HEALTHCARE STARTUPS
How family businesses in India can move past trust and succession challenges to pace ahead
PwC report highlights how FOs have evolved from wealth preservation units to sophisticated entities, driving impactful and responsible investing.
AI startup funding more than doubles in Q2, Crunchbase data shows
Startup funding overall grew 16% sequentially to touch $79 billion in the last quarter, primarily driven by investments in AI, which became the largest sector for the first time, followed by healthcare and biotech. Outside of AI, cybersecurity company Wiz raised a billion-dollar in its latest funding round.
Narayana Hrudayalaya's 'Aditi' - the latest experiment in Indian healthcare
Bengaluru-based hospital chain Narayana Hrudayalaya (NHL) has introduced the Aditi insurance scheme, offering a Rs 1 crore cover for surgeries and Rs 5 lakh for medical treatments at NHL hospitals for an annual premium of Rs 10,000 for a family of four. The managed care model aims to provide affordable healthcare with controlled costs.
Inclusive healthcare: H.E. Dr. Noura Khamis Al Ghaithi on Abu Dhabi’s vision beyond borders
In conversation with H.E. Dr. Noura Khamis Al Ghaithi, Undersecretary of the Department of Health – Abu Dhabi, who outlines the vision of the Abu Dhabi Global Healthcare Week (ADGHW) positioned to serve as an annual platform for inclusive knowledge-sharing and crafting collaborative strategies aimed at delivering positive patient outcomes.
India must lead AI revolution, not just participate, says G20 Sherpa Amitabh Kant
Amitabh Kant emphasizes India's potential to lead the AI revolution globally, highlighting the country's active engagement in AI projects. He stresses the importance of AI integration in various sectors like healthcare and logistics to drive innovation and competitiveness.
Peak XV has Rs 16,000 crore for investment; AI to be in focus: Rajan Anandan
Peak XV Partners, managing director Rajan Anandan said the company isn't facing any shortage of capital, they just want more people starting up in AI. "We have over 25 AI investments that we’ve made over the last 1-1.5 years,” he said. Peak XV Partners recently led a $10.5 million funding round in AI health startup Cloudphysician.
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Who is Rishi Shah: The man who defrauded Goldman Sachs, Google of $1 billion
Rishi Shah, co-founder of Outcome Health, has been sentenced to seven and a half years in prison for orchestrating a $1 billion fraud scheme involving his healthcare advertising startup. The case has impacted major investors and drawn attention to corporate accountability.
Healthtech startup Cloudphysician appoints Oyo's Mandar Vaidya as India CEO
Cloudphysician's new India CEO, Vaidya, drives tech-enabled healthcare with industry expertise, strategic partnerships, and global expansion.
LinkedIn cofounder's background-checking startup KarmaCheck raises $45 million
The San Francisco-based company said on Thursday that it will use the funds to accelerate the development of its technology and "expand into new industry verticals."
Govt seeks bids from colleges, universities for help on Bhashini proliferation
The government is calling on universities and independent startup incubators to develop strategies to boost the use of Bhashini, its natural language processing tool. The IT ministry has asked the bids to be submitted by July 10.
Cloudphysician raises $10.5 million in funding round led by Peak XV Partners
Online healthcare and technology solutions provider Cloudphysician has raised $10.5 million (about Rs 87.7 crore) in a funding round led by Peak XV Partners, along with Elevar Equity and venture debt firm Panthera Peak. The startup will use the capital to strengthen its presence in India, enter other countries and develop its AI platform.
Eyeing a healthcare career? Here are the trending roles, skills and pay brackets you should know
The Indian healthcare sector is booming, becoming an economic backbone with opportunities in healthtech and insurtech. High-end technology has opened doors for new careers, emphasizing the importance of specific skills for success in the evolving industry.
Former attorney general Mukul Rohatgi & his wife sell Sunder Nagar house for Rs 100 cr
Mukul Rohatgi, former Attorney General of India, and his wife Vasudha have sold their 724 square metre bungalow in Delhi's Sunder Nagar for ₹100 crore to Vikram Goyal, a local resident. Goyal paid ₹7 crore as stamp duty for the property. Last year, Rohatgi purchased a 2,100 square-yard bungalow in Delhi's Golf Links for ₹160 crore. Sunder Nagar has become a sought-after area for high-net-worth individuals, with recent notable purchases including one by former solicitor general Gopal Subramanium for ₹85 crore and another by Ameera Shah of Metropolis Healthcare for ₹64 crore.
ETtech Deals Digest: Startup funding soars to $748.5 million this week
Startups raised $748.5 million in the third week of June, with Mumbai-based Zepto securing $665 million. This marked an eightfold increase from the previous week. Top deals included Zepto, EKA Mobility, Wrogn, OrbitShift, and Alyve Health.
AI app evaluation platform Maxim AI raises $3 million
Maxim AI serves clients in sectors such as software-as-a-service (SaaS), banking, healthcare, and edtech. The company will use fresh capital to expand team and scale operations to partner with more enterprises developing AI products. In fiscal year 2025, the company is focusing on its go-to-market strategy and expanding its platform, which includes proprietary evaluators and a robust data engine.
Health tech startup Alyve Health raises $5.5 million funding from Axilor Ventures, others
Health tech startup Alyve Health raised $5.5 million led by Axilor Ventures for platform enhancement and talent acquisition in Mumbai. Earlier in April 2022, it raised seed funding of $900,000 from Axilor Ventures and 1Crowd Fund.
Early-stage VC Z21 Ventures planning $40 million second fund
Z21 Ventures, an early-stage investment firm focusing on the India-US corridor, has fully deployed its first $5-million fund and is gearing up to launch a $40 million second fund. The firm, founded in 2022 by Abhinav Shashank and Raj Shekhar Singh, targets enterprise software and hardware startups with investments ranging from $100,000 to $150,000, backed by a community of Indian-origin technology executives like Google, Amazon, and Meta.
Manufacturing startup Ethereal Machines secures $13 million from Peak XV, Steadview Capital
Existing investors Blume Ventures, Enam Investments, and WestBridge Capital managing director Sandeep Singhal also join fundraise. Deeptech startup in India develops proprietary multi-axis computer numerical control (CNC) machines and uses them to produce precision parts for the aerospace, healthcare, and consumer electronics industries.
Practo posts 22% rise in FY24 operating revenue, cuts loss by 90%
Practo reported a 22% rise in operating revenue to Rs 242 crore for FY24, reducing its operating loss by 90%. It helps patients connect with doctors, book appointments, and offers online consultations.
Drone delivery startup Skye Air raises $4 million in funding
Skye Air, a drone delivery logistics solution provider, raised $4 million to expand its last-mile network in Gurugram and other cities for healthcare, e-commerce, and quick-commerce deliveries.
BharatX expands into healthcare finance with acquisition of Zenifi
Fintech startup BharatX acquires healthcare finance firm Zenifi to enter medical lending. Zenifi CEO Padam Kataria joins BharatX to lead healthcare lending vertical.
From highways to 1.25 lakh start-ups: PM Modi compares achievements under BJP rule with Congress-era
Drawing attention to various sectors, PM Modi provided a comparative analysis to underscore the progress made during his tenure. He focused on infrastructure development, education, healthcare, and improvements in basic amenities, showcasing the advancements made under his administration.
KKR in talks to buy into healthcare BPO company Infinx
Launched in 2012 as Tandon Information Solutions, Infinx is also into medical transcription, eligibility and benefit verification, complete medical billing, medical coding (across specialty) and comprehensive account receivable management services.
Empowering healthcare innovations: Dr. Noura Khamis Al Ghaithi on ADGHW's role in global healthcare collaboration
H.E. Dr. Noura Khamis Al Ghaithi discusses ADGHW as a platform for global healthcare collaboration, focusing on innovations and partnerships with Indian healthcare providers. The event aims to develop precision health initiatives, strengthen life sciences research, attract medical tourism, and support a growing startup ecosystem.
ARTPARK: From legged robots to advanced cargo drones, a look at India's first robotics park
ARTPARK, India's pioneering AI and robotics hub established in 2020 within the Indian Institute of Science (IISc) campus, Bengaluru, aims to foster inclusivity and equitable access to technology. With a core focus on innovation, skilling, and industry collaboration, ARTPARK nurtures startups, supports research, and tackles societal challenges. Backed by substantial funding, it's a nexus for developing cutting-edge solutions and driving India's technological advancement.
IIT Kanpur joins hands with Blockchain for Impact to accelerate healthcare innovation
IIT Kanpur partners with BFI under BFI-Biome Virtual Network Program to boost healthcare startups. $150,000 pledged for SIIC healthcare innovations. Emphasis on entrepreneurial initiatives, biomedical research, and impactful solutions.
Emergency healthcare startup Medulance raises $3 million
New Delhi-based startup Medulance has raised funds after running as a profitable bootstrapped company for six years. This round also saw participation from investors such as Dexter Capital, Boat founder Aman Gupta, and Emcure Pharmaceuticals’ executive director Namita Thapar.
Healthtech sector hiring up 9% in 2023 despite startup funding winter
India's healthtech sector saw a 9% increase in hiring in 2023, despite challenges such as reduced investments. Sales and business development roles were the most sought-after, followed by technology and product development positions. Companies are actively recruiting professionals in software development, data analytics, and quality assurance. Top roles in demand include DevOps Engineer, Mobile App Developer, and Data Scientist. Python, .Net, and AI skills are highly valued. The sector anticipates a 15-20% employment growth in 2024, with companies like Access Healthcare and Tata 1mg driving recruitment efforts.
Goa court allows plea for mental health check-up of start-up CEO Suchana Seth accused of killing her son
The Goa police, investigating the case, had earlier opposed the plea, informing the court that after her arrest in January, Seth has been subjected to regular health check-ups, including assessments of her mental health condition, during her period in custody.
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