Health-tech startup CapBuild raises funding from HealthStart India

Health-tech startup CapBuild raises funding from HealthStart India
Photo Credit: Photo Credit: 123RF.com
8 May, 2019

Gurugram-based health-tech startup CapBuild Clinical Skills Private Limited has raised an undisclosed amount of funding from micro VC and health sector accelerator HealthStart India.

The startup plans to use the fresh capital to grow to newer geographies and strengthen its solution and technology, it said in a statement.

CapBuild offers hospitals, labs, and clinics analytics-based data to enable them to drive financial, operational and clinical efficiency. It primarily offers programmes around capacity building, operational excellence and clinical model development.

The startup was founded by Vikram Anand, a healthcare professional, and Sridhar Krishnamurthi, who is the firm's chief technology officer, in 2015. Cyrus Engineer and Manojit Sen, who are also part of the founding team, serve as advisers to the company. It claims to serve over 2,100 beds, 15 hospitals, hospital groups and labs

CapBuild, supported by another incubator and co-working space provider Huddle, is in the process of partnering with health sector providers in international geographies including the US and Sri Lanka, and plans to expand to the European market.

“In order to manage the tremendous change and disruption, the performance of healthcare organisations across functional areas is a concern and is limiting their growth and service delivery. In order to sustain this change, organisations need to move on from using traditional practices of management and look to data and insights based on their reality to understand the biggest opportunities and risks in their setup,” Anand said.

HealthStart runs an accelerator programme dedicated to startups in the healthcare industry. It offers funding, mentorship and other support to startups. Online diagnostics startup Healthians, online marketplace for discovering fitness centres and gyms Gympik and weight-loss coaching and fitness app Obino are some of its portfolio companies.