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Healthcare startups fail to attract fresh funds

From Jan to Aug 2016, healthcare startups have managed to raise only $397.41 million. Compared to this, in CY15, the sector raised $1457.75 million

By: | New Delhi | Published: September 20, 2016 6:30 AM

Healthcare start-ups in the country are struggling to raise fresh funds. According to the data released by VCCEdge, the financial data platform of News Corp VCCircle, from January to August 2016, healthcare start-ups have managed to raise only $397.41 million. Compared to this, in CY 2015, the sector raised $1457.75 million. The number of deals, too, dropped from 144 in 2015 to 88 in 2016 for the same period.

“As a healthcare start-up one needs to provide comprehensive solution for all kinds of health problems. Also the mobile app or the site needs to be a perfect combination of technology and domain knowledge,” said Raghuraj, CEO and founder, HealthPlix.

The report further states that under healthcare start-ups this year, e-health players like online pharmacies and aggregator portals topped in terms of deal volume with 35 deals worth $ 50.96 million.

Meanwhile in terms of deal value, healthcare facilities raised $110.9 million from nine deals, followed by bio-tech start-ups which raised $98.67 million from four deals and healthcare services start-ups which got $73.51 million from 20 deals are the leading segments this year.

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