Healthians, health test at home service provider, has raised ₹85 crore about ($12 million) in its latest round of funding.
The round was led by DG Incubation & DG Daiwa Ventures from Japan and saw participation from Mistletoe and Tokio Marine from Singapore, Kotak PE & Trifecta from India along with existing investors.
Healthians will use the funds to expand its geographical presence and go deeper into existing cities alongside expanding its service portfolio.
“We shall use the raised funds to continue our geographical expansion, add further technological capabilities to our product, and introduce newer products aligned with our targeted segment. In our effort to spread awareness about preventive healthcare and making India healthy, we are not just focusing on large cities but will continue to take our services to many more tier II and tier III cities which are in need of affordable, fast and accurate diagnostic services” said Deepak Sahni, Founder and CEO, Healthians.
Kenji Uehara, Managing Director at DG Incubation, said "Healthians model is unique when compared to existing diagnostic businesses. Especially their strong capability in tech enables them to deliver a convenient and safe experience to users, and this drives their consistent growth in the tightly competitive market. We are confident about their vision that preventive and at-home diagnostics can bring a healthy behaviour change and helps in making overall community Healthier, which is great for any developing country."
Sahni added, “Because any original idea that has no precedence takes its own time before the world concedes it, I am glad that we have investors and partners who believed in us since our inception and the ones joining us in our journey as we aggressively chase newer milestones to positively impact the health and lives of a billion Indians.”
Founded in 2015 by Deepak Sahni, Healthians is the largest lab test at home service in India that has disrupted the traditional B2B diagnostic model by creating direct to consumer approach. The company aims to be the largest in preventive and chronic health test services by offering better, convenient, affordable, faster and reliable healthcare services.