HealthTech Startup HealthAssure Invest $15 Million Over The Next Three Years

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Healthtech firm HealthAssure on Thursday announced their intent to invest USD 15 million over the next three years in order to strengthen their already extensive primary care network and tech capability. A majority of this investment will be made in creating an ecosystem through consolidating the vast primary care network by creating new medical networks and consumer products.

The company currently has serviced one million customers through their B2B model. It works with companies like Apollo Munich, Max Bupa, Cigna, ICICI Prudential, Royal Sundaram, Loreal, FedEx, Deloitte, Max Life, among others. Gera company which has already hit profits is also looking at exploring international markets. We are looking at entering the Middle East market within the next six months.

Our vision is and will remain to bring good health closer to everyone and in this endeavour we are committed to investing $15 Millon over the next three years to creating an efficient ecosystem in the fractured infrastructure of primary health care in India so that more and more people can gain access to better healthcare and do so at significantly affordable rates Varun Gera, Founder, and CEO of HealthAssure.

The company is also planning to expand its international footprint. The company plans to enter the market such as South-East Asia, Indonesia and Malaysia to make healthcare more affordable in those countries. The company is looking to reach 2.5 million customers by 2020. The company provides comprehensive medical services for individuals by helping choose a doctor, specialist, pathologist, tele doctor or opt for diagnostics home care.

In 2017, Indian health tech startups raised about $346 Million across 111 deals, as per DigiIndia DataLabs. A significant contribution here is although made by online pharmacy startups such as Netmeds which secured $14 Million funding. In addition, the other startups that are already leading the brigade of Indian health tech ecosystem include 1mg, Medfinder, Practo, Curofy, Portea Medical, Medgenome among others.

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