startup series
KEY ACHIEVEMENTS OF
INNOV4HEALTH
• Won 2nd prize at the HITCON
‘17 Start-Up Capsule on
21st Jan’2017 awarded by
Ahmedabad University
• Received INR 50 lakh grant
from the Biotechnology
Industry Research Assistance
Council (BIRAC), under
Small Business Innovation
Research Initiative (SBIRI)
Scheme.
• Recognized as an Innovative
Startup under StartUp India
by Department of Industrial
Policy & Promotion, Ministry
of Commerce & Industry,
Government of India.
• Initiative of Transfer of
Technology of 6 Medical
Simulators Developed by
Merkel Haptics (a Spin-off of
IIT Madras).
• A fast-growing repository of
300,000+ patient records
helping in building the
Clinical Decision Support
System.
24
BioVoiceNews | June 2017
us stay on the cutting edge delivering
significantly higher clinical outcome for
our customers in the process bringing
certainty to fertility.”
Way forward
Founders say that the Innov4Sight
has embarked on a journey to create
a technology agnostic integrated
healthcare ecosystem that will
significantly impact clinical outcomes
enabling wide adoption of evidence
based medicine with a focus on fertility.
Like Uber and AirBnB which control
the local transport and hospitality
industry respectively without owning a
single car or hotel, they believe by 2021
their company too has the potential to
be world’s largest healthcare provider
without even owning any hospital. And
this vision has a lot to do with the huge
healthcare data which otherwise remains
unused broadly in Indian settings.
The company has seen a total of about
USD 1.5 million in total investments
including investments from the
founders, angel investors and debt.
Vijaygopal reveals that they are now
looking at strategic investors who are
passionate about healthcare. He explains
in his concluding remarks, “We are in the
middle of our pre-series A fund raise of
about a million $. We finalized half that
funding from a Kolkatta based family
office which had recently ventured into
wellness space in Mumbai. We are now
looking at closing the round and are
actively seeking for suitors.”