About HealthTech SaaS sector in India
The HealthTech SaaS sector in India comprises 2.18K companies, including 244 funded companies having collectively raised $2.51B in venture capital money and private equity. Out of these, 51 are Series A+ funded, and 2 have achieved unicorn status.
HealthTech SaaS sector in India has seen 16 acquisitions and 2 IPOs.
This sector includes companies providing cloud-based, multi-tenant and subscription or on-demand B2B software applications for health applications.
HealthTech SaaS sector is also known as HealthTech SaaSTech, HealthTech SaaS-Tech, Digital HealthTech SaaS or HealthTech SaaS Technology Solutions.
All B2B software that offers cloud-based, multi-tenant solutions for business functions like Marketing, HR, Sales, Business Intelligence in Healthcare space are included in this sector. Excludes standalone consumer-facing health or fitness applications (B2C), traditional on-premise legacy medical records software that lacks cloud-native multi-tenancy, custom single-tenant software built exclusively for individual hospital networks, medical equipment manufacturers, and pure-play offline digital healthcare consulting or non-software healthcare outsourcing services.
Top HealthTech SaaS Companies in India
There are 2,182 HealthTech SaaS startups in India which include Innovaccer, Qure.ai, HealthPlix, Forus Health, Doceree. Out of these, 244 startups are funded, with 51 having secured Series A+ funding, and 2 achieving unicorn status.
2026 has seen the creation of 190 HealthTech SaaS startups in India. Over the past 10 years, an average of 111 new companies have been launched annually. Notably, several of these startups have been founded by alumni of IIT Bombay, IIT Delhi and BITS Pilani.
Here is the list of top HealthTech SaaS startups in India
1. Innovaccer
Developer of healthcare data platforms and artificial intelligence agent software. This technology unifies clinical, operational, and financial information from disparate systems to support decision-making. The platform provides tools for population health management, revenue cycle automation, and quality performance tracking. It enables the deployment of automated assistants to streamline administrative workflows, manage patient outreach, and facilitate care coordination across various healthcare settings. The system integrates non-electronic health record data to improve documentation accuracy and support value-based care initiatives.
Key facts about Innovaccer
- Founded Year: 2014
- Location: San Francisco (United States)
- Stage: Series F
- Total Funding till date: $675M
- Investors: WestBridge Capital, Mubadala and 36 Others
- Latest Funding Round: Series F, Jan 09, 2025, $*****
- Tracxn Score: 78/100 What is this?
- Competitors Rank: 3 of 994 Competitors
2. Qure.ai
Developer of artificial intelligence software for medical imaging diagnostic analysis. This technology integrates with existing radiology hardware to identify abnormalities in chest scans. The software assists clinicians in detecting lung nodules, tuberculosis, and signs of stroke. It provides automated reporting and workflow coordination tools to support diagnostic decision-making processes. The platform facilitates the management of patient care pathways by flagging findings for review.
Key facts about Qure.ai
- Founded Year: 2016
- Location: Mumbai (India)
- Stage: Series D
- Total Funding till date: $123M
- Investors: HealthQuad, 360 One and 49 Others
- Latest Funding Round: Grant (prize money), Jan 22, 2026, $*****
- Tracxn Score: 74/100 What is this?
- Competitors Rank: 1 of 1,011 Competitors
3. HealthPlix
Provider of EMR and clinic management software for healthcare professionals. This software suite offers tools for managing patient records, scheduling appointments, and facilitating online consultations. It also includes features tailored to specific medical specialties and supports prescription generation in multiple languages. The platform prioritizes data security and privacy, employing robust encryption and adhering to relevant compliance standards. The software is designed to streamline workflows and improve patient care.
Key facts about HealthPlix
- Founded Year: 2014
- Location: Bengaluru (India)
- Stage: Series C
- Total Funding till date: $43M
- Investors: Chiratae Ventures, Lightspeed and 20 Others
- Latest Funding Round: Conventional Debt, Mar 15, 2023, $*****
- Tracxn Score: 73/100 What is this?
- Competitors Rank: 3 of 4,647 Competitors
4. Forus Health
Manufacturer of portable digital eye imaging devices and cloud-based healthcare platforms. These devices are designed for acquiring, storing, and transmitting images of the eye's anterior and posterior segments, facilitating the diagnosis of various ocular diseases. The cloud-based platform integrates with the imaging devices, enabling remote diagnosis and efficient monitoring of patients. The company's technology aims to improve access to eye care, particularly in underserved areas. The devices are designed for ease of use and affordability, making them suitable for a wide range of healthcare settings.
Key facts about Forus Health
- Founded Year: 2010
- Location: Bengaluru (India)
- Stage: Series B
- Total Funding till date: $18.1M
- Investors: Chiratae Ventures, Accel and 15 Others
- Latest Funding Round: Series B, Nov 03, 2025, $*****
- Tracxn Score: 68/100 What is this?
- Competitors Rank: 1 of 333 Competitors
5. Doceree
Provider of an AI-powered operating system for healthcare marketing solutions. The system offers intelligence, reading, conversation, workflow, and experience layers to enhance interactions. It provides insights, audience activation, and content matching across specialist medical publishers. The system delivers real-time answers and personalized messages within clinical workflows. It also orchestrates campaigns and tracks journeys.
Key facts about Doceree
- Founded Year: 2020
- Location: Short Hills (United States)
- Stage: Series B
- Total Funding till date: $64.8M
- Investors: Creaegis, Eight Roads Ventures and 6 Others
- Latest Funding Round: Series B, Oct 03, 2024, $*****
- Tracxn Score: 68/100 What is this?
- Competitors Rank: 1 of 128 Competitors
Companies founded year-on-year in the HealthTech SaaS sector in India
190 new startups have been founded so far in 2026 in the HealthTech SaaS sector in India. This is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 190 |
2025 | 122 |
2024 | 99 |
2023 | 100 |
2022 | 79 |
2021 | 126 |
2020 | 135 |
2019 | 91 |
2018 | 77 |
2017 | 96 |
Stage-wise distribution of HealthTech SaaS sector companies in India
Out of the total 2,182 HealthTech SaaS companies in India, 244 have secured funding. Among them, 51 have reached Series A or higher, and 32 to Series B or beyond.
Founded - 2,182
Funded - 244
Series A+ - 51
Series B+ - 32
Series C+ - 25
Company Stage | No. of companies |
|---|---|
Founded | 2,182 |
Funded | 244 |
Series A+ | 51 |
Series B+ | 32 |
Series C+ | 25 |
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Funding Trends in the HealthTech SaaS sector in India
Total funding year-on-year in the HealthTech SaaS sector in India
The HealthTech SaaS sector in India saw a total funding of more than $2.39B in the last 10 years. The most amount of funding was in 2021 at more than $1.21B. There has been a total funding of $27.4M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $27.4M |
2025 | $199M |
2024 | $410M |
2023 | $120M |
2022 | $142M |
2021 | $1.21B |
2020 | $119M |
2019 | $99.8M |
2018 | $45.2M |
2017 | $19.1M |
Recent Funding Rounds in HealthTech SaaS in India
In the year 2026, till July 2026, HealthTech SaaS companies in India have raised $24.4M in equity funding across 13 rounds.
In the same period last year (i.e. till July 2025), HealthTech SaaS companies in India had raised $184M across 11 rounds.
So, 2026 has seen a 86.73% drop in funding in HealthTech SaaS companies in India as compared to 2025.
Here are some recent, important funding rounds in HealthTech SaaS companies in India:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series A | 3702 | Jul 23, 2026 | ||
Seed | 9454 | Jul 09, 2026 | ||
Seed | 2195 | Jul 02, 2026 | ||
Series A | 8672 | Jun 29, 2026 | and 1 more | |
Seed | 5529 | May 12, 2026 |
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Top Investors in HealthTech SaaS in India
General Catalyst is the top investor in HealthTech SaaS companies in India based on number of companies invested.
Here are some top investors in HealthTech SaaS companies in India:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Cambridge (United States) | ||
Redwood City (United States) | ||
London (United Kingdom) | Doceree and API Holdings | |
Menlo Park (United States) | Qure.ai and HealthPlix | |
Palo Alto (United States) |
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M&A activity in HealthTech SaaS sector in India
In the year 2026, till July 2026, 2 acquisitions happened in HealthTech SaaS sector in India. Last year, in 2025, a total of 1 acquisition happened in HealthTech SaaS sector in India.
Here are some recent, important acquisitions in HealthTech SaaS sector in India:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jul 06, 2026 | ||
Business Acquisition | Jun 26, 2026 | ||
Business Acquisition | Apr 28, 2025 | ||
Business Acquisition | May 29, 2024 | ||
Business Acquisition | Jul 19, 2022 |
Acquisition trends in HealthTech SaaS sector in India
Here are the acquisition trends in HealthTech SaaS sector in India:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 2 |
2025 | 1 |
2024 | 1 |
2023 | - |
2022 | 1 |
2021 | 3 |
2020 | - |
2019 | 1 |
2018 | - |
2017 | 1 |
IPOs in HealthTech SaaS in India
In the year 2017, till July 2017, 1 IPO happened in HealthTech SaaS sector in India.
Here are some recent, important IPOs in HealthTech SaaS sector in India:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Jul 25, 2017 | Bombay Stock Exchange (BSE) |
Colleges which produce the most HealthTech SaaS companies in India
Companies founded by alumni from top colleges in the HealthTech SaaS in India
Most number of HealthTech SaaS startups in India have been founded by alumni from IIT Bombay, IIT Delhi and BITS Pilani.
College | No. of companies |
|---|---|
IIT Bombay | 20 |
IIT Delhi | 20 |
BITS Pilani | 17 |
IIT Kharagpur | 15 |
IIM Ahmedabad | 9 |
IIT Kanpur | 9 |
IIM Bangalore | 8 |
IIT Madras | 8 |
Indian School of Business | 8 |
National University of Singapore (NUS) | 8 |
Total funding in HealthTech SaaS companies founded by alumni from top colleges in India
In the last 10 years, IIM Ahmedabad graduates' HealthTech SaaS companies in India have raised the most funding among top colleges. Carnegie Mellon University and XLRI- Xavier School of Management alumni are second.
College | Total Funding |
|---|---|
IIM Ahmedabad | $1.75B |
Carnegie Mellon University | $1.19B |
XLRI- Xavier School of Management | $1.19B |
IIT Kharagpur | $606M |
IIT Delhi | $161M |
IIT Bombay | $76M |
Indian Institute Of Management–Lucknow | $68.4M |
BITS Pilani | $63.5M |
National University of Singapore (NUS) | $60.3M |
IIT Indore | $49.5M |
Top News in HealthTech SaaS in India
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Qure.ai Earns FDA OK for 6 New AI Chest X-ray IndicationsMedical Product Outsourcing•Feb 26, 2026•Qure.ai
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qXR from Qure.ai obtains regulatory clearance for paediatric TB screeningIndiaMedToday•Oct 17, 2025•Qure.ai
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Innovaccer introduces new capabilities to reduce burden on care teamsHospital Management•Apr 23, 2025•Innovaccer
