’s very important to keep the perspective that the journey of a thousand miles begins with a single step. We thus pick cases where we can have the maximum impact given the short time. We select cases such as transplant, heart surgeries, cancer rather than dengue, malaria, diarrhoea.

ImpactGuru – Funding and Investors

ImpactGuru has raised a total of $4.5M in funding over 5 rounds. Their latest funding was raised on Mar 6, 2020, from a Seed round. The ImpactGuru funding details are mentioned below:

Date	Stage	Amount	Investors
April 2016	Pre-Seed Round	$500K	RB Investments Pvt Ltd (Singapore based VC Fund)
November 2017	Seed Round	–	Venture Catalysts
May 2018	Series A	$2Million	Apollo Hospitals Group, Currae Healthtech Fund, RB Investments, Shorooq Investments, Venture Catalysts with participation from various other investors from the USA, Southeast Asia, and the Middle East
December 2018	Series A	$2Million	Shorooq Partners
May 2020	Seed Round	–	Rajesh Mane

ImpactGuru – Partners

ImpactGuru has a strategic partnership with GlobalGiving.org, the world’s largest non-profit crowdfunding platform based in the US and UK in October 2016. It is the only crowdfunding platform in the world that can offer Indian, US, and UK tax benefits to Indian and international donors.

ImpactGuru has also partnered with Apollo patients nationwide which makes it the preferred crowdfunding platform for all.

Recently, in early July 2021 Cure SMA Foundation of India, a public charitable trust has collaborated with ImpactGuru. The partnership is to support all its registered SMA patients in India.

In April 2016, ImpactGuru partnered with Fundnel, an investment platform based in Singapore. This partnership allowed ImpactGuru to tap into philanthropic and investment capital from the Indian diaspora based in Southeast Asia.

In September 2016, ImpactGuru partnered with UN Women (an entity of United Nations) to run Project Inspire, an initiative to support social entrepreneurs working for women empowerment.

ImpactGuru – Awards and Achievements

ImpactGuru has won the following awards worldwide.

Khushboo Jain featured as a Leading Woman in Business 2021 List by The Economic Times & Femina.
Khushboo Jain was recognized as Social Activist For Indefatigable Service During Covid-19 Crisis by the Punjab Govt. Dept Of Health & Family Welfare.
Piyush Jain featured in 2021 List of Nationwide Awards 40 Under 40.
Awarded as Best Social Impact Startup by Drivers Of Digital Awards.
Awarded as Best Digital Startup by Drivers Of Digital Awards.
Piyush & Khushboo Jain featured in 2019 List of Fortune India 40 Under 40.
NITI Aayog & United Nations – 2019 Women Transforming India Awards featured Khushboo Jain in Winning Top 15.
Recognized among top 5 startups in India and raised investment funding on live TV on Tie The Knot: Real Funding, Unreal Speeds, CNBC TV18’s longest-running shows – Young Turks.
ImpactGuru was declared the winner of Maharashtra Startup Week 2019, organized by the Maharashtra State Innovation Society.
BusinessworldTectors Awards 2018 – Tech Companies To Watch Out For.
TechCircle 2018 Public Choice Award for Best Social Impact Startup award.
MedAchievers HEALTH NXT 2018 Rising Startup Award.
2018 Top 3 Startups in West Zone, Start Smart Awards 2018.
Businessworld BW Disrupt Social Woman Entrepreneur Award.
YourStory SheSparks Awards 2018 – Fintech & Financial Inclusion category.
Social Samosa Social Media Superwoman 2018.

ImpactGuru – Future Plans

Expanding business in Middle East markets is the next on the cards with the help of some investors from the region who have recently invested in the company.

I’m on a mission to make healthcare accessible to all and save more lives and cast the ImpactGuru net across geographies.

ImpactGuru – FAQs

What is ImpactGuru?

ImpactGuru is a Mumbai-based crowdfunding startup that offers a platform to raise funds for healthcare to social enterprises, NGOs, startups and individuals.

Who is the founder of ImpactGuru?

ImpactGuru was founded by a couple of entrepreneurs, Piyush Jain and Khushboo Jain.

How does ImpactGuru make money?

ImpactGuru charges a minimum of 5% fee on the funds raised by individuals on the platform.

What is ImpactGuru funding?

ImpactGuru has raised a total of $4.5M in funding over 5 rounds. Their latest funding was raised on Mar 6, 2020, from a Seed round.

What documents are required to run a fundraiser on ImpactGuru?

NGOs: If you’re raising funds for an NGO, you will be required to submit your 12A certificate and 80G certificate. If you wish to receive foreign donations please also share your valid FCRA certificate.

Individuals (medical causes): If you’re an individual looking to raise funds for medical expenses you will be required to submit the patient’s identity details, test reports and invoice (if any), hospital/clinic name doctor’s name & contact details, beneficiary’s bank account details.

Individuals (other causes): For individuals looking to raise funds for other personal causes please share your identity proof and bank account details. It would help your fundraiser if you could provide any other documents that would validate your fundraising need.

Is ImpactGuru a legitimate site?

Yes, ImpactGuru is a legitimate and legal site.

Is ImpactGuru genuine?

Yes, all the cases are genuine. ImpactGuru itself verifies them to make sure that their platform is safe for both campaigners and donors.

October 18, 2021

3Hcare – Find the Best Healthcare Services In India

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by 3Hcare.

Diagnostics tests are done to find if a person has a certain disease. An accurate diagnostic test is important to avoid trial and error in treatment. 3Hcare, a Delhi-based healthcare startup is here to ensure that your diagnostics are done safely and conveniently. It provides different health packages, 3Hcare Thyrocare Aarogyam being the most popular one. Read this article to know more about a healthcare startup in India, 3Hcare and its success story.

3Hcare – Company Highlights

Startup Name	3Hcare
Headquarters	Delhi
Founders	CA (Dr.) Ruchi Gupta, Dr. Ravinder Pal Singh Malhotra & Dr. Gurdeep Singh Ratra
Sector	Healthcare
Founded	September 2016
Funding	$1.1 Million
Parent Organization	3Hcare.in

About 3Hcare
3Hcare – Healthcare Industry Details
3Hcare – Founders of 3Hcare and Team
3Hcare – How was 3Hcare Started?
3Hcare – Name and Logo
3Hcare – What is 3Hcare?
3Hcare – USP and Innovation
3Hcare – Revenue Model
3Hcare – Funding and Investors
3Hcare – User Acquisition
3Hcare – Startup Challenges
3Hcare – Future Plans
3Hcare – FAQs

About 3Hcare

3Hcare is a Delhi-based startup operating in the healthcare sector. 3Hcare is an online marketplace for healthcare services. It provides detailed information on healthcare services provided by PAN India. A user can simply log on to 3Hcare’s website and find nearby diagnostics and hospitals as per their requirements.

Our mission is to assist in getting quality health services and facilities for the community, to promote wellness, to relieve suffering and to restore health as swiftly, safely and humanely as it can be done, consistent with the best service we can give at the highest value for all concerned. – Ruchi Gupta (Founder of 3Hcare)

3Hcare – Healthcare Industry Details

According to the Indian Diagnostic Services Market Outlook 2020, the diagnostic services market will be growing at 27.5% for the next 5 years. The market has reached INR 860 Billion in revenues by the end of 2020. Some of the major causes for this fast-growth are increasing health consciousness, an increase in the number of people having insurance cover, improving healthcare services, etc. Covid-19 is also one of the major reasons for the borne of the healthcare industry. The Novel Coronavirus has not only hit the nations mentally but also economically, especially the healthcare industry.

The healthcare market is expected to reach $372 billion by 2022.

Founders of 3Hcare and Team

CA (Dr.) Ruchi Gupta, Dr. Ravinder Pal Singh Malhotra and Dr. Gurdeep Singh Ratra are the founders of 3Hcare.

Ruchi Gupta is a doctorate in Risk Management and a fellow member of The Institute of Chartered Accountants of India. She pursued her MBA from GGSIP University and Bachelor’s degree in Commerce from SRCC, University of Delhi. She is a prolific educationist, qualified UGC NET-JRF having a decade-long experience in mentoring management students for the corporate world in the field of applied Finance & Business Management. She also has extensive experience in reviewing and writing subject-specific books in finance & management. Her numerous papers have been published & presented in renowned journals and conferences. She is a member of the panel of authors in the Central Board Of Secondary Education (CBSE).

Exclusive Interview of 3Hcare’s Founder Dr. Ruchi Gupta

Dr. Ravinder Pal Singh Malhotra is an MBBS, MS (General Surgery, MAMC, Delhi) and M.Ch. (GI & HPB Surgery and Advanced Laparoscopic Surgery, GB Pant Hospital, Delhi). He did his fellowship in Liver & Multi Visceral Transplant at Sir Ganga Ram Hospital, New Delhi. He worked as an online CME Observer at John Hopkins Hospital, USA and Chairperson in Harvard Accredited CME’s for GI Surgery. He has around 13 years of experience in Liver Transplant, HPB & GI surgery in India with exceptional donor and recipient surgery safety records. Ravinder has been a part of more than 700 live-donor-related liver transplants, 500 pancreatic surgeries, 2000 liver surgeries, 500 gall bladder cancer resections and has vast experience in other GI surgeries.

Dr. Gurdeep Singh Ratra is an MBBS, M.S. (Orthopaedics) and M.Ch. (Orthopaedics). He did his fellowship in Joint Replacement (Endoklinik, Germany) and Joint Replacement and Sports Medicine (AKH Hospital, Vienna, Austria). Dr. Gurdeep has clinical experience of more than 13 years in the field of Orthopaedics. He has a special interest in joint replacement and deformity correction. He is passionate about the Ilizarov technique and limb-lengthening procedures.

The other core members of the team are–

Mr. Ankush Mehra, who is the director of 3Hcare. Ankush is a Post Graduate in Commerce and MBA. Ankush is a prolific supply chain specialist and a startup man with 22 years of experience, known for creating and managing highly responsive yet cost-effective and efficient solutions. He worked with corporates like Honda Siel Cars India Pvt. Ltd., Samsung Electronics India Information & Telecommunications Ltd., Metro Cash & Carry, Reliance Hypermarkets & LimeRoad.

Mr. Sumit Gupta is an IT manager at 3Hcare. He did his MCA from Guru Gobind Singh Indraprastha University. He is an expert at C#.net and VB.net languages, with extensive experience in working on databases like SQL SERVER, MYSQL, ORACLE. His functional domain encompasses operating systems like Windows 8, Windows 7 and Windows Server 2012. He is proficient in scripting using HTML, ASP.net, Javascript, and Jquery. He has over 8 years of experience with a number of projects for Indian as well as international clients.

The founders decided to divide the team into three departments – one to focus on the medical field, one on the marketing and the other in the technical domain. Initially, the startup was functional with only 10 members including founders. But with the growing response from the public, the team had managed to expand over 50 members within less than 6 months.

3Hcare – How was 3Hcare Started?

Ruchi had never planned to become an entrepreneur. She pursued her MBA along with CA and is also a Ph.D. scholar. Inherited the interest in teaching from her parents, she also wanted to become a lecturer. In pursuit of her dreams, she became a mentor to management students and worked as a lecturer in a college in Delhi for many years.

She noticed many complications that the common public faces while getting a diagnosis in hospitals and other test centers, one incident that especially left her wanting to make a difference was the difficulty faced by a relative in finding a good hospital and diagnostic services during the time of emergency.

Ruchi’s relative was suffering from dengue and needed immediate admission, wherein the hospitals denied admitting him due to overcrowded. She was not in a position to wander around to different hospitals in search of bed availability. But giving reference to a known doctor, the patient was immediately admitted. The problems did not end, soon the admin staff asked her to get the patient tested for platelets, due to lack of facilities during that time. This was another challenge for her to track and locate a diagnostic lab that can provide the test results immediately for further treatment. In the end, only her reference helped the patient with regular tests and treatment. This incident came as a wake-up call for Ruchi and the idea of starting 3Hcare was formed.

However, to practically execute the idea, she still had many hurdles to cross. She wanted to create an online portal by tying up with various labs to make all the tests available to the patients with ease and transparency. To develop a team, she actually shared the idea with more than 300 people and at last, found 4 reliable sources who were convinced with her idea – Dr. Gurdeep Singh Ratra, Mr. Ankush Mehra, Mr. Sumit Gupta and Dr. Ravinder Pal Singh. And finally, with the initiative of the co-founders, 3Hcare was started in September 2016.

3Hcare – Name and Logo

The 3H stands for – Help, Health, and Happiness.

Our aim is to help the common masses to bridge the gap between healthcare services and patients .

3Hcare Logo

3Hcare – What is 3Hcare?

3Hcare is an online marketplace for health services. They provide several featured tests and packages. 3Hcare Thyrocare Aarogyam provides Aarogyam profile packages and preventive health checkup packages. The services currently provided by the company are –

Diagnostics – With over 1500 labs and 350 test centers (NABL accredited) to choose from over 50+ locations throughout India, this vertical provides ease for every patient to search, compare & book online lab tests with the value addition at discounted rates.
Plan My Surgery – One of the essential innovations rendered by the online portal includes Plan My Surgery vertical. An innovation by which the patient can plan their surgeries with the best surgeons at the viable cost & schedule. Moreover, a price comparison is available and the patient is also able to seek time availability and appointment with the best in class doctors and hospitals.

3Hcare – USP and Innovation

Some of the USPs of 3Hcare are–

Free sample collection.
Option to choose among the best labs in the patients’ preferred locations.
Price transparency.
Attractive discounts and offers on services.
Under Plan My Surgery, 3Hcare makes all information available such as expenses required for surgery, doctors available and the accreditation of the hospital. All this information is available online, which makes it easier for patients to make informed decisions.

3Hcare – Revenue Model

3Hcare’s revenue model is simple. As its services are free for the patients, it charges only support fees from centers and hospitals.

3Hcare – Funding and Investors

3Hcare has raised a total of $1.1 Million in 2 rounds of funding. Its funding details are as follows:

Funding Date	Funding Stage	Funding Amount	Investors
September 2017	Angel round	$100K	Angel Investors
August 2018	Venture round	$1 Million	–

3Hcare received an angel funding of $100K, just within 11 months of its inception. The funds were used to develop the IT infrastructure and enhance the other verticals. Recently 3Hcare also raised a second round of funding of $1 million.

3Hcare – User Acquisition

For 3Hcare, the main focus was to provide the best of services to the public. Word of mouth publicity is something that the healthcare startup focused on acquiring new users. Price transparency and discounted prices/offers have also attracted new customers.

Further, to add to the CSR activities, and spread awareness about the importance of timely diagnosis, the team organizes regular free health checkup camps at various locations like rural areas, slums and villages across India.

The main focus was to deliver the best services to the public. If the services are provided with the best class quality, the word of mouth power by the patients/persons seeking the services are the best reference publicity.

3Hcare – Startup Challenges

In the initial months when the website was under construction, it was a huge challenge for the 3Hcare team to convince tying up with diagnostic centers. Still, they managed to bring around 180 centers. Today the portal is ready with over 1000 test centers (PAN India) to choose from with further verticals yet to be added.

According to Ruchi, apart from developing a reliable team, the other major challenge was to self-check for quality labs before getting associated with them. The task was tedious to completely check each and every lab initially for quality, report accuracy and accreditation.

While the further expansion of 3Hcare’s other vertical – Plan My Surgery, rendering comparative quotes, providing real-time data of bed and doctors availability was initially a challenge.

With the progression of data management in our cloud, synchronization helped to overcome the herculean task. Our main aim was to develop the IT infrastructure and strengthen it with the application of artificial intelligence and machine learning.

3Hcare – Future Plans

3Hcare has established itself as a trusted name among its niche customer base. In terms of patients, booking tests through 3hcare.in have increased 10 folds in the past 2-3 months, and the same is the case with revenue.

3Hcare currently has 400+ diagnostic partners and 40+ hospital partners.

The company’s future plans are-

Launch Diagnostic Centre vertical of 3Hcare with the initiation of website functional throughout the world (with an aim to boost medical tourism in the upcoming years).
Launch all verticals along with Mobile applications on a PAN India basis.
International Tie-ups for the second opinion.
Opening of Branches and regional offices.
Covering PAN India and start of Medical Tourism Services.
Adding new Healthcare and wellness verticals like Yoga, Homeopathy, Ayurvedic and fitness centers.
Starting “Manage My Health” vertical.
To open offline labs throughout the tier 3 and tier 4 cities in India to encourage patients to get timely tests.
Become the Leading Marketplace in India’s Healthcare sector by 2022.

Our team has already commenced the opening of offline labs by the name of ‘3Hcare Labs’ in the rural areas. Presently, we have targeted to cover the western UP and Eastern Haryana belt where most backward villages are still devoid of diagnostic centers (that has only sample collection centers, report generation takes 2-3 days there).

3Hcare – FAQs

Does 3Hcare provide Healthcare services?

No, 3Hcare provides details about healthcare services available pan India along with the specialization they have. Users need to register and choose as per their needs.

How much is the registration fee to use 3Hcare?

3Hcare registration fee is free. After registration, customers can avail themselves of the benefits provided by 3Hcare.

How is 3Hcare review?

3Hcare has average to good ratings. It is quite safe to trust and use 3Hcare.

Who is the 3Hcare founder?

CA (Dr.) Ruchi Gupta, Dr. Ravinder Pal Singh Malhotra & Dr. Gurdeep Singh Ratra are the three founders of 3Hcare.

How much is 3Hcare funding?

3Hcare has around $1.1 Million of funding.

Who are the competitors of 3Hcare?

DocPrime, Zoylo, Renew Health and Spreemo are the top competitors of 3Hcare.

July 14, 2021

Tag: HealthTech 🩺

LifeChart Ayurveda: India’s First Digital Alternate Healthcare Platform

LifeChart Ayurveda – Company Highlights

LifeChart Ayurveda – About

LifeChart Ayurveda – Industry Details

LifeChart Ayurveda – Founders and Team

LifeChart Ayurveda – Startup Story

LifeChart Ayurveda – Mission and Vision

LifeChart Ayurveda – Name, Tagline and Logo

LifeChart Ayurveda – Product/Services

LifeChart Ayurveda – Business and Revenue Model

LifeChart Ayurveda – Customer Growth and Retention Strategies

LifeChart Ayurveda – Challenges Faced

LifeChart Ayurveda – Growth

LifeChart Ayurveda – Funding

LifeChart Ayurveda – Key Tools and Software

LifeChart Ayurveda – Awards and Achievements

LifeChart Ayurveda – Competitors

LifeChart Ayurveda – Future Plans

FAQs

What is LifeChart Ayurveda?

Who is the founder of LifeChart Ayurveda?

When was LifeChart Ayurveda founded?

Where are LifeChart’s Ayurveda headquarters?

India’s Health Startup Expedition: Navigating Progress, Government Backing, and Future Horizons on National Startup Day

Progression of HealthTech and Government Support

MedTech Innovations: A Glimpse into the Innovation, Growth, and Future

Nourishing the Future: Nutrition and Beyond

Wellness in Focus: Paving the Way for Health and Wellness Startups

Innovating Healthcare: Government Initiatives, Tech Trends, and Startup Insights in India’s Transformation

Integration of Artificial Intelligence: Digital Microscopy and Beyond

Remote Diagnosis: Breaking Boundaries of Geographies, Distance, and Time

Telemedicine or Telehealth: Mainstream in New-Age Healthcare

Government Support and Initiatives for Healthcare Startups

Investing in the Future of Healthcare: Why You Should Keep an Eye on Health-Related Startups and Stocks

1. AbbVie (NYSE: ABBV)

2. Bristol Myers Squibb (NYSE: BMY)

3. Celadon Pharmaceuticals Plc (AIM: CEL)

Why pharmaceutical stocks?

1. Demand

2. Regulation

3. The Pipeline

What about risk factors?

1. Regulatory Issues

2. Patent Issues

3. Adverse Events

4. Competitions and Innovation

Conclusion

The Success Story of Torrent Pharma becoming a drug manufacturing giant

Torrent Pharma – About

Torrent Pharma – Company Highlights

Torrent Pharma – Industry details

Torrent Pharma – Founder

Uttambhai Nathalal Mehta

Samir Uttamlal Mehta

Sudhir Uttamlal Mehta

Torrent Pharma – Startup Story

Torrent Pharma – Mission and Vision

Torrent Pharma – Name, Tagline, Logo

Torrent Pharma – Business & Revenue Model

India Business

International Business

US Business

Torrent Pharma’s CSR Activities

Torrent Pharma – Revenue Growth

Torrent Pharma – Funding and Investors

Torrent Pharma – Mergers and Acquisitions

Torrent Pharma – Awards and Achievements

Torrent Pharma – Competitors

Torrent Pharma – Future Plans

FAQs

Who is the founder of Torrent Pharma?

What is the rank of Torrent Pharma in India?

Where is Torrent pharma based?

Top 18 Healthcare and Pharma Startups in India 2022

Flaunt your startup with StartupTalky

Netmeds

ImpactGuru

Docplexus

Mera Medicare