About HealthTech sector in Asia
The HealthTech sector in Asia comprises 31.4K companies, including 4.99K funded companies having collectively raised $42.7B in venture capital money and private equity. Out of these, 1.34K are Series A+ funded, and 17 have achieved unicorn status.
HealthTech sector in Asia has seen 271 acquisitions and 178 IPOs.
This sector includes companies providing digital health solutions for disease management, diagnosis, treatment etc.
HealthTech sector is also known as Digital Health, e-Health, Health And Wellness Tech, Smart Healthcare, Healthcare Technology or Health Management Technology.
It includes companies providing both B2B and B2C software, platforms and connected devices for providers, hospitals, consumers, employers, and life science industry. It excludes companies providing drugs, in vitro diagnostic solutions, drug delivery and medical devices that do not rely on digital platforms.
Top HealthTech Companies in Asia
There are 31,370 HealthTech startups in Asia which include Tata 1mg, Cult.fit, Ultrahuman, Mosaic Wellness, HealthKart. Out of these, 4,994 startups are funded, with 1,343 having secured Series A+ funding, and 17 achieving unicorn status.
2026 has seen the creation of 697 HealthTech startups in Asia. Over the past 10 years, an average of 1,797 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Tel Aviv University, IIT Bombay and BITS Pilani.
Here is the list of top HealthTech startups in Asia
1. Tata 1mg
Provider of an online pharmacy with doctor listing and teleconsultation services. It offers pharmacy store where the user to view medicines, compare prices, and purchase online. It allow users to upload prescriptions for placing the order. It provides an online doctor consultation and lab test platform that allows users to search for doctors and book appointments. The platform sells fitness supplements, healthcare products, healthcare devices, and alternate medicines.
Key facts about Tata 1mg
- Founded Year: 2015
- Location: Delhi (India)
- Stage: Acquired
- Total Funding till date: $231M
- Investors: HBM Healthcare Investments, Maverick Ventures and 36 Others
- Latest Funding Round: Series D, Sep 02, 2022, $*****
- Tracxn Score: 87/100 What is this?
- Competitors Rank: 1 of 1,514 Competitors
2. Cult.fit
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts. It offers various membership tiers providing access to different combinations of in-person and virtual fitness options. These options include group fitness classes led by trainers, access to gyms with varying levels of equipment and amenities, and live at-home workout sessions. Memberships also incorporate access to sports activities such as badminton and swimming. The company also provides coaching programs focused on weight loss and wellness resources. The offerings aim to create a holistic fitness experience.
Key facts about Cult.fit
- Founded Year: 2016
- Location: Bengaluru (India)
- Stage: Series G
- Total Funding till date: $714M
- Investors: Accel, Chiratae Ventures and 100 Others
- Latest Funding Round: Series G, Mar 17, 2026, $*****
- Tracxn Score: 85/100 What is this?
- Competitors Rank: 1 of 30 Competitors
3. Ultrahuman
Developer of wearable health monitors and metabolic glucose tracking devices. These products track sleep, recovery, and metabolic markers to provide health insights. The hardware includes rings for sleep monitoring, continuous glucose monitors, and red light therapy equipment. Software platforms interpret health data and blood test results to assist with physiological performance and wellness management.
Key facts about Ultrahuman
- Founded Year: 2019
- Location: Bengaluru (India)
- Stage: Series C
- Total Funding till date: $173M
- Investors: Steadview, Nexus Venture Partners and 48 Others
- Latest Funding Round: Venture Debt, Sep 03, 2026, $*****
- Tracxn Score: 81/100 What is this?
- Competitors Rank: 1 of 98 Competitors
Provider of digital health coaching platforms for men, women, and parents. The platforms offer personalized support and guidance to improve various aspects of health and wellness, including physical fitness, nutrition, sleep, and mental well being. It utilizes technology to deliver tailored programs and resources to its users. Separate platforms cater to the specific needs and interests of each demographic.
Key facts about Mosaic Wellness
- Founded Year: 2019
- Location: Thane (India)
- Stage: Series B
- Total Funding till date: $89.9M
- Investors: Peak XV Partners, Elevation Capital and 53 Others
- Latest Funding Round: Series B, Mar 12, 2026, $*****
- Tracxn Score: 79/100 What is this?
- Competitors Rank: 1 of 203 Competitors
5. HealthKart
Online platform for health and fitness products. It provides a platform that allows users to search and purchase healthcare products. It offers a product catalog that includes sports nutrition, vitamins and supplements, ayurveda and herbs, food and drinks, gym equipment, and fitness accessories.
Key facts about HealthKart
- Founded Year: 2011
- Location: Gurugram (India)
- Stage: Series B
- Total Funding till date: $25M
- Investors: Sofina, Prana Ventures and 5 Others
- Latest Funding Round: Series B, May 09, 2019, $*****
- Tracxn Score: 79/100 What is this?
- Competitors Rank: 1 of 630 Competitors
Companies founded year-on-year in the HealthTech sector in Asia
697 new startups have been founded so far in 2026 in the HealthTech sector in Asia. 3,648 HealthTech startups in Asia were founded in 2020 - 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 | 697 |
2025 | 869 |
2024 | 1,092 |
2023 | 1,318 |
2022 | 1,518 |
2021 | 2,398 |
2020 | 3,648 |
2019 | 2,531 |
2018 | 2,065 |
2017 | 1,834 |
Stage-wise distribution of HealthTech sector companies in Asia
Out of the total 31,370 HealthTech companies in Asia, 4,994 have secured funding. Among them, 1,343 have reached Series A or higher, and 826 to Series B or beyond.
Founded - 31,370
Funded - 4,994
Series A+ - 1,343
Series B+ - 826
Series C+ - 618
Company Stage | No. of companies |
|---|---|
Founded | 31,370 |
Funded | 4,994 |
Series A+ | 1,343 |
Series B+ | 826 |
Series C+ | 618 |
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Funding Trends in the HealthTech sector in Asia
Total funding year-on-year in the HealthTech sector in Asia
The HealthTech sector in Asia saw a total funding of more than $33.8B in the last 10 years. The most amount of funding was in 2021 at more than $7.88B. There has been a total funding of $2.24B in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $2.24B |
2025 | $2.16B |
2024 | $2.18B |
2023 | $1.88B |
2022 | $4.12B |
2021 | $7.88B |
2020 | $3.58B |
2019 | $3.54B |
2018 | $3.97B |
2017 | $2.21B |
Recent Funding Rounds in HealthTech in Asia
In the year 2026, till October 2026, HealthTech companies in Asia have raised $2.18B in equity funding across 257 rounds.
In the same period last year (i.e. till October 2025), HealthTech companies in Asia had raised $1.38B across 301 rounds.
So, 2026 has seen a 57.75% rise in funding in HealthTech companies in Asia as compared to 2025.
Here are some recent, important funding rounds in HealthTech companies in Asia:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 3216 | Oct 29, 2026 | ||
Series B | 7460 | Oct 28, 2026 | ||
Series A | 4195 | Oct 28, 2026 | ||
Series A | 8077 | Oct 28, 2026 | ||
Series A | 2053 | Oct 28, 2026 |
Top Investors in HealthTech in Asia
General Catalyst is the top investor in HealthTech companies in Asia based on number of companies invested.
Here are some top investors in HealthTech companies in Asia:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Cambridge (United States) | ||
Ho Chi Minh City (Vietnam) | ||
Sunnyvale (United States) | ||
Singapore (Singapore) | ||
Delhi (India) |
M&A activity in HealthTech sector in Asia
In the year 2026, till October 2026, 17 acquisitions happened in HealthTech sector in Asia. Last year, in 2025, a total of 19 acquisitions happened in HealthTech sector in Asia.
Here are some recent, important acquisitions in HealthTech sector in Asia:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Oct 07, 2026 | ||
Business Acquisition | Aug 18, 2026 | ||
Business Acquisition | Aug 18, 2026 | ||
Business Acquisition | Aug 04, 2026 | ||
Business Acquisition | Jul 27, 2026 |
Acquisition trends in HealthTech sector in Asia
Here are the acquisition trends in HealthTech sector in Asia:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 17 |
2025 | 19 |
2024 | 21 |
2023 | 30 |
2022 | 21 |
2021 | 44 |
2020 | 14 |
2019 | 28 |
2018 | 14 |
2017 | 9 |
IPOs in HealthTech in Asia
In the year 2026, till September 2026, 9 IPOs happened in HealthTech sector in Asia.
Here are some recent, important IPOs in HealthTech sector in Asia:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Sep 25, 2026 | Tokyo Stock Exchange (TYO) | |
Sep 04, 2026 | Korea Exchange (KRX) | |
Jul 24, 2026 | Taiwan Stock Exchange (TPE) | |
Jul 07, 2026 | Indonesia Stock Exchange (IDX) | |
Jul 06, 2026 | Korea Exchange (KRX) |
Colleges which produce the most HealthTech companies in Asia
Companies founded by alumni from top colleges in the HealthTech in Asia
Most number of HealthTech startups in Asia have been founded by alumni from Tel Aviv University, IIT Bombay and BITS Pilani.
College | No. of companies |
|---|---|
Tel Aviv University | 154 |
IIT Bombay | 146 |
BITS Pilani | 137 |
IIT Delhi | 134 |
IIT Kharagpur | 102 |
Indian School of Business | 82 |
National University of Singapore (NUS) | 80 |
IIT Madras | 74 |
Stanford University | 68 |
Technion Israel Institute Technology | 67 |
Total funding in HealthTech companies founded by alumni from top colleges in Asia
In the last 10 years, IIM Ahmedabad graduates' HealthTech companies in Asia have raised the most funding among top colleges. Carnegie Mellon University alumni are second, and XLRI- Xavier School of Management alumni are third.
College | Total Funding |
|---|---|
IIM Ahmedabad | $3.35B |
Carnegie Mellon University | $2.47B |
XLRI- Xavier School of Management | $2.08B |
Tel Aviv University | $1.2B |
IIT Delhi | $1.06B |
Columbia University | $1.06B |
IIT Kanpur | $923M |
NMIMS | $910M |
IIT Kharagpur | $776M |
Stanford University | $774M |
Top News in HealthTech in Asia
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MyHeritage Establishes Scientific Advisory Board to Support the Expansion of its DNA Product LineBusiness Wire•Oct 28, 2026•MyHeritage
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Clinisys Unveils Open, Governed AI Platform to Help Laboratories Move from Insight to ActionFinancial Post•Oct 27, 2026•Clinisys
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FDA Clears DreaMed MODI App for Type 2 Diabetes Injection TherapyHIT Consultant•Sep 30, 2026•DreaMed
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COSRX.com Expands Global Shipping to Over 200 Countries, Celebrates UK Grand OpeningPR Newswire•Sep 23, 2026•COSRX
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