HealthTech Startup HealthAssure Raises $1 Mn In Funding From The HR Fund

Following in the footsteps of ecommerce and fintech startups, healthtech is another sector where the Indian tech startups have been successful in attracting huge investments. After Healthifyme recently raised $12 Mn in Series B funding from global investors, another healthtech startup HealthAssure has raised $ 1 Mn in a Pre-Series A round of funding led by The HR Fund.
 
Commenting on the funding, Varun Gera, Founder & CEO, HealthAssure, stated, “This fundraise will help us continue effectively on the mission to repair the fractured infrastructure of Indian primary healthcare”.
 
The company had recently announced its plans to invest $15 Mn in order to strengthen their already extensive primary care network and product capabilities. The company will use the funds to further develop new consumer products in primary healthcare, digitising the ecosystem, and building extensive distribution.
Utkarsh Joshi, CEO & Partner, The HR Fund said, “ HealthAssure is focused on health as a workplace value and this aligns perfectly with our mission to transform the Workforce. Currently, good health has become one of the top most priorities for corporate India, making this a timely and key investment for us.”
 
Founded seven years ago, the Mumbai-based HealthAssure is a healthtech startup that functions as an aggregator of primary care services for corporates and individuals and. helps bring day-to-day care closer to individuals.
 
The startup claims to have been working with several firms in the insurance/corporate segments which includes Apollo Munich, Max Bupa, Cigna, ICICI Prudential, Royal Sundram, Loreal, FedEx, Deloitte, Max Life Insurance among many others.
 
Amalgamating AI, deeptech and IoT, healthtech startups have attracted huge funding and technology upgradation which is much required in the healthcare ecosystem of India. As per Inc42 Data Labs Funding Report 2017, healthtech witnessed 111 deals in 2017, making it the second most funded segment of 2017.
 
Facilitated by a Mumbai based Investment banking and advisory services firm Candle Advisors, the latest funding from the HR fund will help HealthAssure gain a stronghold not only in India, but also in other countries across South and Southeast Asia.
Shoot

Trending News

Why Amazon’s Flipkart bid is just not high enough

Selling without MRP, expiry dates to cost etailers

TCS hits $100Bn market cap: A new phase for India Inc?

Snapdeal posts Rs 4,647 crore net loss in 2016-17

Flipkart-Walmart deal: What it means for the etailer and the whole industry

NCLAT stays CCI penalty of Rs 136cr on Google in search bias case

Walmart may rope in Google parent Alphabet for the Flipkart deal

Internet shutdown cost Indian economy $3 billion from 2012-17: Study

Flipkart and Amazon plan mega summer sales in May

International sales now account for 48% of Twitter's revenues

70% of mobile phones buyers in India opt for non-cash payments

Amazon India expects groceries & household products to account for 50% of business in 5 yrs

India to come out with a E-commerce policy framework in 6 months

Online learning platform Career Anna raises Rs 3 Cr funding

Wal-Mart will offer to buy up to 86% of Flipkart

Agritech startups Sabziwala and LivLush merge their business under new entity Kamatan

Avail Finance lands $17.2M from Matrix Partners & Ola, Freecharge and Flipkart founders

RBI suggests tax sops, self-regulation to build fintech space

Swiggy hires new CEO for its Access Service, gets new CFO

Logistics company Delhivery registers 44% increase in FY17 revenues

WeWork to acquire one of the oldest social networks, Meetup

Qualcomm rejects Broadcom's $103 billion offer

EasyRewardz gets $2 million Series-A funding

'Anemic' iPhone 8 demand drags Apple shares lower

Lending platform Lenden Club gets Rs 3.5cr in Equity Investment

On festive sales, Flipkart says 65% clients from Tier-II cities