Recently Tata Sons Chairman Ratan Tata invested an undisclosed amount in Series A round of funding for a Cancer therapeutic startup, Invictus Oncology. Invictus Oncology uses a supramolecular technology platform to design anti-cancer drugs and has developed a deep pipeline of molecules to address a humongous market opportunity in the oncology space. At the same time, a Mumbai-based startup, Zoctr which is a healthcare aggregator Platform which allows users to buy health-related services received an undisclosed amount of funding from Times Group via it's innovative Brand Capital Incubator funding model. Indian healthcare startups slowly but steadily are not only limiting themselves to target the basic health care concerns like online doctor consulting or Appointment booking but are focusing on our countries major healthcare issues like diagnosis and management of infectious diseases, tech-based solutions to reduce maternal mortality or just simply organising a scattered space of health care via technology.
We at Chatur Ideas have curated a list of startups that everyone should watch out for in 2016 that are not only disrupting the space but are here to make a sizable impact on the healthcare industry.
1) Omix Labs
OmiX Labs is Bangalore-based startup which is developing a platform that allows for cost-effective DNA testing for pathogens, outside of laboratory settings. Last year in the month July Unitus Seed Fund announced OmiX Labs as the winner for their StartHealth Competition. The platform is being developed for use in diagnosis and management of infectious diseases, food testing, and water and environmental testing. It's also currently a recipient for BIG (Biotechnology Ignition Grant)
Socialblood is building the largest network of blood donors, Hospitals and Blood banks on the web. Socialblood was founded by Karthik Naralasetty in 2011. It aims to solve the blood availability crisis by making use of the huge popularity of the social networking site Facebook. Karthik has also won the Staples/Ashoka Youth Social Entrepreneur award for his work with Socialblood
3) Sattva Medtech
Sattva Medtech is developing a next-generation fetal health monitoring device which leverages advanced sensors and algorithms. Founded by Sumedh Kaulgud and Vibhav Joshi, this unique startup addresses some serious healthcare issues like infant and maternal mortality. Their product Sattva Fetal Lite uses advanced sensors to acquire physiological data. It is non-invasive and compliant to IEC standards for medical diagnostic equipment which weighs less than 1 kg. It's designed and engineered to be used by low skill health workers, which can address 300,000 perinatal deaths each year.
Praxify is one of the first EMR (Electronic Medical Records) platforms on the market. The platform aims to be a one-stop-shop from patients to lab techs. The platform is built to aggregate multiple touch points of patients to improve care delivery which also enables the right set of information at the point-of-care, thus improving physician productivity as well. The patient app stores health records track medication and adherence, monitors family member wellness and allows consumers to make appointments, essentially letting the patient control more of their healthcare experience