Sanket Patel

Andrew Ng’s AI Fund has made its first investment in India. Backing an AI Healthcare startup in Gurugram. Jivi Founded in 2023 by Ankur Jain (ex-Chief Product Officer at BharatPe) AND GV Sanjay Reddy (Chairman, Reddy Ventures) Jivi is using AI to transform healthcare delivery. 1) Diagnostics- AI-powered diagnoses and treatment suggestions. 2) Health Reports- Personalized reports from millions of medical journals. 3) Admin Efficiency- Automating tasks to free up healthcare professionals. Platform supports over 20 specialties. Partnering with 100+ Doctors and Hospitals to assist with. India’s AI market projected to hit $22 billion by 2027. Startups like Jivi play a major role in solving healthcare challenges through innovation.

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"Health is an investment, not an expense." — Anonymous Just a few days ago, our teams at DeVC and PeerCapital brought together an incredible group of entrepreneurs and enablers to explore the real investments and expenses in healthcare. On stage, we had the dynamic trio of Mayank Banerjee , Dilip Kumar and Tarun Bhambra, who combined their wit and wisdom to delve into: - The consumerization of healthcare, preventive vs. curative approaches, accessibility and affordability challenges, offline vs. online dynamics, and how founders can bridge skill gaps. - The evolving role of AI and tech in healthcare, and how founders are strategically allocating resources to build cutting-edge solutions. - Collaborating with doctors, aligning incentives across systems and how ambitious change starts with robust foundational systems (think CAC's and LTV's). The conversations were raw, experiential, and refreshingly honest. If it weren’t for the ticking clock and the rainy day, we might still be chatting! It was inspiring to engage with so many passionate builders committed to reshaping India's #healthcare future. Let’s keep the dialogue alive. We invite more of your participation and views. Together, we are investing in the future of health. #healthtech #investing #founders

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BookDoctorsTime.com Finding doctors online and comparing their profiles in one place seems incredibly convenient. The feature allowing doctors to maintain patient history and print prescriptions for free is definitely a plus. It's amazing how BDT has been recognized by SMART FIFTY and NASSCOM among the top startups, and even featured on the front page of Sakal! With 5000+ appointments already fixed and 100+ registered doctors, BDT seems to be making quite an impact in connecting patients and doctors effectively. Being pioneers since 2013 shows the dedication and innovation behind the platform! CEO & Founder, ajaykalantri.myview.tech

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Comment your D2C landing page and I will edit and DM you for better conversions. Watch below👇 video to see how elements of a D2C #Biotique landing page is changed in 2 mins with the help of CustomFit.ai 1- Replacing the Drop-down with Clickable buttons. 2- Position alignment of an added Clickable button.

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Funding vs. Mission: Finding Balance Funding milestones are undeniably significant for healthtech startups, often marking validation and fuel for growth. However, amidst the celebrations, it's essential to keep our mission at the forefront. While funding is crucial for scaling operations and driving innovation, it should never overshadow our core purpose – solving pressing healthcare challenges. Let's recalibrate our focus and realign our efforts towards creating meaningful solutions that address real-world problems. #StartupMission #HealthTechSolutions #CustomerFocus 👇 Comment below: How do you ensure your mission remains the priority amidst funding excitement?

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Great insights for anyone building any business.

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Healthtech startup Orange Health has raised $12 Mn (INR 101.5 Cr) in an undisclosed funding round led by Amazon Smbhav Venture Fund👇 The round also saw participation from a host of existing investors, including Accel, General Catalyst, Bertelsmann India Investments and Y Combinator. The Bengaluru-based company plans to use the fresh capital to grow its team, product expansion and drive further innovation in diagnostics. Orange Health’s latest round takes its total funding round to $47 Mn till date. Founded in 2020 by Gupta and Bhambra, Orange Health is an on-demand diagnostics service provider. It competes with the likes of Practo, Redcliffe Labs and PharmEasy in India. In 2022, the startup raised $25 Mn in a Series B round led by Bertelsmann India Investments and General Catalyst. 🔗To read the in-depth article, click here: https://4-2.co/3CYVVIL #news #healthtech #startup #fundraising

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Kenko Health: From Skyrocketing Growth to Sudden Shutdown Kenko Health’s story was one many startups dream of—rapid growth, big-name investors, and a solution that promised to transform healthcare access. But in a flash, they’ve gone from a company with ₹85 crore in revenue to shutting down operations. What happened? Well, picture this: You’re climbing Everest. You’ve got a great climbing team, amazing resources, and you’ve trained hard. You have got a good chunk of international trainers who have been helping you get there and the local sherpas who are going to provide you with all the necessary equipment to reach the summit. The summit is in sight, but then the sherpas wants the climbing team to be mostly domestic leading to distress among the international trainers who have been helping you reach there. They can't turn their backs now and go back since they are equally invested in making the summit happen. Local Sherpas= Domestic regulator who gives out the coveted Insurance License (summit) International Trainers/ Team Members= Foreign Investors Kenko grew revenue 17x in one year, rising from ₹5 crore in FY22 to ₹85 crore in FY23. Impressive, right? Yet, despite their successes, they stumbled on a critical hurdle: securing an insurance license from the Insurance Regulatory and Development Authority (IRDAI). We all saw the potential. With Lightrock, Peak XV Partners (Sequoia Capital), BEENEXT backing Kenko, the startup seemed destined for greatness. But behind the scenes, things weren’t as perfect. Kenko’s quasi-insurance model worked brilliantly at first, providing affordable subscription health plans. But when it came to the regulatory complexities of acquiring that golden insurance license, things fell apart. They had the customers, the revenue, and the drive, but when the insurance goal became unreachable, the air thinned out. They even had investors lined up for a $27m Series B round—money that would have given them the capital cushion to survive. But then, to receive the insurance license, there were problems. The regulator wanted domestic investors to lead the charge. This, of course, caused a massive restructuring headache. Suddenly, the founders were caught between a rock and a hard place—international VCs on one side, domestic regulatory requirements on the other. And then, the final nail in the coffin—Kenko ran out of money. Even though the founders personally infused ₹9cr to keep the ship afloat, it wasn’t enough. By early 2024, employees weren’t getting paid, debts were mounting, and Kenko’s shutdown was all but inevitable. But this isn’t just about Kenko. It’s a case study on how regulatory hurdles can undo even the most promising companies in the startup ecosystem. Could this have been avoided? #kenko #insurtech #fintech #india #startups ------------------------------- 💡 I write interesting posts every week about my thoughts on the startup ecosystem, AI & disruptive technologies. Do follow Sabhareesh M for more!

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Starting a new business is an exhilarating journey, but it comes with its fair share of challenges. Here are some key difficulties faced by startups in their early stages: 1. Access to Funding: Securing adequate funding is a significant hurdle for startups. Many turn to angel investors, venture capitalists, or crowdfunding to raise capital due to challenges with traditional bank loans. 2. Talent Acquisition: Attracting and retaining top talent poses a challenge for startups competing with established companies. Offering stock options and flexible work arrangements can help in talent acquisition. 3. Market Validation: Validating product-market fit is crucial but challenging, requiring extensive market research and customer feedback for startups. 4. Regulatory Hurdles: Navigating the regulatory landscape can be daunting and resource-intensive for new businesses. 5. Competition: Facing stiff competition, startups must differentiate their offerings and build a strong brand presence for survival and growth. 6. Cash Flow Management: Effective cash flow management is critical for startup survival amid inconsistent revenue streams and high initial expenses. 7. Focus and Prioritization: Startups must prioritize efforts and focus on critical tasks to avoid wasted resources and missed opportunities. Despite these challenges, startups can succeed by being adaptable, innovative, and resilient. With the right strategies and support, they can overcome obstacles and thrive in the competitive business landscape. #startup #startuphuddles #challenges #newbusiness

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Level up patient care with Salesforce Health Cloud! #CodMSoftware helps healthcare organizations unlock the power of this platform for: 360° Patient View Streamlined Care Teams Data-Driven Decisions Patient-Provider Information Boost engagement & outcomes. Contact us at [email protected] #Healthcloud #CodMSoftware #Salesforce #Healthcare

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How Do You Make a Successful Medicine Delivery App Like PharmEasy? Today, the emergence of numerous online pharmacy applications has completely transformed and revitalized the drug market. These apps have bridged the gap between pharmaceutical firms and customers by addressing their daily needs. These online medicine ordering apps are becoming an integral part of our lives, proving to be a boon. The business is thriving with substantial revenues, even after offering discounts and cashback to customers. Patients appreciate the convenience of no longer needing to visit medical stores or stand in long queues, allowing them to order their medications online hassle-free. Benefits of E-Pharmacy App Development Solution ·      Reduction in Medical Wastage ·      Medication Accuracy ·      Medical Obedience ·      Medical Efficiency https://lnkd.in/gEVbPdnm

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The #startup world is often #glamorized. Images of overnight #successes and #billion-dollar exits flood the headlines. But what they don't tell you is this: -------------------------------------------------------------------- The true magic of startups lies not in the #destination, but in the #journey itself. -------------------------------------------------------------------- Forget the idea of a "stable exit strategy" with a perfectly polished product. That might be the safe route, but it's rarely the fulfilling one. #Building a startup is about #pushing your #limits, venturing into the #unknown, and defying #expectations. It's about the countless nights fueled by #passion and coffee, the exhilarating moments of #breakthrough, and the inevitable #challenges that will test your resolve. This isn't to say that #financial success isn't a #goal. It absolutely can be. But it shouldn't be the sole #motivator. -------------------------------------------------------------------- The most #rewarding startups are built by those who are driven by a deeper #purpose. -------------------------------------------------------------------- They're fueled by the desire to create something groundbreaking, to #disrupt the status quo, and ultimately, to #scream with exhilaration: "#Wow, what a #ride!" So, if you're considering taking the plunge into the startup world, don't be discouraged by the romanticized notions of success. Embrace the messiness, the late nights, and the ever-changing landscape. -------------------------------------------------------------------- Because when you look #back, it's not the finish line that will #matter most. It's the incredible #journey you took to get there. -------------------------------------------------------------------- A journey filled with lessons learned, boundaries pushed, and a resounding, "Wow! What a ride!" #beingEntrepreneur

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HealthTech will be the next growth story in India. 🇮🇳 🚀🚀 Traditionally, India’s healthcare system has been fraught with challenges 😔. However, the startup’s has been making concerted efforts to bridge these gaps through innovative models and technological advancements 😎. This evolution signifies a paradigm shift in how healthcare is conceptualized, delivered, and experienced. Why it’s an urgent need 🔥🔥🔥 👉Population Dynamics: Growing Population: With a population of 1.38 billion and a density of 422 people per square kilometer in 2023, India is projected to reach 1.47 billion by 2031. It is set to become the most populous nation by 2025. 👉Aging Population: The geriatric population in India has risen from 6.4% in 1981 to 10.1% in 2021 and is expected to reach 13.1% by 2031. 👉Healthcare Expenditure:Total Health Expenditure: In 2018-19, India’s total health expenditure was estimated at INR 5,96,440 crore, representing 3.2% of GDP, or INR 4,470 per capita. 👉Government Spending: Government expenditure on healthcare was only 2.1% of GDP in 2022-23, the lowest among BRICS nations. 👉Out-of-Pocket Expenditure (OOPE): Although OOPE has decreased from 64.7% in 2015 to 50.6% in 2020, it remains significantly higher than in many developed nations. 👉Human Resources in Health (HRH):Workforce Shortage: India has approximately 4.6 million HRH, with a density of 33.5 per 10,000 population, the lowest in BRICS nations. The country faces a shortfall of ~1.5 million HRH. 👉Future Projections: At the current rate, India will meet its HRH demand by 2040, a decade later than the target of 2030. 👉Rural-Urban Disparity:Resource Distribution: While 70% of the population lives in rural areas, only 40% of hospital beds are available there. Additionally, 73% of healthcare resources and specialists are concentrated in urban areas, leaving rural regions underserved. 👉Cost Dynamics:Rising Costs: Average operating revenue per bed has increased by ~50% for leading hospitals in recent years. Medical inflation, observed at 14% to 16% in 2021, has escalated hospitalization costs as hospitals pass on the inflation to materials, medical devices, equipment, consumables, and staff costs. 👉 Medical Inflation: stands at 13% 🔥🔥🚀🚀At Mykare : We are dedicated to solve this large problem and to create a billion dollar company . We are excited 🔥🤩 In summary, HealthTech startups will be a pivotal for transforming India’s 🇮🇳healthcare landscape. By leveraging technology, India can overcome its healthcare challenges, ensuring equitable, efficient, and high-quality healthcare for all its citizens. 🚀🚀🚀🔥🔥💪💪 #HealthTech #HealthcareTransformation #IndiaHealthcare #DigitalHealth #InnovativeCare #FutureOfHealthcare

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Thank you, Sanoja Shah, for highlighting Redicine Medsol's mission and impact! At Redicine, we're committed to revolutionizing medication adherence and empowering patients and caregivers worldwide. It's an honor to see our vision resonate with amazing professionals like you. Together, let's continue making healthcare smarter, safer, and more accessible. #HealthcareInnovation #Redicine #MedicationAdherence #FutureOfCare"

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