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Healthcare sector sees 88 funding deals over $397 mn in 2016

Indian healthcare sector has registered 88 funding deals amounting to USD 397.41 million so far this year, with healthcare startups gaining significant portions in terms of value and number of deals.

By: | New Delhi | Published: September 19, 2016 5:22 PM
Startups in the healthcare space have received funding worth USD 735 million from 336 deals since 2012.(Reuters)

Startups in the healthcare space have received funding worth USD 735 million from 336 deals since 2012.(Reuters)

Indian healthcare sector has registered 88 funding deals amounting to USD 397.41 million so far this year, with healthcare startups gaining significant portions in terms of value and number of deals.

According to News Corp VCCEdge Healthcare Sector Funding insights, out of the USD 397.41 million deals so far this year, healthcare startups cornered 73 deals amounting to USD 113.45 million.

“The year 2016 so far has registered 88 funding deals amounting to USD 397.41 million. This includes 54 angel/seed deals worth USD 11.19 million, 23 venture capital funding deals worth USD 155.83 million and 11 private equity deals amounting to USD 230.39 million,” the report said.

Since 2012, the sector has witnessed 558 funding deals to the tune of USD 5,657 million.

Startups in the healthcare space have received funding worth USD 735 million from 336 deals since 2012.

So far this year, there were 13 series A funding deals worth USD 45.33 million and 6 series B deals worth USD 56.92 million, while startups with consumer centric digital modes of service delivery have raked in USD 77.3 million so far this year.

The report further noted that eHealth players like online pharmacies and aggregator portals topped in terms of deal volume with 35 deals worth USD 50.96 million.

Biotechnology was the segment which attracted the top private equity and venture capital deals so far in 2016 with Quadria Capital’s investment of USD 70.27 million in Concord Biotech Ltd.

Other top private equity deals during the year were in the healthcare facilities and services space such as that of ADV Opportunities Fund I LP investing USD 45 million in Dr Agarwal’s Health Care and TPG Growth Equity III LP investing USD 33 million in Cancer Treatment Services International Inc.

“Startups and investors alike see a huge opportunity in the demand and supply gap that exists in the Indian healthcare sector both as social cause and a business case,” Nita Kapoor, Head – India New Ventures, News Corp and CEO, News Corp VCCircle said.

Kapoor further noted that while startups with consumer centric business models and digital modes of service delivery such as facilitating doctor appointments, efficient information management system and online pharmacies have been attracting investor interest, trends suggest that there will be money backing for those startups focusing on corporate tie-ups, medtech, virtual diagnostics & preventive care.

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