Yuvi led YouWeCan ventures makes investment in healthcare marketplace Healthians
Continuing his investment spree Yuvraj Singh has invested undisclosed amount in healthcare marketplace Healthians. Healthians helps users discover affordable healthcare, using quality and price transparency. The company aggregates diagnostic labs, crowd sourced sample collectors and nearby doctors.
The company will use fund for product development, hiring and expansion.
Importantly, it creates Healthians branded lab network in association with labs that will offer standardised pricing, processes and user experience. Earlier the Gurgaon based venture had raised seed capital from Deepak Sahni, Founding Partner, Healthstart.
"Having gone through life threatening medical condition, I'm extremely keen to promote preventive healthcare in India. While most of us today have an online social profile or an online professional profile, there's a large need to use technology to create & track individual health profile. I'm excited to see Healthians trying to solve this problem," said Yuvraj Singh.
Diagnostic market in India is approximately $ 5 bn industry, with over a million tests being conducted daily according to an IBEF 2015 study. While the scope of Healthians' service is large, the business model is asset light. The hyper local sample collectors and doctors are crowdsourced. Apart from preventive care, the site also caters to chronic patients and patients recommended tests by Doctors.
This is third investment by Yuvraj’s YouWeCan venture this year. Prior to this, the startup fund pumped in INR two crore in Vyomo and undisclosed amount in on-demand booking services for mini-trucks Moovo.in
Yuvraj Singh’s YouWeCan Ventures will invest INR 40-50 crores in online startups
“For a healthcare brand, there can be no better partner that Yuvraj Singh, and we are delighted to have him onboard. We will do our best to achieve his dream of taking preventive healthcare to everyone across the entire country”, said Deepak Sahni, Founder & CEO, Healthians.
Healthians' proprietary self-assessment software 'HealthiansPLUS' has been created with the help of leading doctors along with software engineers. Users fill online questionnaire, followed by free personal visit by a Wellness Consultant for further screening. The software establishes user's personal health score, recommends future health checks, and tracks each user's health over his lifetime.
Road ahead
The company is targeting to form a network of over 1000 Healthians’ branded labs and help them in enhancing capacity utilisation through demand aggregation and technology support, with the first ones slated to come up in over 20 cities including Delhi, Bangalore, Mumbai, Hyderabad, Pune and Chennai. It also plans to tie up with 2000 pharmacy stores to enable them to offer Diagnostic Tests along with medicine sales to their customers.
Operational in Delhi NCR, the company is already catering to customers in 22 cities in India and plans to expand this to over 50 cities. The company plans to profile over 1 million users for HealthiansPLUS, crowd source over 1000 mobile Health Advisors, and conduct more than 200,000 tests in next 8 to 12 months.