CapBuild Clinical Skills Pvt. Ltd, a healthcare analytics startup, has raised an undisclosed sum of money from incubator HealthStart.
CapBuild will use the investment to strengthen its technological infrastructure and expand to more markets, it said in a statement.
The venture was founded in 2015 by Vikram Anand, a healthcare professional, and Sridhar Krishnamurthi, who is the firm's chief technology officer. Cyrus Engineer and Manojit Sen who are also part of the founding team serve as advisers to the company. It analyses the financial, operational and clinical data of healthcare setups and offers action plans to drive performance.
The company launched its first product in 2018. It counts 15 hospitals, hospital groups and laboratories as its clients and is also engaging with healthcare providers in several regions including the United States and Sri Lanka.
Anand said the disruption across the healthcare industry was limiting the ability of organisations to provide adequate services. “Organisations need to move on from using traditional practices of management and look to data,” he said.
CapBuild is also supported by another incubator, Huddle, which has supported other healthcare startups such as GDART Online Services Pvt. Ltd’s Medigency and Hygiea Wellness Pvt. Ltd’s Poshtick.
The HealthStart accelerator was launched in 2013 with a focus on supporting healthcare ventures. Some of its portfolio firms include fitness aggregator Gympik, weight loss app Obino, online diagnostics startup Healthians and clinic management platform KiviHealth, which recently for acquired by NetMeds, to name a few.
JR Laddha Financial Services Pvt. Ltd acted as the financial adviser to CapBuild for the latest fundraise.
A number of health-tech ventures have garnered investor interest in the past few months. Some have even been acquired by rivals.
Earlier this week, healthcare services platform Medlife International acquired medicine-delivery app Myra Medicines in a cash and stock deal.
Last month, Pune-based technology business incubator Venture Center invested in neonatal care startup Sensivision Health Technologies Pvt. Ltd and cancer screening startup Kozhnosys Pvt. Ltd.
Around the same time, Mfine, an app that lets users link with doctors through live chat or video under a minute, secured $17.2 million (around Rs 120 crore) in a Series B funding round led by SBI Investment, the venture capital unit of Japan's financial services company SBI Group.
In the same month, Japan-based M3 Inc. picked up a majority stake in DailyRounds, a community-based platform for doctors and medical students.
The month also saw medical-technology startup SigTuple Technologies Pvt. Ltd secure $16 million (Rs 111 crore) in a Series C round of funding led by Trusted Insight, a US-based networking platform for institutional investors.