Thank you Robert Garverick, Minister Counselor for Economic Affairs and Environment, Science and Technology at @USAndIndia for visiting us at @THubHyd. It was a pleasure showcasing our product, upBeat. Thank you @INDOUSSTF for the support.
🤑 Beyond Numbers: Unveiling the Healthtech Funding Chronicles of 2023!
The Indian healthtech sector, home to over 99,371 startups, saw a funding shift to $682.7 million from $1.5 billion in 2022. Notable factors include reduced late-stage investments, fewer funding rounds (247 to 103), and a drop in average cheque size.
Explore Funding Triumphs: Transforming Healthcare ⤵️
Despite challenges, 🔟 healthtech startups made waves in November and December 2023. Let's dive into their innovative journeys:
1️⃣ Peptris Technologies
- Funding: $1M in Pre-Seed by Speciale Invest (Dec '23)
- Focus: AI-driven drug development, tackling undruggable targets.
2️⃣ @MonitraHealth
- Funding: $1.5M in Pre-Series A by Equanimity Ventures and @KotakAlt (Dec '23)
- Focus: Remote cardiac monitoring with upBeat, India's first full-stack platform.
3️⃣ BetterSpace
- Funding: INR 4.5M in Pre-Seed by @pedal_start (Dec '23)
- Mission: Holistic mental health solutions, emphasizing stable, sustainable growth.
4️⃣ https://t.co/XANy0YSO7M
- Funding: $11M in Series A by @MMVglobal (Nov '23)
- Approach: Holistic diabetes management, focusing on service expansion and R&D.
5️⃣ @Zylahealth
- Funding: $4M in Series A by Exfinity Venture Partners (Dec '23)
- Vision: Personalized healthcare interventions using data and technology.
6️⃣ Inito
- Funding: $6M in Series A by @firesideventure (Nov '23)
- Innovation: Reproductive health tracking with Fertility Monitor.
7️⃣ Curelo
- Funding: $100K from @IIMAhmedabad's @CIIEIndia (Oct '23)
- Offering: Seamless at-home blood sample collections for efficient diagnostics.
8️⃣ @ApexKidney
- Funding: $10M from Tata Capital Healthcare Fund II (Oct '23)
- Goal: Transforming kidney care with world-class hemodialysis practices.
9️⃣ @weareclinikally (YC S22)
- Funding: $2.6M from @ycombinator, @sequoia Scout Fund, and others (Sep '23)
- Focus: Dermatology and wellness care via accessible telehealth services.
🔟 @doceree
- Funding: $35M led by @creaegis (Sep '23)
- Mission: Bridging gaps in physician engagement through innovative marketing solutions.
Future Forward: Charting a Resilient Course for Healthtech in 2024 ⏬
These funding triumphs showcase the fusion of technology and healthcare expertise, paving the way for a resilient and responsive healthcare ecosystem in India. From AI-driven drug discovery to personalized healthcare interventions, these startups are not only securing financial support but also steering the trajectory of healthcare delivery. As we celebrate these milestones, it's evident that the integration of technology and healthcare is forging a healthier future for all. #HealthTech #Innovation #FundingWins #healthcareinnovation #aihealthcare
Go beyond the surface 👇
https://t.co/D0Ubs8HquY
Presenting to you this week’s @ianetwork Startup Wrap.
Scroll through for a snapshot of what kept the startup scene abuzz all week long!
@MonitraHealth
Monitra Health Secures USD 1.5mn in Pre-Series A Funding
Congratulations Ravi, Aparna and team @MonitraHealth - look forward to saving more lives using upBeat.
𝗙𝘂𝗻𝗱𝗶𝗻𝗴 𝗨𝗽𝗱𝗮𝘁𝗲!
@MonitraHealth advances cardiac care with a groundbreaking $1.5mn Pre-Series A funding for their innovative upBeat® monitoring platform. Revolutionizing heart health one beat at a time!
Exciting News!🚀 Monitra Health, backed by Equanimity & Kotak, secures a transformative USD 1.5mn in Pre-Series A funding. Their pioneering upBeat®️ platform is set to redefine cardiac monitoring globally. We’re proud to support advancements of our portfolio company Monitra.
Equanimity Ventures and Kotak Alternate Asset Managers led a pre-Series A funding #round that brought $1.5 million to the healthtech firm Monitra Health.
Read more - https://t.co/PjDcJuGJl4
#monitrahealth#healthtech#startup#funding
T-Hub Ecosystem startup, @MonitraHealth, secured USD 1.5M in pre-series A funding led by Equanimity Ventures and Kotak Alternate Asset Managers.
Fueling innovation, attracting talent, and catalysing upBeat's growth.
#InnovateWithTHub#InnovationEcosystem
Congratulations to the Monitra Healthcare Private Limited team for raising the funds that will fuel tech-driven healthcare accessibility across India and beyond.
𝗧𝗼 𝗿𝗲𝗮𝗱 𝗺𝗼𝗿𝗲: https://t.co/Gq4j57yATg
#monitrahealthcare#healthcare#funding
Pleased to announce our investment in @MonitraHealth. Cardiovascular disease is a leading cause of death. Monitra’s affordable upBeat solution will make it possible to detect Heart Rhythm Disorders (HRD) in 50M+ patients and save many lives globally.
https://t.co/YAZtvDFBx8
Great interactions with former president of Croatia, Kolinda Grabar-Kitarović @KolindaGK, on upBeat®, its multiple use cases, how it is improving patient outcomes and delivering meaningful impact in healthcare during her visit to @THubHyd
Upbeat is a product for High quality remote cardiac monitoring. Good to see improved clinical outcomes and positive feedback from users
upBeat® - User Testimonial https://t.co/YZRvPWumfp via @YouTube@MonitraHealth@ianetwork@knk_venkat@RaviBhogu
Today is International E-waste day. India accounts for 3.2 million tonnes of E-waste & ranks 3rd among countries.
upBeat® is environment friendly. Our HEX sensors have been designed to last for multiple years of use.
Today we reiterate our commitment to sustainability.