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Health Tech Startups Have Upgraded The Standards Of Healthcare Industry

Franchise India Bureau
Franchise India Bureau Jul 05 2019 - 1 min read
Health Tech Startups Have Upgraded The Standards Of Healthcare Industry
Apart from bridging the gaps between the doctors and the patients, these startups are also creating an ecosystem to facilitate a better and faster healthcare environment.

The intervention of technology into healthcare is considered as a boon to the whole industry. Traditionally, Healthtech startups were associated with those providing diagnostic, enterprise, medicine delivery solutions, etc. However, a new breed of startups has emerged trying to solve issues on the root causes like the consumer lifestyle, mental stress, early diagnosis of genetic disorders and even reducing the after effects of painful processes including chemotherapy in the recent years.

Apart from bridging the gaps between the doctors and the patients, these startups are also creating an ecosystem to facilitate a better and faster healthcare environment. With this, the startups are getting more and more funds to expand their business and increase their reach.

Recently, healthtech startup MedTrail has raised Rs 6.37 crore in funding led by Strive, earlier known as GREE Ventures. The Delhi-based platform alone invested Rs 2.2 crore through its second fund AT-II Investment. 

The funding round has also seen participation from LetsVenture, KB 1 Capital India Private Limited, Miten Harish Sampat (Vice President, Corporate Development at Times Internet), Jamil Khatri (Partner at KPMG), and Dubai-based family fund Diverse Middle East FZE.

In this round, LetsVenture and KB 1 Capital India have infused Rs 1.59 crore and Rs 1.5 crore, respectively.

The new funds will be utilised by the startup to increase its reach among the patients by onboarding more doctors and healthcare service providers on the platform.

Founded by Mohit Mittal and Nikhil Agarwal in 2017, MedTrail offers a platform to doctors and healthcare service providers for collaborating with patients to solve healthcare problems using technology.

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