About HealthTech sector in India
The HealthTech sector in India comprises 14.4K companies, including 1.7K funded companies having collectively raised $10.5B in venture capital money and private equity. Out of these, 310 are Series A+ funded, and 6 have achieved unicorn status.
HealthTech sector in India has seen 134 acquisitions and 17 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 India
There are 14,351 HealthTech startups in India which include Tata 1mg, Cult.fit, MediBuddy, Ultrahuman, Mosaic Wellness. Out of these, 1,698 startups are funded, with 310 having secured Series A+ funding, and 6 achieving unicorn status.
2026 has seen the creation of 5 HealthTech startups in India. Over the past 10 years, an average of 864 new companies have been launched annually. Notably, several of these startups have been founded by alumni of IIT Bombay, BITS Pilani and IIT Delhi.
Here is the list of top HealthTech startups in India
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, IFC and 36 Others
- Latest Funding Round: Series D, Sep 02, 2022, $*****
- Tracxn Score: 87/100 What is this?
- Competitors Rank: 1 of 540 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, Kalaari Capital and 95 Others
- Latest Funding Round: Series G, Mar 21, 2026, $*****
- Tracxn Score: 86/100 What is this?
- Competitors Rank: 1 of 46 Competitors
3. MediBuddy
Online platform offering multiple healthcare services. It providing a comprehensive range of healthcare services, including online medicine delivery, lab test bookings with home sample collection, digital health records management, and surgery care support through an integrated mobile and web app. It also enables users to book doctor consultations and access various medical information.
Key facts about MediBuddy
- Founded Year: 2013
- Location: Bengaluru (India)
- Stage: Acquired
- Total Funding till date: $193M
- Investors: Zenith Investment Partners, Ales and 65 Others
- Latest Funding Round: Venture Debt, May 30, 2024, $*****
- Tracxn Score: 85/100 What is this?
- Competitors Rank: 2 of 540 Competitors
4. Ultrahuman
Provider of wearable health trackers and metabolic monitoring hardware devices. The product catalog includes rings that monitor sleep, heart rate variability, and body temperature. Additional hardware tracks glucose levels through continuous monitoring sensors. Environmental monitors measure air quality, light exposure, and noise levels within residential spaces. Blood testing services provide analysis of biomarkers to correlate physiological trends with lifestyle data. Accessories include chargers and light-blocking eyewear to support sleep hygiene.
Key facts about Ultrahuman
- Founded Year: 2019
- Location: Bengaluru (India)
- Stage: Series C
- Total Funding till date: $103M
- Investors: Steadview, Nexus Venture Partners and 43 Others
- Latest Funding Round: Series C, Mar 17, 2026, $*****
- Tracxn Score: 81/100 What is this?
- Competitors Rank: 1 of 648 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, Z47 and 53 Others
- Latest Funding Round: Series B, Mar 12, 2026, $*****
- Tracxn Score: 79/100 What is this?
- Competitors Rank: 1 of 595 Competitors
Companies founded year-on-year in the HealthTech sector in India
5 new startups have been founded so far in 2026 in the HealthTech sector in India. 1,961 HealthTech startups in India 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 | 5 |
2025 | 206 |
2024 | 527 |
2023 | 802 |
2022 | 834 |
2021 | 1,316 |
2020 | 1,961 |
2019 | 1,234 |
2018 | 946 |
2017 | 815 |
Stage-wise distribution of HealthTech sector companies in India
Out of the total 14,351 HealthTech companies in India, 1,698 have secured funding. Among them, 310 have reached Series A or higher, and 213 to Series B or beyond.
Founded - 14,351
Funded - 1,698
Series A+ - 310
Series B+ - 213
Series C+ - 180
Company Stage | No. of companies |
|---|---|
Founded | 14,351 |
Funded | 1,698 |
Series A+ | 310 |
Series B+ | 213 |
Series C+ | 180 |
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Funding Trends in the HealthTech sector in India
Total funding year-on-year in the HealthTech sector in India
The HealthTech sector in India saw a total funding of more than $9.66B in the last 10 years. The most amount of funding was in 2021 at more than $2.84B. There has been a total funding of $310M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $310M |
2025 | $804M |
2024 | $1.24B |
2023 | $514M |
2022 | $1.32B |
2021 | $2.84B |
2020 | $1.02B |
2019 | $748M |
2018 | $592M |
2017 | $274M |
Recent Funding Rounds in HealthTech in India
In the year 2026, till April 2026, HealthTech companies in India have raised $305M in equity funding across 40 rounds.
In the same period last year (i.e. till April 2025), HealthTech companies in India had raised $395M across 72 rounds.
So, 2026 has seen a 22.72% drop in funding in HealthTech companies in India as compared to 2025.
Here are some recent, important funding rounds in HealthTech companies in India:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 4858 | Apr 21, 2026 | and 4 more | |
Angel | 7610 | Apr 20, 2026 | ||
Seed | 6945 | Apr 15, 2026 | ||
Seed | 1715 | Apr 15, 2026 | ||
Series A | 6123 | Apr 05, 2026 |
Top Investors in HealthTech in India
General Catalyst is the top investor in HealthTech companies in India based on number of companies invested.
Here are some top investors in HealthTech companies in India:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Cambridge (United States) | ||
Delhi (India) | ||
New York City (United States) | ||
Redwood City (United States) | ||
Palo Alto (United States) |
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M&A activity in HealthTech sector in India
In the year 2026, till March 2026, 3 acquisitions happened in HealthTech sector in India. Last year, in 2025, a total of 8 acquisitions happened in HealthTech sector in India.
Here are some recent, important acquisitions in HealthTech sector in India:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Mar 10, 2026 | ||
Business Acquisition | Feb 24, 2026 | ||
Business Acquisition | Jan 21, 2026 | ||
Business Acquisition | Nov 06, 2025 | ||
Business Acquisition | Oct 09, 2025 |
Acquisition trends in HealthTech sector in India
Here are the acquisition trends in HealthTech sector in India:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 3 |
2025 | 8 |
2024 | 9 |
2023 | 13 |
2022 | 14 |
2021 | 25 |
2020 | 7 |
2019 | 16 |
2018 | 8 |
2017 | 4 |
IPOs in HealthTech in India
In the year 2025, till October 2025, 2 IPOs happened in HealthTech sector in India.
Here are some recent, important IPOs in HealthTech sector in India:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Oct 03, 2025 | Bombay Stock Exchange (BSE) | |
Jan 17, 2025 | National Stock Exchange (NSE) | |
Dec 19, 2024 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
Feb 02, 2024 | National Stock Exchange (NSE) | |
Jun 02, 2023 | National Stock Exchange (NSE) |
Colleges which produce the most HealthTech companies in India
Companies founded by alumni from top colleges in the HealthTech in India
Most number of HealthTech startups in India have been founded by alumni from IIT Bombay, BITS Pilani and IIT Delhi.
College | No. of companies |
|---|---|
IIT Bombay | 132 |
BITS Pilani | 121 |
IIT Delhi | 113 |
IIT Kharagpur | 86 |
Indian School of Business | 79 |
IIT Madras | 78 |
IIM Ahmedabad | 68 |
IIT Kanpur | 61 |
IIT Roorkee | 58 |
IIM Calcutta | 57 |
Total funding in HealthTech companies founded by alumni from top colleges in India
In the last 10 years, IIM Ahmedabad graduates' HealthTech companies in India have raised the most funding among top colleges. Carnegie Mellon University alumni are second, and IIT Delhi alumni are third.
College | Total Funding |
|---|---|
IIM Ahmedabad | $3.38B |
Carnegie Mellon University | $2.17B |
IIT Delhi | $1.19B |
IIT Kanpur | $1.02B |
NMIMS | $909M |
IIT Guwahati | $743M |
IIT Kharagpur | $690M |
Stanford University | $539M |
Stanford Business School | $522M |
IIT Bombay | $466M |
Top News in HealthTech in India
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TruBridge Announces Fourth Quarter and Full Year 2025 ResultsBusiness Wire•Mar 31, 2026•TruBridge, IKS Health
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Dot & Key launches Dragon Fruit Bounce Sunscreen SPF 50+ PA++++Media Bulletins•Mar 27, 2026•Dot & Key
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Navi UPI Becomes Official Payments Partner of Royal Challengers BengaluruBusiness News This Week•Mar 26, 2026•RCB, Navi
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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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Minimalist revenue jumps 48% to Rs 515 crore in FY25; posts Rs 31 crore loss on exceptional hitMoneycontrol•Feb 11, 2026•Minimalist, HUL
