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Jul, 10 2019

Health-tech firms raising funding with the increasing demand for high-quality healthcare services

Recently, HealthAssure Pvt Ltd has raised $2.5 million from early-stage venture capital firm Blume Ventures in its Series A round of funding.

There is a huge demand for high-quality, affordable primary healthcare in the world. Rising income levels, ageing population, growing health awareness and changing the attitude towards preventive healthcare is expected to boost primary healthcare services demand in the future.

Owing to this demand, many healthcare companies are raising funds for expanding their offerings and introducing new products.

Earlier this month, mfine, the Bengaluru-based health-tech startup, raised Rs 31 crore from venture debt firm Alteria Capital.

Last month, Trifecta Capital, the venture debt provider, had offered to invest Rs 70 crore in Practo Technologies Pvt Ltd.

And recently, HealthAssure Pvt Ltd, an online aggregator of primary healthcare services, has raised $2.5 million from early-stage venture capital firm Blume Ventures in its Series A round of funding.

The fresh capital will be used by the company to boost its data capabilities by leveraging artificial intelligence and machine learning tools and create new products.

Founded by Varun Gera in 2011, HealthAssure has tie-ups with hospitals, clinics, laboratories, doctors and insurance companies to provide healthcare schemes for corporate employees. It claims to have a network of over 4,000 primary care centres across 1,100 cities on its platform.

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