India’s Healthcare Startups Secure Millions in Funding

Rural-focused e-clinic chain CureBay has successfully raised an additional Rs 620 million ($7.5 million) in funding, led by Elevar Equity. With this new capital, CureBay plans to expand its membership program and hire over 200 data scientists and experts in pharmacy and diagnostics. The company aims to increase its e-clinics’ presence from 90 to 200 in underserved communities across India.

Amaha, a technology-enabled mental health platform formerly known as InnerHour, has secured over Rs 50 million ($6 million) in an extended Series A funding round. This latest funding will support Amaha’s expansion plans, as the platform offers a mobile mental health app with over five million users. With 600 self-care tools and a wealth of content on building healthy habits, Amaha provides treatment for various mental health conditions.

Healspan, an insurance tech startup, has raised Rs 1.2 million (over $100,000) in pre-seed funding from startup accelerator PedalStart. Healspan offers a SaaS platform for managing cashless health insurance claims, which is already adopted by over 60 hospitals in India. The funding will be used to enhance the software’s front-end and hire core members.

FlexifyMe, a digital therapeutics platform for chronic pain, has received undisclosed pre-seed funding from angel platform ah! Ventures. The startup plans to use the funds to expand its AI motion coach in more local Indian languages and broaden its presence in North America, the Middle East, and North Africa.

DocOsage, an AI-driven health solutions provider, has also secured undisclosed pre-seed funding to enhance its AI capabilities for health insights. The funds will also be utilized for early-stage testing of its telehealth and genetic studies platform. DocOsage offers personalized health insights, diagnostic test bookings, home medicine delivery, and medical report sharing.

These investments highlight the growing importance of technology in the healthcare sector in India. With innovative solutions and increased accessibility, these startups are addressing the critical healthcare needs of underserved communities and revolutionizing the delivery of healthcare services across the country.

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The source of the article is from the blog cheap-sound.com