Healthcare technology space proving to be a gold mine for startups

According to private investment-tracking firm Tracxn, digital healthcare start-ups received about $565 million in 2018, an all-time high and 43 per cent higher than the previous year

For India’s startup entrepreneurs, the opportunity to resolve health issues using advanced technologies is turning out to be a magnet. No wonder then that the healthcare technology space has emerged as the biggest startup sector in terms of venture capital investments. 

According to Tracxn, a private investment-tracking firm, digital healthcare start-ups received about $565 million in 2018, an all-time high and 43 per cent higher than the previous year. The figure suggests investors’ confidence, as well as business opportunity, in healthcare space, a sector that has long suffered due to the country’s high population, poor infrastructure and a perennial dearth of