Since 2014, India’s healthtech sector has garnered approximately $7bn in funding across 886 deals, a report titled “The State Of Indian Startup Ecosystem Report 2024” showed. However, this is a modest figure compared to the over $150bn raised by all-industries Indian startups during the same period.
India’s Healthtech Revival: $1.1B Surge In 2024 Signals Renewed Investor Confidence
2024 Witnessed A Notable Resurgence In Funding For Healthtech Startups Driven By AI Solutions, Telemedicine and Diagnostics
The revival in funding of healthtech and pharma startups was significantly influenced by PharmEasy's $216m funding round, led by the Manipal Education and Medical Group (MEMG), albeit at a reduced valuation of $710m—a sharp decline from its previous $5.6bn valuation in 2021.
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