Jaipriya K S,
Content Writer, siliconindia

The total net worth of Indian HealthTech market is estimated to reach $78,374.3 million by FY33 with growth rate of CAGR-28.67%, whereas it was recorded $4,600 million in FY23. Among the vital tech sector’s growing at a tremendous digital pace in India, HealthTech stands as one of the forerunners driven by both public and private players. With reinforced coverage of cutting-edge services, groundbreaking innovations & robust AI adaptation, health-tech startups in India successfully redefining the healthcare landscape.

HealthTech Startups are democratizing the healthcare solutions by investing and inventing the novel techniques to enhance quality & enable accessibility of all types of medical services in PAN India

They are abundantly leveraging the power of technology to tackle the nation’s various healthcare challenges including AI-driven solutions, block chain, telemedicine, consumer-centric application, digital aggregators, health-focused e-commerce platforms, and so on. Also, this dynamic system of HealthTech startups is bridging the huge gap between the rural and urban areas by eliminating the geographical barriers and enabling the healthcare more affordable, accessible, and attainable.

So, let’s take a deep dive into the 5 ground-breaking HealthTech Startups of India powering up the ‘healthcare infrastructure in India’.

Startup: BeatO

Key Management: Gautam Chopra, Yash Sehgal, and Kunal Kinalekar, Co-Founders

Emerged with a motto to underscore the challenges faced by Diabetic-people in India, Beato is an innovative full-stack health-tech startup focused on providing smartphone-accessed diabetes management app. BeatO strives to bring the positive well-being among survivors over 1 crore diabetic patients in India. With more than 40+ health coaches and 500+ employees, the startup is serving more than 2 million users all over the country.

BeatO provides Doctor-led Diabetes program with a best-in-class diabetologists, experienced dieticians, and certified diabetic coaches in India alongside offering free home sample collection for lab tests from certified laboratories. For their users, they render attractive offers and discounts for quality medical products such as glucometers, strips, Ayurveda supplements, health drinks, guilt-free food items, personal care, sexual care products, and so on.

“BeatO is on an ambitious mission to re-design how diabetes is cared for in India. They are a world-class team that has demonstrated the ability to deliver consistent, high-quality, and empathetic care resulting in clinical outcomes that are outstanding”, - Tejasvi Ravi, principal, Lightrock.

Funding Deal: In 2022, Lightrock India invested $33 million in Series B round & US-based venture capital firm W Health Ventures invested Rs. 42 crore in previous round. Notably, the round saw participations from impacted investors such as e-commerce giant Flipkart and HealthQuad.

Competitors: Diabeto, Smit.fit, 7Sugar, HealthVings, and DiaHome