June 18, 2024
Discover the leading HealthTech startups revolutionizing healthcare in India. From telemedicine to online pharmacies, explore the top 10 companies driving innovation and accessibility in the healthcare industry.

Healthtech is the fastest-growing sector in the healthcare world. Healthtech, the term itself encapsulates this evolution, clearly referring to the intersection between healthcare and technology. Startups in India are slowly redefining the delivery of quality healthcare in India, bridging the gap between patients and healthcare providers through various digital solutions. It does not just bridge the gap but also creates an ecosystem designed to deliver better and faster quality healthcare within the environment. There are about 3,225 startups in India that focus on healthtech and various others are setting up. The main focus of most startups is to help access healthcare resources. This is not a surprise because the ratio of medical specialists to patients is quite imbalanced in the country. Due to the rise of healthcare startups in India, we will soon be looking at the benefits of genomics, biotech, and robotics in hospitals and clinics to improve the efficiency of healthcare services. Artificial intelligence can accurately diagnose illnesses, while applications that track our vital signs and movements can improve the country’s overall health.

HealthTech, short for Health Technology, refers to the application of technology and innovation in the healthcare sector to improve the delivery, accessibility, efficiency, and effectiveness of healthcare services. It encompasses a wide range of technologies, including digital health solutions, medical devices, telemedicine, health information systems, wearables, artificial intelligence (AI), machine learning (ML), and more.

HealthTech startups and companies are at the forefront of driving advancements in healthcare. They develop innovative solutions that aim to address various healthcare challenges, improve patient outcomes, enhance preventive care, streamline healthcare operations, and empower individuals to take charge of their health.

Here is a list of Top 10 Healthtech Startups in India: 

1.MediBuddy

Overview:Online platform offering multiple healthcare services. The platform enables users to search for healthcare providers and schedule follow-ups with doctors across multiple medical specialties. Also, it enables users to access medicine delivery, lab tests, health check-up, and insurance services.

Innovation: Include telemedicine for remote consultations, home delivery of prescription medicines, comprehensive health check-up packages, at-home sample collection for lab tests, and integrated health insurance services.

Impact: Significantly improves access to healthcare in remote areas, enhances convenience with home services, reduces wait times and travel, offers competitive pricing, and simplifies the use of health insurance for medical expenses.

Key FactDetail
Founded Year2013
LocationBengaluru, India
StageAcquired
Funding$192M
InvestorsBessemer Venture Partners, Innoven Capital, and 60 others
Tracxn Score82/100
Competitors Rank1 of 461 Competitors
ServicesSearch for healthcare providers, schedule follow-ups, medicine delivery, lab tests, health check-ups, insurance services
MediBuddy Details in Table

2.Tata 1mg

Overview:Provider of an online pharmacy with doctor listing and teleconsultation services. It offers an online pharmacy store where the user can view medicines, compare prices, and purchase online. The user can also upload prescriptions for placing the order. It also offers an online doctor consultation and lab test platform that allows users to search for doctors and book appointments. The platform also sells fitness supplements, healthcare products, healthcare devices, and alternate medicines.

Innovation: Tatamg leverages advanced technologies like artificial intelligence and machine learning to develop tools that improve customer experience, streamline operations, and provide actionable insights for businesses.

Impact: Tatamg solutions help businesses increase efficiency, reduce costs, and enhance customer satisfaction by providing personalized and automated services, leading to overall growth and competitive advantage.

Key FactDetail
Founded Year2015
LocationGurgaon, India
StageAcquired
Funding$231M
InvestorsIFC, Khosla Ventures, and 40 others
Tracxn Score81/100
Competitors Rank1 of 717 Competitors
ServicesOnline pharmacy, doctor listing, teleconsultation, fitness supplements, healthcare products, alternate medicines
Tata 1mg Details in Table

3.PharmEasy

Overview: PharmEasy is an Indian healthcare startup that provides an online platform for ordering medicines, healthcare products, and diagnostic services. It aims to make healthcare accessible and affordable to all.

Innovations: PharmEasy has innovated by integrating online medicine delivery, at-home diagnostic tests, and telehealth services into a single platform. It also leverages technology to streamline the supply chain and ensure timely deliveries.

Impact: PharmEasy has significantly impacted the healthcare sector by enhancing access to essential medicines and health services, particularly in underserved areas. Its convenient and cost-effective solutions have improved patient adherence to treatment and promoted overall health and wellness.

Key FactDetail
Founded Year2015
LocationMumbai, India
StageSeries G
Funding$1.75B
InvestorsTPG, Bessemer Venture Partners, and 136 others
Tracxn Score78/100
Competitors Rank2 of 717 Competitors
ServicesOnline pharmacy, diagnostic tests, teleconsultation
PharmEasy Details in Table

4.HealthKart

Overview: HealthKart is an Indian health and wellness e-commerce platform that offers a wide range of health supplements, fitness products, and wellness items. It was founded in 2011 by Sameer Maheshwari and Prashant Tandon to cater to the growing demand for health products in India.

Innovations: HealthKart has developed its own line of health supplements and fitness products under the brand names MuscleBlaze and HK Vitals. The platform also uses data-driven insights to personalize product recommendations for users. Additionally, it provides a subscription model for regular delivery of health supplements.

Impact : HealthKart has significantly enhanced the accessibility of quality health supplements and fitness products across India. It has helped promote health and fitness awareness among consumers and has made it easier for people to purchase authentic health products online. The startup has also contributed to the growth of the health and wellness market in India.

Key FactDetail
Founded Year2011
LocationGurgaon, India
StageSeries H
Funding$224M
InvestorsIntel Capital, Temasek, and 21 others
Tracxn Score78/100
Competitors Rank1 of 176 Competitors
ServicesHealth, sport, and nutritional supplements
HealthKart Details in Table

5.Curefit

Overview: Curefit is a health and fitness startup based in India, offering a comprehensive range of services aimed at holistic wellness. Founded in 2016 by Mukesh Bansal and Ankit Nagori, Curefit operates through its app and physical fitness centers across multiple cities in India.

Innovations: Curefit has revolutionized the fitness industry by integrating various aspects of wellness into one platform. Their innovations include personalized workout plans, live classes, mental wellness sessions, healthy meal delivery, and diagnostic services, all accessible through a single app. They have also introduced the concept of cult.fit centers, providing a blend of fitness classes under one roof.

Impact: Curefit has had a profound impact on the health and fitness landscape in India. By offering a holistic approach to wellness, they have made it easier for individuals to prioritize their health amidst busy schedules. Their user-friendly app and affordable services have democratized access to fitness, reaching a wide demographic. Moreover, Curefit’s emphasis on mental wellness alongside physical fitness has contributed to a more balanced approach to overall health in society.

Key FactDetail
Founded Year2016
LocationBengaluru, India
StageSeries F
Funding$665M
InvestorsOaktree Capital Management, Temasek, and 94 others
Tracxn Score78/100
Competitors Rank2 of 761 Competitors
ServicesDigital and offline fitness services, healthy meals, fitness tracking
Curefit Details in Table

6.HealthifyMe

Overview: HealthifyMe is a leading health and fitness startup based in India, offering a comprehensive digital platform that helps individuals achieve their health goals through personalized diet plans, workout routines, and expert coaching.

Innovation: One of HealthifyMe’s key innovations lies in its use of artificial intelligence and machine learning algorithms to analyze user data and provide tailored recommendations for diet and exercise. This personalized approach sets it apart, making health management more effective and sustainable for users.

Impact: HealthifyMe has had a significant impact on the health and wellness landscape, empowering millions of users to make healthier lifestyle choices. By leveraging technology to democratize access to fitness expertise and nutritional guidance, the platform has contributed to a positive shift in health consciousness and behavior among its users. Additionally, HealthifyMe’s scalable model has helped in addressing prevalent health challenges, such as obesity and lifestyle diseases, by promoting preventive healthcare and fostering long-term wellness habits.

Key FactDetail
Founded Year2012
LocationSingapore
StageSeries C
Funding$130M
InvestorsKhosla Ventures, Chiratae Ventures, and 48 others
Tracxn Score77/100
Competitors Rank4 of 935 Competitors
ServicesHealth tracking, personalized meal and workout plans, wearable devices
HealthifyMe Details in Table

7.Medi Assist

Overview: Medi Assist is a healthcare startup based in India, focusing on providing innovative solutions in the healthcare industry. Their platform offers services such as digital health records management, teleconsultations with doctors, medicine delivery, and health insurance integration, aiming to streamline and simplify healthcare access for individuals and organizations alike.

Medi Assist Innovations:
One of the key innovations of Medi Assist is its integration of digital health records, allowing users to securely store and access their medical history online. Additionally, their teleconsultation feature enables remote access to healthcare professionals, reducing the need for physical visits. The platform also facilitates medicine delivery and integrates health insurance services, enhancing convenience and accessibility for users.

Impact of Medi Assist:
The innovations introduced by Medi Assist have significantly impacted the healthcare landscape in India. By digitizing health records and enabling teleconsultations, they have increased access to healthcare services, particularly in underserved areas. Moreover, their focus on convenience and integration with health insurance has made healthcare more affordable and efficient for individuals and organizations, ultimately improving overall healthcare outcomes in the country.

Key FactDetail
Founded Year2002
LocationBengaluru, India
StagePublic
Funding$28.9M
InvestorsBessemer Venture Partners, Innoven Capital, and 37 others
Tracxn Score75/100
Competitors Rank10 of 1,126 Competitors
ServicesHealthcare benefits administration, medical history management, insurance claims
Medi Assist Details in Table

8.Practo

Overview: Practo is an Indian healthcare technology company that offers a platform connecting patients with healthcare providers. It provides a range of services including online doctor consultations, appointment booking, medicine delivery, and health record management. Founded in 2008, Practo has become a prominent player in the digital healthcare space, serving millions of users across India.

Innovations: Practo has introduced several innovations in the healthcare sector. Its telemedicine platform enables patients to consult with doctors remotely, expanding access to medical care. The integration of electronic health records (EHR) simplifies patient data management, ensuring continuity of care. Additionally, Practo’s prescription digitization and medicine delivery services streamline the process of obtaining medication, enhancing convenience for users.

Impact : Practo has had a significant impact on the healthcare landscape in India. By providing online doctor consultations and other digital healthcare services, Practo has improved access to medical care, particularly in underserved areas. Its emphasis on technology-driven solutions has increased efficiency within the healthcare system, reducing wait times for appointments and enabling faster access to medication. Moreover, Practo’s platform empowers patients by giving them more control over their healthcare journey, leading to better health outcomes and overall satisfaction.

Key FactDetail
Founded Year2008
LocationBengaluru, India
StageSeries D
Funding$251M
InvestorsTencent, RocketSpace, and 30 others
Tracxn Score75/100
Competitors Rank9 of 1,564 Competitors
ServicesAppointment booking, telemedicine, practice management, online pharmacy
Practo Details in Table

9.Beato

Overview: Beato is a healthcare startup focusing on diabetes management through innovative technology solutions. Founded with the mission to empower individuals to take control of their diabetes, Beato offers a range of digital tools and services to monitor blood glucose levels, track health metrics, and connect with healthcare professionals.

Innovation: At the heart of Beato’s innovation lies its mobile application, which serves as a comprehensive diabetes management platform. The app integrates features such as glucose monitoring, meal tracking, medication reminders, and personalized insights based on user data. Additionally, Beato provides IoT-enabled glucometers and continuous glucose monitoring (CGM) devices for real-time data collection and analysis.

Impact: Beato has significantly impacted the lives of individuals living with diabetes by providing them with tools to better manage their condition. Through its user-friendly interface and personalized recommendations, Beato empowers users to make informed decisions about their health and lifestyle choices. Moreover, Beato’s remote monitoring capabilities enable healthcare professionals to deliver timely interventions and support, leading to improved health outcomes and quality of life for patients with diabetes.

Key FactDetail
Founded Year2015
LocationDelhi, India
StageSeries B
Funding$49.3M
InvestorsKotak Mahindra Bank, Blume Ventures, and 52 others
Tracxn Score73/100
Competitors Rank1 of 30 Competitors
ServicesDiabetes management, smartphone-enabled glucometer
Beato Details in Table

10.Ultrahuman

Overview: Ultrahuman is a wellness startup focusing on enhancing human performance and well-being through innovative technology solutions. Its platform offers a holistic approach to health, combining fitness tracking, mindfulness, sleep tracking, and expert guidance to help users optimize their physical and mental wellness.

Innovation: Ultrahuman’s key innovation lies in its integration of various wellness aspects into one comprehensive platform. It utilizes AI-driven algorithms to provide personalized insights and recommendations, making it easier for users to track and improve their overall health. Additionally, the platform leverages biofeedback technology to enhance mindfulness training, helping users manage stress and improve focus.

Impact : Ultrahuman has had a significant impact on the wellness industry by democratizing access to advanced health and fitness tools. Its user-friendly interface and personalized approach have empowered individuals to take control of their health journey. By promoting a proactive approach to well-being, Ultrahuman has helped users achieve better physical fitness, mental resilience, and overall quality of life.

Key FactDetail
Founded Year2019
LocationBengaluru, India
StageSeries B
Funding$60.3M
InvestorsMedicxi, Nexus Venture Partners, and 39 others
Tracxn Score73/100
Competitors Rank1 of 33 Competitors
ServicesMetabolic health tracking, smart ring, real-time nutrition, and fitness insights
Ultrahuman Details in Table

FAQ on Top 10 Healthtech Startups in India:

Q1. What are healthtech startups?
Healthtech startups are companies that use technology to provide innovative solutions in the healthcare industry, ranging from telemedicine platforms to wearable devices for health monitoring.

Q2. What makes these startups the top 10 in India?
These startups have gained recognition for their innovative approaches, impact on improving healthcare accessibility and affordability, funding received, user base, and overall contribution to the healthtech ecosystem in India.

Q3. Can you list the top 10 healthtech startups in India?
Certainly! The top 10 healthtech startups in India include Practo, 1mg, Portea Medical, mfine, PharmEasy, NetMeds, Lybrate, HealthifyMe, Niramai, and CureFit.

Q4. What services do these startups offer?
These startups offer a wide range of services such as online doctor consultations, medicine delivery, diagnostic tests at home, fitness and nutrition guidance, mental health support, and health insurance solutions.

Q5. How do these startups impact healthcare in India?
They impact healthcare by improving access to medical services, reducing healthcare costs, providing convenience through online platforms, leveraging technology for early disease detection, promoting preventive healthcare, and enhancing overall patient experience.

Q6. Are these startups only accessible in urban areas?
While initially focused on urban areas, many of these startups are expanding their reach to semi-urban and rural areas through telemedicine services, partnerships with local healthcare providers, and initiatives to bridge the digital divide.

Q7. Are these startups regulated by government authorities?
Yes, these startups operate within the regulatory framework set by government authorities such as the Ministry of Health and Family Welfare and follow guidelines related to data privacy, medical ethics, and quality standards.

Q8. How do these startups ensure patient privacy and data security?
They implement robust security measures such as encryption protocols, secure servers, and compliance with data protection regulations like HIPAA and GDPR to safeguard patient information and maintain confidentiality.

Q9. Are these startups affordable for all income groups?
Many of these startups offer a range of services with varying price points, discounts, and affordable subscription plans to cater to different income groups, making healthcare more accessible and affordable.

Q10. How can individuals access the services provided by these startups?
Individuals can access the services through their websites or mobile apps, where they can book appointments, order medicines, schedule diagnostic tests, consult with healthcare professionals, track their health metrics, and avail of other wellness services offered by these startups.

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