Healthians Raises Funding From Japanese Investor Asuka Holdings, Others

Yuvraj Singh-backed diagnostic and wellness startup Healthians has raised an undisclosed amount of funding in a bridge round from Japanese asset management firm Asuka Holdings.

Healthians founder Deepak Sahni said, “We plan to achieve complete profitability in the next 12-18 months, for which we have a clear roadmap and plans in place.”

Based in Gurugram, Healthians was founded in February 2015 by Deepak Sahni and Anuj Mittal. The platform helps users discover affordable healthcare, using quality and price transparency. It aggregates diagnostic labs, crowdsourced sample collectors, and nearby doctors, as well as makes patients’ medical records available online.

As per a company statement, Healthians has also achieved operational and marketing level profitability in business. It claims to have witnessed a 30% percent month-over-month growth. Talking about the startup’s journey, co-founder Deepak said, “Revenues in first half 2016 went 4x, but we were focussed on making sure each of the health tests that the company sells and services is profitable from the first transaction. We not only achieved that but also doubled our revenues in last four months.”

The startup has also created a Healthians-branded lab network in association with labs that offer standardised pricing, processes, and user experience. Its proprietary self-assessment software ‘HealthiansPLUS’ establishes a user’s personal health score, recommends future health checks, and tracks each user’s health over his lifetime. It also offers doorstep sample collection service. The company is looking to add 200 labs and 3,000 phlebotomists to its existing network across 30 cities by next year.

In October 2016, Healthians raised $3 Mn (INR 20 Cr) in Series A round of funding from Japanese early-stage investor Beenext, Japanese incubator Digital Garage and Beenos also participated in the round along with a few other undisclosed investors. To date the company has raised $3.25 Mn, from investors including Beenext, Beenos, Digital Garage, M&S Partners, and YouWeCan Ventures.

The portal currently competes with diagnostics chains such as Dr. Lal PathLabs, Fortis Healthcare-controlled SRL, and Dalmia Medicare.

(The development was reported by ET)

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