As per ConnectedH (1), the latest tranche will be used to expand its geographical presence. It will also deepen its diagnostics ecosystem while widening its value offerings for diagnostics. The movements will make the startup a one-stop solution for users’ marketing and operations requirements.
In healthcare delivery, one of the most prominent issues is unorganized medical data. It is also the cause of incorrect diagnosis in many cases.
The ConnectedH aims to simplify healthcare by organizing the healthcare system’s data since its inception in 2018. It is working towards making a healthcare ecosystem that is connected. The patients will have complete control and 24×7 access to their organized medical information. It will be available across several stakeholders such as doctors, hospitals, diagnostic centers, etc. The move also aligns with the current government’s announcement about the National Digital Health Mission.
Co-Founders on Inception of ConnectedH
In the latest seen fund round, many investors took participation. It includes Ajeet Singh, Seekify Founder, Ankur Pahwa, E&Y Partner, Anurag Mehrotra, MD, and President of Ford India, Bharanidharan Viswanathan & Nitin Mathur, Founders of 91mobiles. Other investors include Harsh Pokharna and Gaurav Kumar, Co-Founders of Okcredit, Kishore Ganji, Kunal Khatter, the Managing Director, AdvantEdge in a personal capacity, Sprout Investments, Umang Kumar, Founder of Gaadi.com; and Vivek Shah MD of Investment Banking, Haitong.
ConnectedH is the outcome of personal experience, says Shubham Gupta, Co-founder of the startup. He added that he was hospitalized due to a UTI. Shubham had to visit a physician every week for two years. He waited at the reception for hours for 5 minutes of consultation. It was an endless loop for repeating his medical history. However, he solved the issues by compiling his data on an excel sheet. That’s when Shubham realized how many people are likely to be going through the same problems.
India’s diagnostic sector has good growth in the upcoming years, with an estimated 15 billion USD market. Despite the COVID-19 impact, the business of ConnectedH crossed its pre-lockdown level by July 2020.
Before the latest funding round, ConnectedH had its first smaller seed funding round. It was led by the top management of CarDekho and Avinash Kumar, Founder of Credenc.