HealthTech Startups in India That Secured Funding in 2024 Report

The healthcare sector witnessed significant funding milestones in 2024, with startups across India securing investments to fuel breakthroughs in health tech, wellness and medical accessibility. 

From Hyugalife’s USD 1 million to Qure.ai’s USD 65 million, explore how these companies are reshaping the future of healthcare.

HealthTech Startups Funding Report 2024

Here's a closer look at the trailblazing ventures that raised funding in 2024, their innovations, and their impact on the industry.

1. Hyugalife - $1 Million Funding

Hyugalife, a leading wellness and health startup, has  successfully raised USD 1 million from a mix of new and existing investors.

Offering a curated selection of over 300+ brands and 9,000+ authentic products, Hyugalife.com serves as India’s premier e-commerce platform for health and wellness. With expert-picked items spanning categories like sports nutrition, women's health, hair, skin, and nails, it’s a comprehensive destination for well-being solutions.

2. Larkai Healthcare - $500k Funding

Larkai Healthcare, a global med-tech innovator, has secured USD 500k in seed funding. The round saw participation from FAAD Network, QI Ventures, RTAF and government grants.

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Larkai is committed to revolutionizing healthcare access by providing advanced and affordable diagnostic solutions, making quality healthcare more accessible worldwide.

3. CureBay - INR 61.8 Crore Funding

CureBay, a healthtech company focused on rural healthcare accessibility,has secured Rs 61.8 crore (USD 7.5 million) in a recent investment round led by Elevar Equity.

Founded in 2021, CureBay leverages technology to bridge the gap in healthcare services, ensuring efficient last-mile delivery of essential medical care to underserved rural areas.

4. Amaha - INR 50 Crore Funding

Mental health startup Amaha, formerly known as InnerHour,has successfully raised Rs 50 crore (approximately $6 million) in funding, led by Fireside Ventures with participation from family offices and angel investors.

Founded in 2016 by renowned psychiatrist and healthcare entrepreneur Dr. Amit Malik, Amaha is dedicated to transforming mental health care through innovative, accessible solutions.

5. Neodocs - $2 Million Funding

Neodocs, a healthtech startup specializing in digital health-test kits,has successfully raised $2 million in a seed funding round led by Omidyar Network India.

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Founded by Nikunj Malpani, Anurag Meena, and Pratik Lodha, Neodocs is revolutionizing healthcare accessibility with affordable, innovative digital test kits designed to empower users with quick and reliable diagnostic solutions.

6. Zeno Health - $25 Million Funding

 Zeno Health, a leading marketplace for high-quality and affordable generic medications,has raised USD 25 million in its Series C funding round.

Founded in 2017 by IIT Bombay alumni Siddharth Gadia and Girish Agarwal, Zeno Health specializes in providing access to generic prescription medicines for chronic and recurring illnesses, along with non-prescription products that cater to general health, personal care, and overall well-being.

7. Cureskin - $20 Million Funding

CureSkin, an AI-powered dermatology platform offering clinically validated skin and hair health solutions,has secured USD 20 million in its Series B funding round.

CureSkin's AI-enabled app delivers personalized, dermatologist-prescribed care for skin and hair issues, reaching individuals across India with tailored and effective solutions.

8. Sugar.fit -  $ 5 Million Funding

Sugar.fit, an Indian healthtech company focused on diabetes care,has raised an additional USD 5 million in its Series A extension, bringing the total to USD 16 million for the round.

Sugar.fit combines advanced technology, expert care, and personalized strategies with a research-driven approach to help individuals with diabetes regain control and lead a normal life.

9. Ultrahuman - $35 Million Funding

Ultrahuman, a leading health technology startup,has raised USD 35 million in a financing round consisting of both debt and equity.

Founded by Mohit Kumar and Vatsal Singhal, Ultrahuman is recognized as the world's most comprehensive self-quantification platform, offering advanced tools for personal health tracking and optimization.

10. Cardiotrack - $2 Million Funding

Cardiotrack, a healthcare diagnostics startup,has raised USD 2 million in a pre-Series A funding round led by Girish Narasimhan and co-investor Y S Shashidhar.

Founded in 2015 by Ashim Roy and Avin Agarwal, Cardiotrack is transforming healthcare delivery by providing efficient and innovative diagnostic solutions.

11. Curelo - INR 10 Crore Funding

Curelo, a health tech startup,has raised INR 10 crore from US family offices, Tarun Katial (founder of Zed 5), IIMA Ventures and cricketer Shreyas Iyer.

Founded in 2022 by Arpit Jayswal, Curelo is an online aggregator platform, revolutionizing healthcare in India by creating a digital marketplace for diagnostic labs.

12. PlatinumRx -  $800K Funding

PlatinumRx, a healthcare firm,has raised $800K in a seed round led by India Quotient, with participation from several well-known angel investors.

Founded by Ashutosh Pandey and Piyush Kumar, PlatinumRx aims to transform how chronic patients access essential prescriptions by offering alternatives from leading manufacturers like Abbott, Cipla, and Alkem.

13. Butterfly Learning - INR 32 Crore Funding

Butterfly Learnings, a technology-driven behavioral health solution for children,has raised Rs 32 crore in its Series A round. The funding was backed by CIIE (IIMA Ventures), Foundation Botnar, 9 Unicorns, Venture Catalysts, and Insitor Impact Asia Fund II.

Founded by Sonam Kothari, Butterfly Learnings offers integrated care through advanced technology, online behavioral health treatments, and a collaborative care team, supporting children of all ages and their families.

14. Flashaid - $2.5 Million Funding

Flashaid, a full-stack health solutions provider,has raised $2.5 million in its pre-Series A round, led by SOSV and Piper Serica Angel Fund. Early-stage investors ZNL Growth Fund and Z21 Ventures Fund also participated in this round.

Founded by Manoj Gupta and Gunjali Kothari, Flashaid is a healthcare technology platform that collaborates with various healthcare service providers to deliver comprehensive health solutions.

15. Endimension Technology -  INR 6 Crore Funding

Endimension Technology, a healthcare AI startup,has raised INR 6 Crore in a Pre-Series A round led by Inflection Point Ventures. Other investors in this round include Sucseed Indovation, SINE IIT Bombay, and individual angel investors.

Incubated at IIT Bombay, Endimension Technology is focused on harnessing AI to revolutionize radiology, aiming to provide early and accurate diagnoses for patients worldwide.

16. Portea Medical -  $20 Million Funding

Portea Medical, a leading provider of home healthcare solutions,has raised nearly $20 million through a rights issue. This funding comes as the company prepares for its upcoming initial public offering (IPO).

Founded in 2013 by Krishnan Ganesh and Meena Ganesh, Portea Medical is a pioneer in home healthcare and is the fastest-growing provider of in-home medical care in India.

17. NephroPlus - INR 850 Crores

Quadria Capital, one of Asia's largest healthcare-focused private equity firms,has invested INR 850 Crores in NephroPlus, Asia's largest dialysis network.

NephroPlus operates around 450 dialysis centers across more than 250 towns and cities in India, the Philippines, and Uzbekistan. The network provides quality, affordable dialysis services to approximately 30,000 patients and performs over 3 million dialysis sessions annually.

18. RED.Health - $20 Million Funding

 Red.Health, a smart medical response startup providing ambulance services,has has raised $20 million in its Series B funding round, a mix of debt and equity.

Founded in 2016 as StanPlus, Red.Health aims to provide individuals with quick access to reliable, high-quality medical care when they need it most.

19. Humors Tech - INR 3 Crore Funding

Humors Tech, a healthtech startup that developed Respyr, a breath-based health monitoring tool,has secured Rs 2 crore in pre-seed funding from Venture Catalysts.

Founded in 2021 by Ankur Jaiswal and Suchita Kanaldekar, Humors Tech specializes in creating advanced home healthcare devices.

20. Superfoods Valley - INR 7 Crore Funding

Superfoods Valley, a Bengaluru-based nutrition startup,has raised Rs 7 crore in a Pre-Series A funding round.

The funds will be utilized to expand Good Monk, the company's flagship brand, which offers a unique range of nutrition mixes and instant fruit drink mixes.

21. Orbicular Pharmaceutical - $20 Million Funding

Orbicular Pharmaceutical Technologies Private Limited has secured approximately $20 million in equity investment from Tata Capital Healthcare Fund, a healthcare-focused private equity fund.

Founded in 2010 by Dr. Mohan, Orbicular Pharmaceutical Technologies specializes in developing niche and complex pharmaceutical dosage forms, which are licensed to global partners.

22. Docplix - INR 1.2 Crore Funding

 Health-tech company Docplix has secured INR 1.2 Crore in a Bridge Round led by Inflection Point Ventures. The funds will be allocated for product development, AI integration, and market expansion.

Founded in 2021 by Dr. Varun Garg, Aayush Garg, and Dr. Ajay Shukla, Docplix aims to digitize health records for 1.4 billion Indians, revolutionizing healthcare accessibility and efficiency.

23. Sabine Hospital & Research Centre - $50 Million Funding

Sabine Hospital and Research Centre has secured $50 million in funding from CX Partners, a private equity fund known for its successful track record in the Indian mid-market, along with a consortium of investors.

Sabine Hospital is a progressive, hi-tech facility offering advanced programs in Infertility, Assisted Reproductive Technology, Obstetrics, Gynaecology, Neonatology, Paediatrics, General Surgery, and Genetics.

24. C3 Med-Tech - INR 2 Crore Funding

Healthtech company C3 MED-TECH PVT has raised Rs 2 crore from Industrial Metal Powders to launch innovative telemedicine and AI-driven portable devices for detecting eye diseases.

Founded by Ash Nagarsheth, C3 Med-tech specializes in providing cost-effective ophthalmic screening devices aimed at the early detection of eye diseases that can lead to blindness and visual impairment.

25. Cloudphysician - $10.5 million

 Cloudphysician Healthcare, a healthtech startup,has raised $10.5 million in a Series A funding round led by Peak XV Partners.

Founded in 2017 by Dhruv Joshi and Dileep Raman, Cloudphysician is revolutionizing critical care delivery with its innovative Smart-ICU solutions, aimed at improving patient outcomes through advanced technology.

26. Doceree - $13.6 million

Doceree, a healthcare startup,has secured Rs 113.5 crore (approximately $13.6 million) in funding from Creaegis, an Indian private equity firm.

Founded in 2019 by Harshit Jain, Doceree is the first global network of physician-only platforms for programmatic marketing, connecting healthcare brands with physicians through data-driven, targeted campaigns.

27. Acculi Labs - $1.5 million

Acculi Labs, a health diagnostics company,has secured $1.5 million in a seed fundraising round, with Sabi Holding India Ltd as the primary investor.

Founded in 2017 by Rupam Das and Hari Prasath M, Acculi Labs' flagship product, Lyfas, facilitates easy and regular early diagnostics and monitoring for asymptomatic patients, enabling timely intervention and helping individuals approach their doctor at an early stage.

28. Karma Primary Healthcare - $1.3 Million Funding

 Karma Primary Healthcare, a digital healthcare startup,has secured $1.3 Mn funding from UBS Optimus Foundation as part of its Series A funding round.

Founded in 2014 by Jagdeep Singh Gambhir, Gagandeep Gambhir Singh, and Manjeet Singh Gambhir, Karma is an impact-driven, technology-enabled company with a vision to make primary healthcare more accessible, equitable, integrated, and evidence-based.

29. GenWorks Health - INR 41 Crore Fuding

Genworks Health Private Limited, based in Bengaluru,has successfully secured Rs 41 crore in funding, with the Evolvence India Fund leading the round.

Founded in 2023 by S Ganeshprasad, GenWorks Health is a young and dynamic company committed to contributing to a healthier India.

30. HealthCRED - $1.2 Million Funding

HealthCRED, a startup focused on B2B healthcare finance,has successfully raised $1.2 million in its seed funding round. The round was led by Antler India, TRTL VC, DeVC, iSeedVC, and Angel List India.

Founded in 2022 by Shrey Jain and Arpit Jangir, HealthCRED provides custom financing solutions at fair and flexible pricing to stabilize cash flows for various healthcare stakeholders, including hospitals, medical device/drug manufacturers, distributors and importers.

31. 4baseCare - $6 Million Funding

Yali Capital has led the Series A funding round for 4baseCare, raising a total of $6 million.

Founded in 2018 by Hitesh Goswami, 4baseCare is an Illumina-backed company headquartered in Singapore. It specializes in developing innovative Precision Oncology Solutions, leveraging Advanced Genomics and Next-Generation digital health technology.

32. Even Healthcare - $20 Million Funding

 Even Healthcare has raised Rs 169 crore (approximately $20 million) in a recent funding round, with Khosla Ventures leading the investment.

Founded in 2020 by Mayank Banerjee, Matilde Giglio, and Alessandro Lalongo, Even Healthcare, based in Bengaluru, provides comprehensive health coverage for both individuals and businesses.

33. Global Care - $3 Million Funding

GlobalCare Health has secured $3 million in Series A funding, with 35North India Discovery Fund – II leading the investment.

Founded in 2016 by Rajeev Taneja, GlobalCare Health is a global healthcare consulting organization specializing in international patient services and non-hospital medical tourism.

34. Onsurity - $26.4 Million Funding

Onsurity, a platform focused on employee healthcare, has raised Rs 219 crore (approximately $26.4 million) in a new funding round led by Creaegis. Nexus Venture Partners and Quona Capital, existing investors, also participated.

Founded in 2020 by Yogesh Agarwal and Kulin Shah, Onsurity is revolutionizing the healthcare landscape for SMEs and startups by offering innovative, tech-driven employee benefits and healthcare solutions.

35. Newmi -  $1.5 Million Funding

Newmi Care, an innovative full-stack outpatient care platform specializing in women's health and wellness, has raised $1.5 million in its Seed funding round, led by Sprout Venture Partners.

Founded in 2022 by Aditi Mittal and Sanchit Agarwal, Newmi is India's first omnichannel platform dedicated to offering comprehensive healthcare solutions for women, enhancing access and care for their specific health and wellness needs.

36. Dantech - INR 21 Crore Funding

Dantech Digital Dental Solutions Pvt Ltd, a Chennai-based dental prosthetics manufacturer, has secured Rs 21 crore (approximately $2.5 million) in a funding round led by a diverse group of investors.

The company plans to utilize the capital raised to enhance its domestic production capabilities and expand its global footprint, with a strategic focus on North America, Europe and Asia.

37. Qure.ai - $65 Million Funding

Qure.ai, an AI-powered healthcare startup, has raised $65 million in its Series D funding round. The round was led by 360 ONE Asset and Lightspeed, with participation from Merck Global Health Innovation Fund and Kae Capital.

Qure.ai specializes in the identification and management of critical diseases, with 18 FDA-cleared indications and Class IIb certification under EU MDR regulations.

Conclusion

Discover the latest HealthTech funding trends in 2024! From Ultrahuman's $35M to Qure.ai's $65M, explore insights into top investments driving innovation in healthcare. Featuring Sabine Hospital's $50M funding, Zeno Health's $25M, and more groundbreaking ventures in digital health, AI, and medical technology.