Montane Ventures leads $3.1 Mn funding round in healthtech startup healthi

Early-stage VC Montane Ventures has led a $3.1 million funding round in digital preventive health startup healthi. Montane Ventures, a VC firm anchored by the Piramal Family Office primarily invests in core technology startups.

The Bengaluru-based startup aims to use the proceeds to accelerate its product development efforts by significantly ramping up the technology and product teams.

The startup helps users choose the most suitable packages available at leading providers. It offers easy-to-understand and comprehensive reports to clearly translate the results for the user, so that they may seek expert help and guidance in understanding their health status.

healthi has formed an alliance with Mayo Clinic to provide personalized and clinically-validated informative content. Mayo Clinic is a nonprofit worldwide leader in medical care, research, and education.

Besides, it works with IIT-Madras, Department of Biotechnology, Ministry of Science, Government of India to improve the capacity of chronic disease prediction in the country, claims its website.

The startup is on track to sign about 1.4 million users in 2018. In addition to growing its user base in India, healthi has also attracted keen interest from providers in the ASEAN and EMEA regions for its analytics and engagement platform.

The organization aims to roll out international pilots to this end in the next 12 to 18 months.

Founded in 2014 by Krishna Ulagaratchagan and Rekuram Varadharaj, the platform has performed over 10,00,00 tests and claims to have 6X and 9 X growth in 2016-2017 and 2015-2016 respectively.

In the past months, a slew of startups in health care space had raised funds. For instance, CallHealth, an integrated healthcare services platform raised Rs 32.5 crore from media conglomerate Bennett Coleman and Company Limited(BCCL).

In December 2017, Kolkata-based health-tech startup EasyBuyHealth had raised $350,000 (Rs 2 crore) in its seed round of funding from a group of individual investors. In the same month, Bengaluru-based digital medical consultation platform DocsApp raised $7.2 million in a Series-A funding.

Prior to that, home-focused healthcare platform Portea Medical raised $26 million Series C round led by new investors Sabre Partners and MEMG CDC.

The funding news was first reported by ET.