Health care start-up, Visit Health, has received funding of Rs 250 crores consisting of primary capital and a secondary purchase of stake in the company held by Docprime Technologies Pvt Ltd, a wholly owned subsidiary of PB Fintech, the current promoters and employees.
As per reports, the fresh infusion of funds will help the company expand its business operations by providing accessible, cost-effective, and quality healthcare. The expansion of the business operation also involves a partnership with TatvaCare, a company that specialises in the health and wellness space.
Talking about the company’s expansion and business partnership, Vaibhav Singh, Co-founder and Managing Director of Visit Health, reportedly said, "With the strengthened partnership with TatvaCare, we are poised to expand our cashless network, services, and enhance our commitment to delivering accessible, high-quality healthcare to everyone."
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TatvaCare's CEO, Manoj Balaji, reportedly said, "Our partnership with Visit Health aligns perfectly with our vision of transforming healthcare delivery. By working closely together, we can leverage our combined strengths to offer innovative solutions that meet the evolving needs of patients."
The start-up was founded in 2015 by BITS Pilani graduates Vaibhav Singh, Shashvat Tripathi, Chetan Anand, and Anurag Prasad. The health tech platform offers a wide range of health services for employees and their families in the corporate sector.
The company provides wellness and OPD services to over 400 corporate firms, 4500 SMEs, and 15 insurers through a vast cashless network of medical service providers across India.
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TatvaCare is a startup in the Indian health tech landscape which transforms medical care practices through digitisation.
Visit Health reportedly claims to have a compounded annual growth rate (CAGR) of 110 per cent over the last eight years, as per ET.
Health tech start-ups are gaining prominence in the country with their cutting edge technology, fostering innovation in medical practices and making healthcare more efficient.
The total count of recognized startups in the healthcare and life sciences space in the country has experienced a compounded annual growth rate (CAGR) of 127 per cent between 2016 and 2023.
Among these startups, 1002 are actively engaged in the growing health-tech sector, as per DPIIT.
