DG Daiwa Ventures, others back online diagnostics platform Healthians

Online diagnostics service provider Healthians has raised $12 million in Series B round led by Japan-based DG Incubation and DG Daiwa Ventures, both early stage venture capital firms.

The round also saw participation from Singapore based fund Mistletoe founded by Taizo Son and Tokio Marine, as well as Kotak PE and Trifecta Capital. Son is the youngest brother of SoftBank founder Masayoshi Son.

Existing investors including Beenext, Digital Garage and YouWeCan Ventures also pitched in. In 2016, VC firm Beenext had led a $3 million Series A round in the company.

Delhi headquartered Healthians, founded in 2015 by Deepak Sahni, offers free sample pickup as well as doctor consultation apart from diagnostic tests. The company works with a network of over 16 labs and has a presence across 30 cities. It has also created a database of personalised health profile for over 7.5 lakh customers for predictive health trends.

Earlier this year, it had acqui-hired logistics support provider for diagnostic labs, Healthy Labs. The financial details of the deal were not revealed.

The company plans to use the latest funds to improve its product, Deepak Sahni, CEO of Healthians said in a statement shared by the company.

Healthians also wants to expand its services to tier 2 and 3 cities and add 20 new cities over the next year.

“Healthians model is unique when compared to existing diagnostic businesses. Especially their strong capability in tech enables them to deliver a convenient and safe experience to users, and this drives their consistent growth in the tightly competitive market,” said Kenji Uehara, managing director at DG Incubation.

Similar deals:

• In September, Bengaluru based Acculi Labs which develops smartphone based health diagnostics application raised an undisclosed amount in angel round from Startup Basket
• Doctor and patient engagement app company MEngage raised $100,000 from a group of angels in October
• Bengaluru based mobile-first health services platform Phable raised $150,000 from US based venture capital firm SOSV in August