How many total Healthcare companies are there in India?

As of January 2026, India has 23957 active Healthcare companies.

How many Healthcare companies in India are funded?

As of January 2026, 1620 companies have received funding in this sector.

What is the total funding raised by Healthcare companies in India?

Healthcare companies in India have collectively raised $24.6B in funding till date.

Who are the top investors in Healthcare companies in India?

The top investors in Healthcare companies in India by number of investments are BIRAC and Orbimed.

Which is the highest funded Healthcare company in India?

As of January 2026, Cult.fit has raised $667M in funding, highest among the funded Healthcare companies in India.

How many Healthcare unicorns are there in India?

India has produced 2 unicorns in the Healthcare sector till date.

Healthcare in India - 2026 Market & Investments Trends

The Healthcare sector in India comprises 28K companies, including 1.62K funded companies having collectively raised $24.6B in venture capital money and private equity. Out of these, 939 are Series A+ funded, and 2 have achieved unicorn status.

Healthcare sector in India has seen 323 acquisitions and 355 IPOs.

Key Metrics

Total Companies

28K

Top Companies

Cult.fit, Cloudnine & more

Total Funding

Funded Companies

Series A+ Companies

Series C+ Companies

Unicorns Created

IPOs

355

Acquisitions

323

View complete details of this sector

There are more than 28K companies in Healthcare in India. Cult.fit is the top Healthcare company in India, ranked using Tracxn Score (what's this?).

Here are 5 of the top Healthcare companies in India:

Company	Description	Location	Founded	Current Stage	Private Funding Raised
Cult.fit	Provider of fitness memberships encompassing group classes, gyms, and at-home workouts	Bengaluru (India)	2016	Series F	$667M
Cloudnine	Chain of maternity, childcare and fertility hospitals	Bengaluru (India)	2007	Series D	$205M
Thyrocare	Chain of diagnostic and preventive care laboratories centers	Mumbai (India)	1996	Acquired	$63.6M
Dr Lal PathLabs	Chain of pathology and radiology labs	Gurugram (India)	1949	Public	$13.9M
Anthem Biosciences	Developer of integrated contract research development and manufacturing services	Bengaluru (India)	2007	Public	$35.7M

Get a longer list of companies

Companies founded year-on-year in the Healthcare sector in India

1,336 Healthcare startups in India were founded in 2018 - this is the most number of startups founded in any year in the last 10 years.

Total Number of Companies

Year	No. of companies
2025	51
2024	459
2023	773
2022	989
2021	1,130
2020	1,328
2019	1,107
2018	1,336
2017	1,124
2016	1,029

Stage-wise distribution of Healthcare sector companies in India

Out of the total 28,020 Healthcare companies in India, 1,620 have secured funding. Among them, 939 have reached Series A or higher, and 790 to Series B or beyond.

Founded - 28,020

Funded - 1,620

Series A+ - 939

Series B+ - 790

Series C+ - 745

Company Stage	No. of companies
Founded	28,020
Funded	1,620
Series A+	939
Series B+	790
Series C+	745

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Total funding year-on-year in the Healthcare sector in India

The Healthcare sector in India saw a total funding of more than $16.4B in the last 10 years. The most amount of funding was in 2022 at more than $3.27B.

Total Funding

Year	Total Funding
2025	$971M
2024	$1.56B
2023	$1.69B
2022	$3.27B
2021	$2.66B
2020	$992M
2019	$1.72B
2018	$1.22B
2017	$1.34B

Recent Funding Rounds in Healthcare in India

In the year 2025, till December 2025, Healthcare companies in India have raised $1.35B in equity funding across 71 rounds. In the same period last year (i.e. till December 2024), Healthcare companies in India had raised $1.18B across 99 rounds. So, 2025 has seen a 14.39% rise in funding in Healthcare companies in India as compared to 2024.

Here are some recent, important funding rounds in Healthcare companies in India:

Company	Round Raised	Amount Raised	Funding Date	Investors
Sensa Core	PE	2745	Dec 22, 2025	Motilal Oswal
PlasmaGen BioSciences	Series D	1794	Dec 22, 2025	Vins Bio Products
NU Hospitals	Series B	5847	Dec 17, 2025	Somerset Indus Capital Partners
SSO Hospital	Seed	6509	Dec 08, 2025	Everhope
Nuvana	Angel	8728	Dec 06, 2025	Rakul Preet Singh and 1 more

See a more detailed list of funding rounds

BIRAC is the top investor in Healthcare companies in India based on number of companies invested.

Here are some top investors in Healthcare companies in India:

Investor	Location	Top Portfolio Companies
BIRAC	Delhi (India)	Anthem Biosciences, Syngene, Lupin and Jubilant Life Sciences
Orbimed	New York City (United States)	Entero Healthcare, Suraksha Diagnostics, KIMSHEALTH and BSV Group
C-CAMP	Bengaluru (India)	Trivitron, Avesthagen, Genworks Health and Vipragen
Eight Roads Ventures	London (United Kingdom)	Laurus Labs, Ujala Cygnus, Cipla and HCAH
TPG	Fort Worth (United States)	Manipal Hospitals, Healthium Medtech, CARE Hospitals and Sai Life Sciences

See a more detailed list of investors

In the year 2025, till December 2025, 37 acquisitions happened in Healthcare sector in India. Last year, in 2024, a total of 37 acquisitions happened in Healthcare sector in India.

Here are some recent, important acquisitions in Healthcare sector in India:

Company	Acquisition Type	Acquisition Date	Acquirers
People Tree Hospitals	Business Acquisition	Dec 20, 2025	Fortis Healthcare
Paramount	Business Acquisition	Dec 15, 2025	Healthium Medtech
Atmantan	Business Acquisition	Nov 14, 2025	IHCL
Anand Chemiceutics	Business Acquisition	Nov 13, 2025	Orbimed and 2 more
Bioaide Technologies Pvt Ltd	Business Acquisition	Nov 13, 2025	Orbimed and 2 more

See a more detailed list of acquisitions

Acquisition trends in Healthcare sector in India

Here are the acquisition trends in Healthcare sector in India:

Total Number of Acquisitions

Year	No. of companies
2025	28
2024	37
2023	39
2022	47
2021	36
2020	21
2019	21
2018	14
2017	20
2016	17

In the year 2026, till January 2026, 1 IPO happened in Healthcare sector in India.

Here are some recent, important IPOs in Healthcare sector in India:

Company	IPO Date	Exchange Symbol
Modern Diagnostics	Jan 07, 2026	Bombay Stock Exchange (BSE)
Gujarat Superspeciality Hospital	Dec 30, 2025	Bombay Stock Exchange (BSE), National Stock Exchange (NSE)
NephroPlus	Dec 17, 2025	Bombay Stock Exchange (BSE), National Stock Exchange (NSE)
Park Hospital	Dec 17, 2025	Bombay Stock Exchange (BSE), National Stock Exchange (NSE)
Corona Remedies	Dec 15, 2025	Bombay Stock Exchange (BSE), National Stock Exchange (NSE)

See a more detailed list of IPOs

Companies founded by alumni from top colleges in the Healthcare in India

Most number of Healthcare startups in India have been founded by alumni from IIT Delhi, BITS Pilani and IIM Ahmedabad.

College	No. of companies
IIT Delhi	37
BITS Pilani	35
IIM Ahmedabad	33
IIT Bombay	33
IIM Calcutta	31
IIT Madras	26
Indian School of Business	24
IIT Kharagpur	23
IIM Bangalore	20
IIT Kanpur	17

Total funding in Healthcare companies founded by alumni from top colleges in India

In the last 10 years, IIT Bombay graduates' Healthcare companies in India have raised the most funding among top colleges. Massachusetts Institute of Technology alumni are second, and IIT Kanpur alumni are third.

College	Total Funding
IIT Bombay	$1.45B
Massachusetts Institute of Technology	$1.07B
IIT Kanpur	$697M
IIT Guwahati	$674M
Indian School of Business	$635M
University of Pennsylvania	$628M
Wharton School	$623M
IIT Madras	$537M
IIT Delhi	$501M
IIM Calcutta	$495M