Clinical research and data analytics startup The Healthy Billion (THB) has raised Rs 14 crore from Blume Ventures, Healthquad, and Fireside Ventures. Existing angels including Apoorva Patni and Arpan Sheth, a partner in Bain & Company also participated in the round.
The Healthy Billion fuses clinical research and personalised data analytics offering to patients. Its patient engagement engine is a plug-n-play module solution for healthcare providers.
Floated by Akash Khurana, Gagandeep Singh, Rohit Kumar and Rajesh Pachar, the Gurugram-based company weeds out the pain of integrating across systems and mismatch of clinical terminologies.
Earlier in December 2016, it had raised an undisclosed amount in seed round participated by Ajith Sukumaran(former Nokia executive), Patni and Kanwaljit Singh (former MD of Helion Ventures).
Besides solving aforementioned problems, THB also offers proprietary disease prediction algorithms, real-time micro-segmentation basis clinical parameters, clinically validated protocols-backed automation and patient-friendly content for targeted education amongst others.
The company has reportedly received Rs 8 crore of the Rs 14 crore, reports paper.vc citing regulatory filings. Healthcare-focused venture capital firm, HealthQuad deals in genomics (Strand Life Sciences), telemedicine (Neurosynaptics) and now enterprise tech for healthcare with TBH in its portfolio.
THB had reported revenue of Rs 66 lakhs in FY17. The revenue recorded increase of 266 per cent from Rs 18 lakhs as compared to the previous fiscal. Meanwhile, total expenses also rose to Rs 2.77 crore in the financial year 2016-17 from Rs 67 lakhs in FY16.
The funding round was first reported by paper.vc.