Shark Tank India: 4 Healthcare Startups That Bagged Deals Because Of Their Disruptive Ideas
Shark Tank India, success stories of Healthcare startups:?The Indian health technology market is expected to grow to $25 billion by 2025. This growth is due to more people using the internet, wanting better access to healthcare, and more chronic diseases in India. This information comes from a report by LoEstro Advisors.
The Indian government also wants to make India a top place for healthcare. They started the National Health Stack, which is a new way to use digital technology in healthcare. It has four parts: apps for users, a way for different health systems to work together, sharing health data, and other digital tools. The National Digital Health Mission (NDHM) is another project by the government. It aims to change how healthcare works in India and make the country a better place for health. By 2030, it could make more than $200 billion for India's economy.
What's fascinating is that amidst this transformation, it's not just the established healthcare giants but also innovative Healthcare startups that are driving change. Platforms like Shark Tank India have emerged as lifelines for these budding companies, providing them with the much-needed funding to thrive and expand.
Medulance: A Lifesaving Journey
One shining example is Medulance, a venture spearheaded by Ravjot Singh Arora and Pranav Bajaj, dedicated to revolutionising emergency medical services. Their appearance on Shark Tank India Season 2 proved to be a game-changer as they secured a hefty deal of Rs 5 crore for 5% equity.?
The investment, backed by industry stalwarts Namita Thapar, the Executive Director of Emcure Pharmaceuticals of Emcure Pharmaceuticals, Aman Gupta, CMO of Boat Lifestyle, and Peyush Bansal, CEO of Lenskart, propelled Medulance to new heights. With a fleet of over 10,000 ambulances nationwide, they've made emergency care more accessible than ever before.
What's Up Wellness: The Gummy Revolution
Innovating in the realm of nutritional supplements, Vaibhav Makhija and Sayantani Mandal introduced What's Up Wellness, offering a delightful range of gummy vitamins. Their appearance on Shark Tank India Season 2 which aired on 27 February 2023 captured the attention of investors, resulting in a significant investment of Rs 60 lakh from Aman Gupta of BoAt, Vineeta Singh of Sugar Cosmetics, and Anupam Mittal of Shaadi.com. This infusion of funds enabled them to ramp up production and enhance marketing efforts, making their products a household name. What's Up Wellness not only addresses everyday health needs but also caters to a younger demographic seeking convenient wellness solutions.
DigiQure: Bridging Healthcare Gaps
Addressing the pressing issue of healthcare accessibility in rural India, DigiQure emerged as a beacon of hope. Co-founded by Akanksh Tandon, their telemedicine platform facilitates online consultations, digital prescriptions, medicine delivery, and lab tests, bridging the urban-rural healthcare gap. A strategic investment of Rs 40 lakh for a 10% stake from Shark Tank investor Namita Thapar fueled their expansion efforts, enabling them to bring vital healthcare services to underserved communities.
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Keto India: Pioneering Personalised Wellness
In the realm of personalised healthcare, Keto India took center stage on Shark Tank India Season 1. Sahil Pruthi, the founder of Keto India, got the idea when he saw his mother recovering from brain surgery. His business uses technology to tackle myths about food, nutrition, and health. The goal is to help people understand the importance of eating right by providing personalised nutrition plans.
During his presentation on Shark Tank, Sahil asked for Rs 1.5 crore for 1.25% of the company. Four out of the five investors on the show were interested in his idea, especially after he offered Rs 1.6 crore for 16% equity. However, Sahil politely declined their offer.
As the Indian health-tech landscape continues to evolve, platforms like Shark Tank India serve as catalysts for innovation and growth. From revolutionising emergency care to redefining nutritional supplements and bridging healthcare gaps, these healthcare?startups are paving the way for a healthier, more accessible future. With each success story, they inspire countless others to dream big and embark on their entrepreneurial journey in the realm of healthcare.
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