About HealthTech sector in India
The HealthTech sector in India comprises 16.5K companies, including 1.85K funded companies having collectively raised $11B in venture capital money and private equity. Out of these, 354 are Series A+ funded, and 6 have achieved unicorn status.
HealthTech sector in India has seen 147 acquisitions and 24 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 16,534 HealthTech startups in India which include Tata 1mg, Cult.fit, Ultrahuman, Mosaic Wellness, HealthKart. Out of these, 1,854 startups are funded, with 354 having secured Series A+ funding, and 6 achieving unicorn status.
2026 has seen the creation of 521 HealthTech startups in India. Over the past 10 years, an average of 999 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, 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 India
521 new startups have been founded so far in 2026 in the HealthTech sector in India. 1,995 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 | 521 |
2025 | 605 |
2024 | 714 |
2023 | 855 |
2022 | 884 |
2021 | 1,338 |
2020 | 1,995 |
2019 | 1,272 |
2018 | 982 |
2017 | 832 |
Stage-wise distribution of HealthTech sector companies in India
Out of the total 16,534 HealthTech companies in India, 1,854 have secured funding. Among them, 354 have reached Series A or higher, and 239 to Series B or beyond.
Founded - 16,534
Funded - 1,854
Series A+ - 354
Series B+ - 239
Series C+ - 203
Company Stage | No. of companies |
|---|---|
Founded | 16,534 |
Funded | 1,854 |
Series A+ | 354 |
Series B+ | 239 |
Series C+ | 203 |
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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 $10.2B in the last 10 years. The most amount of funding was in 2021 at more than $3.04B. There has been a total funding of $877M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $877M |
2025 | $865M |
2024 | $1.25B |
2023 | $511M |
2022 | $1.33B |
2021 | $3.04B |
2020 | $663M |
2019 | $766M |
2018 | $601M |
2017 | $274M |
Recent Funding Rounds in HealthTech in India
In the year 2026, till October 2026, HealthTech companies in India have raised $864M in equity funding across 135 rounds.
In the same period last year (i.e. till October 2025), HealthTech companies in India had raised $524M across 187 rounds.
So, 2026 has seen a 64.73% rise 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 | 8539 | Oct 29, 2026 | ||
Series A | 9488 | Oct 28, 2026 | ||
Series A | 6411 | Oct 28, 2026 | ||
Series A | 6553 | Oct 27, 2026 | and 6 more | |
Series B | 7837 | Oct 22, 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) | ||
Redwood City (United States) | ||
New York City (United States) | ||
Palo Alto (United States) |
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M&A activity in HealthTech sector in India
In the year 2026, till October 2026, 12 acquisitions happened in HealthTech sector in India. Last year, in 2025, a total of 11 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 | Oct 07, 2026 | ||
Business Acquisition | Aug 18, 2026 | ||
Business Acquisition | Aug 04, 2026 | ||
Business Acquisition | Jul 27, 2026 | ||
Business Acquisition | Jul 06, 2026 |
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 | 12 |
2025 | 11 |
2024 | 10 |
2023 | 12 |
2022 | 14 |
2021 | 26 |
2020 | 7 |
2019 | 16 |
2018 | 9 |
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) | |
May 13, 2024 | National Stock Exchange (NSE), Bombay Stock Exchange (BSE) | |
Feb 02, 2024 | 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 | 146 |
BITS Pilani | 135 |
IIT Delhi | 134 |
IIT Kharagpur | 99 |
Indian School of Business | 80 |
IIT Madras | 75 |
IIM Ahmedabad | 65 |
IIT Kanpur | 61 |
IIM Calcutta | 56 |
IIT Roorkee | 55 |
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 XLRI- Xavier School of Management alumni are third.
College | Total Funding |
|---|---|
IIM Ahmedabad | $3.35B |
Carnegie Mellon University | $2.17B |
XLRI- Xavier School of Management | $2.08B |
IIT Delhi | $1.06B |
IIT Kanpur | $923M |
NMIMS | $910M |
IIT Kharagpur | $774M |
IIT Guwahati | $748M |
Stanford University | $636M |
Stanford Business School | $575M |
Top News in HealthTech in India
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Dot & Key Expands Moisturiser Range With New Dragon Fruit Bounce Jelly MoisturiserThe Tribune•Sep 15, 2026•Dot & Key
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Dot & Key Skincare Launches India's First 15-Shade Tinted Sunscreen RangeThe Tribune•Aug 25, 2026•Dot & Key
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HUL-owned Minimalist's FY26 revenue jumps 36% to Rs 690 crore; PAT turns positiveMoneycontrol•Aug 17, 2026•Minimalist
