Healthtech Start-up

Health-tech platform Practo has reported a 22 per cent growth in revenue to Rs 240 crore for the 2023-24 financial year as it achieved a gross merchandise value of Rs 3,500 crore in the year, according to a company statement. The digital healthcare platform, which connects patients and doctors, narrowed its losses to Rs 17 crore in 2023-24 from Rs 99 crore in the previous financial year, the statement said. Practo stated that also achieved its first full profitable quarter in the last quarter of 2023-24 and is on its path to sustained profitability with consecutive profit in the preceding 12 months ending September 2024. Practo cofounder and CEO Shashank ND said, "Our goal has always been on improving healthcare outcomes while building a sustainable business. Our sharp focus on the core business has driven exceptional results. The company delivered a gross merchandise value (GMV) of Rs 3,500 crore in the year ended on March 31, 2024. GMV is the total value of goods and services sol

Shows like Shark Tank India have become crucial platforms for healthtech startups, offering them a chance to secure vital funding

Even as the healthtech sector in the country has been facing an investment downturn, hiring in the segment is expected to grow by 15-20 per cent, a report said on Monday. The healthtech sector in India demonstrates resilience with a 9 per cent increase in employment in 2023, over the previous year despite a 'funding winter' impacting the flow of investments and hiring sentiments, according to HR services company CIEL HR's 'Health Tech Sector Employment Trends' report. The healthtech sector is bound to grow rapidly due to the socio-economic changes in India and the competitive advantages we offer for the world in patient care as well as in manufacturing and research and development (R&D), and there has been an upswing in hiring in the recent times on a consistent basis, CIEL HR CEO Aditya Narayan Mishra said. "Despite the 'funding winter', the hiring numbers have grown and the outlook for the year ahead (2024) is significantly stronger," he added. Hiring outlook for 2024 remains ...

The company employs diagnostic laboratory (lab) principles through a smartphone application (app) and a test card

Tencent-backed healthcare and diagnostics app Practo is aiming to turn profitable in next fiscal and is looking at a stock exchange listing with an initial public offering (IPO) soon, its co-founder and CEO Shashank ND said. Practo is looking to enhance presence in smaller cities and towns and leverage AI to analyse data and provide much better analysis and outcomes in healthcare. In an interview with PTI, Shashank said the startup is already cash flow positive. "This year we will grow by a good healthy margin... Our EBITDA would have improved dramatically from last year. We will be near break-even this year and next year is when we really will be able to show significant profits." Founded in 2008, Practo connects doctors with patients and offers several ancillary services such as telemedicine. Income from diagnostic and consulting services formed 50 per cent of the total operating revenue. In the 2022-23 fiscal (April 2022 to March 2023), the Bengaluru-headquartered firm halved it

Following its entry into the US, India, and European markets, Doceree has also expanded its reach to Africa, Southeast Asia, and the Gulf Cooperation Council countries

As he gears up to launch an insurance start-up at 79, Jagannathan has the energy of a 30-year-old and the confidence of a veteran, writes Shine Jacob

RedStart Labs (India) has invested close to Rs 1 crore in Bengaluru-based health technology startup BrainSightAI, according to a BSE filing on Monday. RedStart Labs is a wholly-owned subsidiary of technology company InfoEdge. RedStart holds 4 per cent stake in BrainSightAI on a fully converted and diluted basis. However, aggregate shareholding of the company after the current investment cannot be estimated, the filing further stated. "RedStart has agreed to invest an aggregate amount of Rs 98,94,000 by way of subscribing to convertible notes. Since the note would be converted into shares in the next round basis the valuation at that time, aggregate shareholding of the company through RedStart, post this investment cannot be estimated at the time of making the intimation," the filing said. InfoEdge is the parent company of online classifieds such as Naukri.com, matrimony site Jeevansathi.com and 99acres.com, a property marketplace. Incorporated in 2019, BrainSightAI provides ...

/ -- CitiusTech Healthcare Technology Pvt. Ltd., a leading provider of healthcare technology services, solutions, and platforms, announced the expansion of its presence to Warsaw, Poland. This strategic move will help CitiusTech expand its global delivery model through its foray into the European market, and further solidify its position in healthcare technology. CitiusTech is committed to providing exceptional healthcare technology solutions to its clients worldwide, and this new office will focus on areas such as digital transformation, product engineering, cloud services, data, and AI. Rajan Kohli, CEO, CitiusTech, said, "We are excited to expand our operations to Poland, a country with a strong talent pool and a growing economy. This expansion will keep us closer to our clients, help us be more agile and bolster our global delivery model to deliver enhanced experience to our current clients. In addition, we are optimistic that this expansion will aid in our efforts to build a ...

Fund given to eight fellows working on projects around health, governance, inclusion, farming

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Reveal HealthTech provides technology services to healthcare companies through engineering, clinical, and strategic support

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Company founded by 4 IIT graduates will use money to expand its presence and for improving technology

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Plans to utilise funds for acquiring customers, product development and building leadership team

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