Cloudphysician Ropes In OYO Veteran Mandar Vaidya As India CEO

Healthtech startup Cloudphysician has roped in Mandar Vaidya as its India chief executive officer.

Prior to that, Vaidya was regional the CEO at OYO for four years, where he led multiple geographies outside of India (Europe, SE Asia, Middle East, and Japan). He led profitable and transformative growth in these markets via a tech-enabled approach: building scale from India for the world. Additionally, Vaidya is an independent director on the board of Cipla Limited.
the company said in a statement.

With over 20 years of experience in driving global businesses and delivering transformative results, his (Vaidya’s) experience as a former partner at McKinsey & Co., where he led the healthcare practice in Asia and developed strategies for hospitals and pharmaceutical companies, will help Cloudphysician serve partner hospitals effectively and drive growth across India, it added.

Founded in 2017 by Dhruv Joshi and Dileep Raman, Cloudphysician, partners with hospitals to improve ICU and NICU care for their patients. Its unique Care Centre has AI-guided doctors and nurses 24/7; the Care Centrr collaborates with hospitals and their consultants to ensure better outcomes for patients. Cloudphysician has claimed to help manage care for over 1 Lakh ICU patients across more than 200 hospitals.

Recently, Cloudphysician raised $10.5 Mn in a Series A funding round led by Peak XV Partners, with participation from Elevar Equity and Panthera Peak.

“The healthcare landscape in India is evolving and there is a significant opportunity for tech-enabled solutions to establish sustainable models of care delivery. His rich experience and strategic approach to business development will help establish Cloudphysician as the preferred critical care partner, helping us expand our tech-driven solutions to over 5,000 hospitals,” Joshi and Raman said in a joint statement.

Incubated by ‘Google for Startups Accelerator: India’ in 2023, the startup raised $4 Mn in its Pre-Series A funding round led by Elevar Equity in 2021. With the recent investment, Cloudphysician has become the latest addition to Peak XV’s healthtech portfolio, which includes Mosaic Wellness, Twin Health, Qure.ai, and Practo.

Overall, the Indian healthtech space continues to grow rapidly. As per an Inc42 report, the homegrown healthtech space is projected to be a $10.6 Bn market opportunity by 2025.