Health tech start-up Visit Health has successfully raised ₹250 crore (approximately $30 million) in a funding round comprising both primary capital and a secondary purchase of stakes held by Docprime Technologies Pvt Ltd, a wholly owned subsidiary of PB Fintech. This significant capital infusion is set to bolster the company’s growth trajectory, enabling it to expand its business operations, enhance service offerings, and forge a strategic partnership with TatvaCare, a leading player in the health and wellness sector.
The fresh funding will be pivotal in advancing Visit Health’s mission to deliver accessible, cost-effective, and high-quality healthcare across India. The partnership with TatvaCare is expected to significantly expand the company’s cashless network and services, enhancing the overall healthcare experience for its users.
Commenting on the company’s expansion and the strategic partnership, Vaibhav Singh, Co-founder and Managing Director of Visit Health, said, “With the strengthened partnership with TatvaCare, we are poised to expand our cashless network, services, and enhance our commitment to delivering accessible, high-quality healthcare to everyone.”
Echoing these sentiments, Manoj Balaji, CEO of TatvaCare, remarked, “Our partnership with Visit Health aligns perfectly with our vision of transforming healthcare delivery. By working closely together, we can leverage our combined strengths to offer innovative solutions that meet the evolving needs of patients.”
Founded in 2015 by BITS Pilani alumni Vaibhav Singh, Shashvat Tripathi, Chetan Anand, and Anurag Prasad, Visit Health has quickly established itself as a major player in the health tech sector. The platform provides a comprehensive range of health services for employees and their families in the corporate sector, serving over 400 corporate firms, 4500 SMEs, and 15 insurers through an extensive cashless network of medical service providers across India.
Visit Health has reported a remarkable compounded annual growth rate (CAGR) of 110% over the last eight years, reflecting its robust growth and increasing influence in the health tech industry.
TatvaCare, which is at the forefront of transforming medical care practices through digitisation, sees this partnership as a natural extension of its mission to revolutionise healthcare delivery in India.
The Indian health tech sector has been witnessing rapid growth, with startups in the healthcare and life sciences space experiencing a compounded annual growth rate (CAGR) of 127% between 2016 and 2023, according to the Department for Promotion of Industry and Internal Trade (DPIIT). Among these, 1002 startups are actively engaged in the burgeoning health-tech sector, making it one of the most dynamic and promising areas of innovation in the country.