Meet the startups that pitched their ideas at VCCircle Healthcare Investment Summit
The 2018 edition of the VCCircle Healthcare Investment Summit saw a number of entrepreneurs make a pitch to a select jury of investors during a showcase session. The forum was an opportunity for the startups to attract investor attention.
The jury comprised Ramesh Byrapaneni, managing director at Endiya Partners; Mayur Sirdesai, partner at Somerset Indus Capital Partners; and Amit Varma, managing partner at Quadria Capital.
Here are the startups which participated in the showcase session:
TIF Labs Pvt. Ltd: Founded in 2014, this Bengaluru-based firm provides a number of Internet of Things solutions across different sectors including healthcare, e-commerce and training. In the healthcare sector, its main product is Alpha Care, a plug-and-play device that allows users to log patient requests and track them. Operating on a software-as-a-service model, the device also produces patient records and allows patients to keep track of their progress in real time.
The company was founded by Manipal Institute of Technology alumni Pranay Agarwal (CEO), Kritarth Mohan (COO), Saakshi Agarwal (CMO) and Daniel D’Souza (CTO).
BeYouPlus: This firm partners with clinics offering healthcare services including dermatology, dentistry, gynaecology and cosmetic surgery. It claims to have tied up with 117 clinics in Delhi-NCR and Hyderabad. It offers equipment on rent and patient referral services. While 20% of its business is renting out equipment, 80% comprises the remaining.
The startup began as a B2B firm but now operates on B2B2C model. It was founded by Ankit Khurana, an alumnus of the University of California, Berkeley, and the London School of Economics. It was earlier known as MyDermacy.com from 2013 to 2016. In 2017, it rebranded to BeYouPlus.
mCURA Mobile Health Pvt. Ltd: Founded in 2013, this Gurugram-based company digitises the out-patient department of hospitals on a single platform. It offers hospitals manpower and infrastructure, reducing patient wait times and multiple queues. It charges patients a fee for using its services.
In addition, the platform allows doctors, pharmacies and labs to operate a digitally secure electronic medical records system. It was established by Madhubala Radhakrishnan, who has previously held stints at NDTV Convergence and Tata Teleservices.
Kalyani MediTimes: This Chennai-based startup as developed an artificial intelligence-based solution that connects doctors and patients with pharmacies, diagnostics and labs, all through an app. It operates on a revenue sharing model, where it ties up with doctors. It primarily targets OPD practising doctors and is in the process of talking to pharmacies. It was founded in 2017 by Krish Ramesh, who was formerly with Fortis Healthcare and Metro Group of Hospitals.
Nugenics Research Pvt. Ltd: This Mumbai-based research company was founded in 2017 by Akshay Sanghavi. It has developed various products all aimed at age-related ailments. Poly herbal treatment, peptides and exosomes are the three main products it has developed. It has received seed investment of Rs 27 lakh. The company aims to be purely research-based.
Satkriya Healthcare Innovations Pvt. Ltd: Founded in 2015 by Dr Shamnad N, this Kerala-based startup runs a number of clinics all focused on primary healthcare in Karnataka and Kerala. It claims to have served 400,000 patients till date. It operates on a family-based delivery model. It differentiates itself by catering to the underserved section. While pharmacy and consultation form the bulk of its services, it also has a minor surgery operation. It has received $500,000 in seed capital from Acumen.