Online healthcare marketplace Healthians.com has raised an undisclosed amount from YouWeCan Ventures, the investment arm of cricketer Yuvraj Singh, as it looks to expand to newer cities and add more healthcare providers on its platform.
Healthians.com, operated by Gurgaon-based Expedient Healthcare Marketing Pvt. Ltd, is an aggregator of diagnostic labs, crowd sourced sample collectors, clinics, hospitals and pharmacies. It builds individual health profiles of users, assigns them a personal health score, recommends health checks and keeps track of their health.
It is associated with 300 hospitals and 70 diagnostic centres and has profiled 100,000 families in 22 cities, according to its website.
Healthians plans to expand to 50 cities, profile over 1 million users and conduct over 200,000 tests in the next 8-12 months. It also plans to add at least 1,000 crowd sourced mobile health advisors to its platform.
“Having gone through life threatening medical condition, I’m extremely keen to promote preventive healthcare in India,” said cancer survivor Yuvraj Singh in a statement on Tuesday. “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 and track individual health profile,” he said.
“For a healthcare brand, there can be no better partner than Yuvraj Singh, and we are delighted to have him on board. We will do our best to achieve his dream of taking preventive healthcare to everyone across the country,” said Deepak Sahni, founder and chief executive officer of Healthians.
The company will expand Healthians’ branded network of labs to over 1,000 in 20 cities including Delhi, Bangalore, Mumbai, Hyderabad, Pune and Chennai. The company-branded diagnostic labs will offer standardized pricing, processes and user experience and help the labs with capacity utilization through demand aggregation and technology support.
It also plans to tie up with 2,000 pharmacy stores to offer diagnostic tests along with medicine sales to their customers.
“Health tech space is of prime significance to us, and we expect Healthians to become a dominant player through organic and inorganic routes over the next few quarters,” said Raj Airey, founding partner of Healthstart, an existing investor in Healthians.
Diagnostic market in India is a $5 billion industry with over a million tests being conducted daily, according to a 2015 study by India Brand Equity Foundation. The overall healthcare market in India is estimated to be $65 billion and is growing 17% compounded annually.