connectedh funding: ConnectedH raises $2.3 million in seed funding from Kalaari, others

connectedh funding: ConnectedH raises $2.3 million in seed funding from Kalaari, others


Mumbai: ConnectedH, a healthtech startup that connects diagnostics centres, has raised $2.3 million in a seed funding round led by Kalaari Capital and Incubate Fund India.

A clutch of angel investors—including Kunal Shah of Cred, ShareChat’s Farid Ahsan, and Roman Saini and Gaurav Munjal of Unacademy—as well as existing investors First Cheque and Point One Capital participated in the fundraising. The capital will be used to develop new products and ramp up sales, as well as for further expansion in Delhi NCR.

Founded in 2018 by Shubham Gupta, Rahul Kumar and Suresh Singh, ConnectedH is a full stack enabler for diagnostic centres—helping them focus on testing while taking care of all other aspects. The healthtech startup provides solutions like customer relationship management, online reports and on-demand phlebotomists to diagnostics partners.

“The diagnostics sector has been insulated from all the tech advancements over the past decade. However, with growing competition and increasing patient expectations, there is an organic shift to adopt tech solutions,” said Gupta.

According to Kumar, ConnectedH grew 10X over the past year and, “this round will help accelerate the company’s efforts to create a technology-driven platform for diagnostics”.

“We are strong believers in ConnectedH’s vision to build a full-stack platform for diagnostic labs in India. The diagnostics industry in India is a $10-billion highly fragmented market with only a few organised players,” said Kiran Vasireddy, partner at Kalaari Capital. “ConnectedH is providing all the relevant tools to help the small and medium diagnostic labs go digital.”

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There are more than 100,000 diagnostics centres in India, out of which only 15% or less are operating in the organised market. That leads to non-existent patient relationships with very poor customer experience, the company said.

Since it is fragmented and not digitised, the diagnostics industry is inefficient in India, said Nao Murakami, partner at Incubate Fund India. “ConnectedH is solving this by empowering diagnostics centres with technology implementation. It is beneficial both for diagnostic centres and patients.”



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