"A $7 Billion Surge: The Evolution of India’s Healthtech Sector Since 2014:"
According to Inc42’s ‘The State Of Indian Startup Ecosystem Report‘, healthtech startups raised a little over $7 Bn between 2014 and H1 2024 in 886 deals.
In comparison, the cumulative funding raised by Indian startups during this period crossed the $150 Bn mark across 10,500 deals. While ecommerce emerged as the most funded sector with $34 Bn raised across 1,835 deals, fintech took the second spot with $29 Bn in 1,570 deals.
Now back to the funding woes of the Indian healthtech paradigm, on a sub-sectoral level, online pharmacy startups led the charts with $1.7 Bn in total funding. Following its lead were fitness and wellness, as well as telemedicine sub-sectors, which cumulatively raised $1.2 Bn in funding in 202 and 186 deals, respectively.
On the contrary, while tracing the Indian healthtech funding trends, we observed that investments in the space saw a steep jump during the pandemic. Healthtech funding surged 4.8X from $456 Mn in 2020 to $2.19 Bn in 2021. It is also imperative to mention that the Indian healthtech sector netted a mere $3 Bn in funding between 2014 and 2020.
Post the pandemic boom, funding numbers dipped by 19% CAGR every year between 2022-H1 2024. Such was the impact of the capital drought that many startups have had to shut shop.
#HealthtechIndia #HealthcareInnovation #TechInHealthcare #DigitalHealthIndia
#HealthtechRevolution #StartupFunding #HealthtechStartups
#HealthcareTransformation #MedTech #IndianHealthcare #TechForGood #HealthReboot
SOURCE- Inc42 Media
According to Inc42’s ‘The State Of Indian Startup Ecosystem Report‘, healthtech startups raised a little over $7 Bn between 2014 and H1 2024 in 886 deals.
In comparison, the cumulative funding raised by Indian startups during this period crossed the $150 Bn mark across 10,500 deals. While ecommerce emerged as the most funded sector with $34 Bn raised across 1,835 deals, fintech took the second spot with $29 Bn in 1,570 deals.
Now back to the funding woes of the Indian healthtech paradigm, on a sub-sectoral level, online pharmacy startups led the charts with $1.7 Bn in total funding. Following its lead were fitness and wellness, as well as telemedicine sub-sectors, which cumulatively raised $1.2 Bn in funding in 202 and 186 deals, respectively.
On the contrary, while tracing the Indian healthtech funding trends, we observed that investments in the space saw a steep jump during the pandemic. Healthtech funding surged 4.8X from $456 Mn in 2020 to $2.19 Bn in 2021. It is also imperative to mention that the Indian healthtech sector netted a mere $3 Bn in funding between 2014 and 2020.
Post the pandemic boom, funding numbers dipped by 19% CAGR every year between 2022-H1 2024. Such was the impact of the capital drought that many startups have had to shut shop.
#HealthtechIndia #HealthcareInnovation #TechInHealthcare #DigitalHealthIndia
#HealthtechRevolution #StartupFunding #HealthtechStartups
#HealthcareTransformation #MedTech #IndianHealthcare #TechForGood #HealthReboot
SOURCE- Inc42 Media
"A $7 Billion Surge: The Evolution of India’s Healthtech Sector Since 2014:"
According to Inc42’s ‘The State Of Indian Startup Ecosystem Report‘, healthtech startups raised a little over $7 Bn between 2014 and H1 2024 in 886 deals.
In comparison, the cumulative funding raised by Indian startups during this period crossed the $150 Bn mark across 10,500 deals. While ecommerce emerged as the most funded sector with $34 Bn raised across 1,835 deals, fintech took the second spot with $29 Bn in 1,570 deals.
Now back to the funding woes of the Indian healthtech paradigm, on a sub-sectoral level, online pharmacy startups led the charts with $1.7 Bn in total funding. Following its lead were fitness and wellness, as well as telemedicine sub-sectors, which cumulatively raised $1.2 Bn in funding in 202 and 186 deals, respectively.
On the contrary, while tracing the Indian healthtech funding trends, we observed that investments in the space saw a steep jump during the pandemic. Healthtech funding surged 4.8X from $456 Mn in 2020 to $2.19 Bn in 2021. It is also imperative to mention that the Indian healthtech sector netted a mere $3 Bn in funding between 2014 and 2020.
Post the pandemic boom, funding numbers dipped by 19% CAGR every year between 2022-H1 2024. Such was the impact of the capital drought that many startups have had to shut shop.
#HealthtechIndia #HealthcareInnovation #TechInHealthcare #DigitalHealthIndia
#HealthtechRevolution #StartupFunding #HealthtechStartups
#HealthcareTransformation #MedTech #IndianHealthcare #TechForGood #HealthReboot
SOURCE- Inc42 Media
