Hotline: 1800 102 2007
X
Search Business Opportunities
Investment 2015-05-07

Healthcare-focused incubator HealthStart to set up new angel network

Healthcare-focused start-up incubator HealthStart has announced to set up a new sector focused angel network which will make 8-10 investments in a year.

Healthcare-focused incubator HealthStart to set up new angel network

Healthcare-focused start-up incubator HealthStart is setting up a new sector-focused angel network, as reported by leading news agency VCCircle.

The network would make about 8-10 investments in a year, with the investment ticket size of Rs 1-2 crore with an exit period of around two years.

Confirming the news, Founder and Chairman of HealthStart, Pradeep K Jaisingh said, “We were approached by many companies which have crossed the stage of being a part of an accelerator programme but wanted funding; so we decided to set up an angle network.”

Expecting to become functional by June, Jaisingh further informed, “The network will comprise of 100 professionals from domains like pharmaceutical, diagnostics, hospitals, devices as well as from the private equity and venture capital space. “We are looking at people from India as well as from the US, Europe and Singapore.”

The focus areas of the network within healthcare would include technology, mobile applications, chronic disease management, preventive healthcare and eCommerce.

Significantly, HealthStart was started as an accelerator for healthcare start-ups in 2013 and has incubated five companies so far. It plans to incubate 10-12 start-ups this year, with a focus on health-tech domain with a ticket size of Rs 20 lakh each.

Its existing portfolio companies include ObiNo, Gympic, CarewayHealth, Elementia Wellness and Healthians.
“We had our first accelerator programme last year with Indian School of Business, Hyderabad. We are going to do this again this year and are looking at India as well as global partners,” said Jaisingh.

An alumnus of IIM Ahmedabad, Jaisingh was Managing Director and CEO of International Oncology, a Global Cancer Care and Research company. While the other founding partners of the venture includes Raj Airey and Suhail Chander.

Airey, a UK-based NRI who was previously CEO of the India unit of NYSE-listed healthcare company Baxter. He is also the founding partner of Wizzcare Home Health Solutions, which provides home-based healthcare support to families and senior citizens living in India. While, Chander leads IndusInd Bank’s corporate and commercial banking business.
 

Comment
Related opportunities
  • About Us: The American School is a unique research-based endeavour..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 2lac - 5lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Others Food Service
    An up market Panwaadi joint inviting FranchiseePanwaadi, a venture of..
    Locations looking for expansion New Delhi
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Competitive Exam Coaching Institute
    About Us Edutalent is an education startup founded in 2017 by..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Casual dine Restaurants
    About Us: Handi is a 35 year old restaurant and is..
    Locations looking for expansion Rajasthan
    Establishment year 1993
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts