India is positioned on fourth number globally for venture capitalist (VC) investment in the health tech space. The country has attracted $1.9 billion in funding from VCs in the health tech segment, putting India just behind the United States (US), China, and the United Kingdom (UK). The investment has surged 10 times over the last five years.
India and the UK are among the fastest-growing countries for healthcare investment. Mumbai and London are listed in the top 15 global destinations for health tech investment. Mumbai-based health tech space has attracted $1.2 billion from VCs, growing 121 times from $100 million in 2016.
The number of key funding rounds has also surged, with PharmEasy raising $1.04 billion in three funding rounds and Star Health raising $164 million in an equity round. The COVID-19 pandemic has accelerated technological advancement and innovation in the healthtech space.
