Yuvraj Singh-backed Healthians raises funds from Japan’s Asuka, others

Expedient Healthcare Marketing Pvt. Ltd, which runs online diagnostics and wellness startup, has raised an undisclosed amount in bridge funding from Japan's Asuka Holdings and other existing investors, a company statement said.

Healthians, which is backed by cricketer Yuvraj Singh's early-stage fund YouWeCan Ventures, is now in advanced talks to raise a Series B round.

Prior to this round, Healthians had raised $3.16 million from venture capital fund Beenext, Japanese e-commerce and investment firm Beenos, M&S Partners and YouWeCan Ventures, among others, according to data from VCCEdge, the data research arm of News Corp VCCircle.

It had raised seed funding from healthcare-focused startup accelerator Healthstart Pte. Ltd and its founding partner Suhail Chander in 2014, the data show.

Founded by Deepak Sahni and Anuj Mittal, Healthians is an asset-light diagnostic and healthcare company. It is currently operational in Delhi-NCR.

The company aims to add over 200 labs and more than 3,000 phlebotomists to its existing network over the next 12-18 months, the statement said.

“Revenues in the first half of 2016 went 4x, but we were focused on making sure that each health test that company sells and services is profitable from the start," Sahni said in the statement.

Asuka's recent investments include Bangalore-based Property Share, which offers investors fractional ownership of properties. Property Share raised an undisclosed amount from the Japanese investor in March.

Asuka had earlier invested in WorkIndia, a job portal for blue-collar workers, and Daily Rounds, an app that compiles case studies and quizzes for doctors.

Singapore-based early-stage technology fund Beenext targets investments in early-stage companies in India, Southeast Asia, Japan and the US.

Other heavily-funded healthcare startups that also aggregate diagnostics labs, apart from offering other services, include Practo Technologies and Lybrate.

In January, Practo had raised $55 million in Series D funding led by China’s Tencent.


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