Indian healthtech companies have revolutionised healthcare. These companies improve healthcare access, efficiency, and cost via technology. Indian healthtech entrepreneurs are solving healthcare business issues like telemedicine, e-pharmacies, wearables, and health records administration with cutting-edge technology. A growing population, healthcare professional shortage, and rural healthcare access difficulties require innovative solutions. Indian healthtech startups are innovating solutions. These firms attract investors and healthcare companies interested in India’s growing healthtech market. In this post, We’ll talk about Top 10 Best HealthTech Startups in India in 2023.
The health-tech sector is one of the fastest-growing sectors in the world. In short, health tech is the intersection of healthcare and technology, which refers to this development. It is broadly understood as any technology that facilitates the delivery or consumption of health services outside of a hospital or physician’s office.
Read also – Top 10 Best HR Tech Startups in India in 2023
In addition to delivering healthcare products and services outside the hospital, health tech companies also provide information technology solutions to improve healthcare delivery while reducing costs.
The Indian startup community is slowly redefining healthcare delivery through various digital solutions bridging the gap between patient and provider. India has many startups focused on health technology, and much more planning to launch.
Here is the list of the Top 10 Best HealthTech Startups in India in 2023
PharmEasy is an Indian e-pharmacy company that sells medicines, diagnostics, and telehealth online. PharmEasy provides easy access to prescribed medicines as well as OTC medicines. PharmEasy positions itself as an online pharmacy store but offers many more services including lab tests and online doctor consultations.
The company was founded in Mumbai in 2015 by Dharmil Sheth and Dhaval Shah with initial seed funding provided by their parents. PharmEasy has made it easy to buy medicines. While it offers a wide range of additional services, it is best known for getting faster access to medicines.
Existing investors include ET Rhodes Ventures, ET Rhodes Ventures India, F-Prime Capital, Fundamentum, JM Financial, KB Financial Group, etc.
Netmeds.com is a fully licensed e-Pharma portal that provides certified prescription and over-the-counter (OTC) medicine along with other healthcare products. It is an Indian healthcare e-commerce startup founded in 2010 by Pradeep Dada. The company is backed by investors including MAPE Advisory, OrbiMed, Tancam, Sistema, and Daun Penh.
The Chennai-based startup is the “first-to-market” pan-India solution for instant online purchase and speedy delivery of prescription drugs.
The portal facilitates customers to order health products online through a simple process. The company app has over 3 million downloads, making it one of the biggest startups.
The cult.fit platform combines fitness training with nutrition coaching. The company started as a workout app to provide personalized training plans for individuals. The company provides fitness training in dance, yoga, and workouts in the gym and at home.
Cult.fit has also expanded to provide diagnostic tests to understand one’s current physical and mental well-being. In addition to personal training and diet planning, it provides access to clinical trials as well as mental health-related services.
Existing investors Accel, Accel Partners, Anand Piramal Trust, Chirate Ventures, Epic Capital, Gabblehorn Investments, Tata Digital, Temasek Holdings, Unilever Ventures, etc.
Innovaccer is a digital healthcare company. The company was founded by Abhinav Shashank, Kanav Hasija, and Sandeep Gupta, providing physician practices, hospitals, health systems, and other healthcare providers with a variety of digital products.
Innovaccer uses artificial intelligence to analyze health data. It also provides tools for patient engagement, decision-making, virtual care networks, social determinants of health data management, and remote patient monitoring.
The company has developed a Data Activation cloud-based platform. There are four products offered by Innovaccer, InNote – InConnect, InGraph, and InCare.
Existing investors include 500 Startups, Arihant Patni, Avidity Partners, B Capital Group, Dragoneer, Krishna Mehra, Lightspeed Venture Partners, Lightspeed Venture Partners India, M12, Mubadala, Mubadala Capital, OMERS Growth Equity, Pankaj Jain, etc.
Practo is the world’s leading healthcare platform that connects millions of patients with hundreds of thousands of healthcare providers around the world and helps people make better healthcare decisions. Patients and doctors can work together on this web-based platform.
The company provides a one-stop platform that helps consumers with all their healthcare needs – from finding a healthcare provider to booking an appointment, online doctor consultation, getting their tests done, and even ordering medicines.
One of the earliest businesses to introduce telemedicine to India was Practo. It’s one of the few platforms that provides specific services for particular medical professionals and clinics.
An Indian digital health and wellness firm called HealthifyMe offers services including calorie tracking and counselling on diet and exercise. Tushar Vashisht and company founder and CEO Mathew Cherian launched the business in 2012.
It is a ground-breaking health and fitness app with the goal of transforming the lives of millions of people. The software assists users in leading sustained healthy lifestyles, eating a balanced diet, and staying in shape.
Over 20 million people have downloaded HealthTech. The company has a B2B division that collaborates with over 100 businesses nationwide to offer employee health solutions. With a strong presence in South East Asia, HealthifyMe aims to dominate the global market. In order to shape the health and fitness industry, it is constantly looking for like-minded people.
The Tata Group’s digital health division, Tata Health, a division of Tata Industries, was founded with the goal of offering consumers tailored, preventive, and predictive healthcare.
The business provides a full range of healthcare services, including a network of carefully chosen doctors and specialists and an instant doctor consultation service. Along with clinical solutions, remote management tools, and patient appointment, prescription, and billing management services are also available.
The business has developed a reliable, secure, and intelligent platform that enables easy communication with medical professionals in over 15 different specialties. It aims to deeply understand and improve consumers’ health and happiness. The services offered have benefited more than 6 lakh consumers.
The Electronic Medical Record is their patient health record system that is hosted in the cloud. One of India’s most reputable health apps nowadays is Tata Health.
NIRAMAI is creating a breast cancer detection method that makes use of thermaletics, or artificial intelligence applied to thermography images. Its primary goal is to decrease breast cancer fatalities by promoting early identification.
Big data analytics, artificial intelligence, and machine learning algorithms are used in their cloud-hosted analytics solution for precise and early detection of breast cancer. NIRAMAI uses a non-invasive, radiation-free screening technique that prioritises privacy.
500 Startups, Ankur Capital, Axilor Ventures, BEENEXT, Binny Bansal, Dream Incubator, Google Launchpad Accelerator, and Pi Ventures are among of the current investors.
Docplexus is an exclusive internet platform for doctors. With more than 3,80,000 recognised doctors, it is one of the biggest and fastest-growing online groups.
The company provides the most recent clinical publications, guidelines, news, and much more for improved healthcare, as well as webinars and CMEs that allow the sharing of patient cases and scientific discussion.
Docplexus stands out among other startups in many ways. It was entirely aimed at the doctors to help them make wiser choices for the patient. Uniqorn Ventures and ASP Consulting are already investors.
ekincare started out as a platform for medical records in 2015 with the goal of assisting NRIs in monitoring the health of their family members back home.
With the aid of AI, deep analytics, and patented technology, it was intended to bring order and standardisation to the fragmented, dysfunctional healthcare sector in India.
The business currently provides corporate wellness programmes to businesses. Additionally, it enables staff members to sync health data from their wearable technology. The business offers telemedicine, pharmacy, mental health, and fitness services.
Adroitent, Anshoo Gaur, BVR Mohan Reddy, Bitkemy Ventures, East Venture Capital, Eight Roads Ventures, Endiya Partners, Ramakrishna Reddy, Sandeep Seerapu, Touchstone Equities, and VenturEast are some of the current investors.
Indian healthtech startups are revolutionising healthcare. These companies improve healthcare access, efficiency, and cost via technology. Indian healthtech entrepreneurs are solving healthcare business issues like telemedicine, e-pharmacies, wearables, and health records administration with cutting-edge technology. A growing population, healthcare professional shortage, and rural healthcare access difficulties require innovative solutions.
Indian healthtech businesses are improving healthcare and lives. They’re attracting investors and healthcare companies interested in India’s fast-growing healthtech market. The government’s focus on digital healthcare and increased awareness of healthtech’s benefits will boost the Indian healthtech startup ecosystem. India’s startups should innovate healthtech solutions.
This was our selection of the Top 10 Best HealthTech Startups in India in 2023. We hope this is useful to you. The order of this list is random.
Frequently asked questions (FAQs)
What are the Top 10 Best HealthTech Startups in India in 2023?
PharmEasy, Netmeds, cult.fit, Innovaccer, Practo, HealthifyMe, Tata Health, NIRAMAI, Docplexus, and ekincare are the Top 10 Best HealthTech Startups in India in 2023.
Who is the founder of the PharmEasy?
PharmEasy was founded in Mumbai in 2015 by Dharmil Sheth and Dhaval Shah.
Who brings the telemedicine to India?
One of the earliest businesses to introduce telemedicine to India was Practo.