Venture capital investment in home-grown Indian health-tech startups in 2018 is at an all-time high with continuing investor interest, data from Tracxn Technologies shows.
So far, $510 million has been invested across 80 health-tech startups, led by medicine ordering website PharmEasy, which raised $115 million across three rounds this year. Other significant funding rounds include fitness startup Curefit raising $100 million from IDG Ventures, and online pharmacy Netmeds securing a $35 million round led by Cambodian investor DPC Group.
Investments in health-tech startups have been rising steadily with 2016 and 2017 recording $163 million and $343 million, respectively, but the number of rounds fell from 135 in 2016 and 130 in 2017 to 80 so far this year. Health-tech is broadly defined as use of technologies, such as analytics, internet of things, mobile and wearable devices, among others, to improve delivery of healthcare services.