FHealth Accelerator has announced a fund of USD 1.5M to support startups in the health tech sector The emphasis is on startups in D2C, home healthcare, telemedicine, patient-centric technologies, medtech, and digital medicines. The accelerator is centered in Mumbai, but applications are being accepted from all throughout India.
FHealth Accelerator unveiled the first batch of its startup accelerator program on Thursday, with a target to invest over USD 1.5 million in 8-10 firms this fiscal year.
According to the company, the startup accelerator program is intended to help and accelerate the growth of healthcare-focused firms in their early revenue phases.
The accelerator program is supported by Vaidya Sane Ayurved Laboratories Limited, widely known as ‘Madhavbaug,’ one of India’s major Ayurvedic heart care clinic chains with over 270 clinics spread across seven states.
Dr Rohit Sane, Madhavbaug’s founder, managing director, and chief executive officer, stated, “The accelerator plans to invest around USD 1.5 million in 8-10 startups across three batches in fiscal year 2023.”
According to Sane, the accelerator will give financing to firms as well as access to its network of physicians, patients, contact centers, health CRM, marketing assistance, research laboratories, patient tech solutions, data, and analytics.
He noted, “The emphasis is on entrepreneurs in D2C, home healthcare, telemedicine, patient-centric innovations, medtech, and digital medicines. The accelerator is located in Mumbai, but applications are welcome from throughout India.”