It’s been sometime since I have been working in digital healthcare industry. Just like many others in the town, even I try to analyse arcane equation between investors and startups.
After studying more than 30 companies and startups in healthcare space in India, I found out some interesting facts and these observations were truly eye-opening for many who dream of building a startup or taking their startup to the next level but still trying to figure out the secret sauce that can woo investors. I thought to share the findings with everyone.
Before revealing the myths, let me share few case studies of startups, their business models, founding teams and funding status.
Funds: $1 Mn
Investors: Times Group and SPA Capital Group founder – Sandeep Parwal, Organic Wellness’ founder – Krishan Gupta, Former Ranbaxy executives – Anil Khandelwal and Arun Purohit
What they do?: The startup provide home care services. Business model is similar to Portea.