Yuvraj Singh Bets On Healthcare Marketplace Healthians; Discloses Investment

Cricketer Yuvraj Singh’s investment fund YouWeCan Ventures has acquired a stake in online healthcare marketplace Healthians.com for an undisclosed amount.

Healthians.com helps users discover affordable healthcare, using quality and price transparency. It aggregates diagnostic labs, crowd sourced sample collectors and nearby doctors, as well as makes patients’ medical records available online.

In another industry first, apart from tying up with leading medical labs chains, the startup is also creating a Healthians branded lab network in association with labs that will offer standardised pricing, processes and user experience.

“Having gone through life threatening medical condition, I’m extremely keen to promote preventive healthcare in India. While most of us today have an online social profile or an online professional profile, there’s a large need to use technology to create & track individual health profile. I’m excited to see Healthians trying to solve this problem” said Yuvraj Singh.

Healthians’ proprietary self-assessment software ‘HealthiansPLUS’ has been created with the help of leading doctors along with software engineers. Users fill online questionnaire, followed by free personal visit by a Wellness Consultant for further screening. The software establishes user’s personal health score, recommends future health checks, and tracks each user’s health over his lifetime”, said Deepak Sahni, Founder & CEO, Healthians.

Diagnostic market in India is approximately $ 5 Bn industry, with over a million tests being conducted daily according to an IBEF 2015 study. While the scope of Healthians’ service is large, the business model is asset light. The hyper local sample collectors and doctors are crowd sourced. Apart from preventive care, the site also caters to chronic patients and patients recommended tests by Doctors.

Future Plans

In an industry first, company is targeting to form a network of over 1000 Healthians’ branded labs and help them in enhancing capacity utilisation through demand aggregation and technology support, with the first ones slated to come up in over 20 cities including Delhi, Bangalore, Mumbai, Hyderabad, Pune and Chennai. It also plans to tie up with 2000 pharmacy stores to enable them to offer Diagnostic Tests along with medicine sales to their customers.

While currently focused in Delhi NCR, the company is already catering to customers in 22 cities in India and plans to expand this to over 50 cities. The company plans to profile over 1 million users for HealthiansPLUS, crowd source over 1000 mobile Health Advisors, and conduct more than 200,000 tests in next 8 to 12 months.

Recently, YouWeCan Ventures has also invested in Vyomo & Moovo.