Sixth Sense Ventures makes its first health-tech bet, invests USD $ 3 million in MyHealthcare

MyHealthcare, a digital integrated healthcare ecosystem has raised USD 3 million from Sixth Sense Ventures, as part of its ongoing Series A fund raise. SixthSense is one of India’s leading consumer centric VC funds. MyHealthcare works with hospitals, diagnostics & speciality health institutions in building their digital health business. Theplatform works with private healthcare providers across India, in improving the accuracy, efficiency of healthcare delivery and enhancing their digital patient engagement.

“Over 30% of India’s population continues to have limited or no access to primary healthcare. Discrepancy between rural and urban healthcare is evident with 70% of the country’s healthcare infrastructure and speciality care remaining limited to top 20 cities and over 67% doctors present in the urban centres. Our endeavour is to build the digital healthcare delivery protocols in partnership with the best hospitals in the private health sector and work towards enhancement of primary and secondary public healthcare needs in partnership with national and state governments,” explains Shyatto Raha, Founder and CEO of MyHealthcare.

MyHealthcare has at its core a hospital enterprise collaboration platform – MyHealthcare SPINE, a HIPAA compliant middleware that integrates into various systems in the hospital such as the HIS, EMR, LIS, RIS-PACS, its pharmacy and offers user-friendly digital platforms forits doctors, nurses, paramedics and patients. Using data driven care processes, MyHealthcare isable to enhance patient engagement, improve the care continuum process and offer a holistic diagnosis to cure digital journey. The business has launched its first deep clinical AI offering– MyHealthcare AI, in partnership with one of India’s leading super speciality hospital.

Founded by Shyatto Raha, Aneesh Nair and Divya Laroyia, MyHealthcare began operations in January 2018, based out of Bangalore, Gurgaon and is now expanding their operations acrossSouth East Asia.

This is the first healthcare technology investment by Sixth Sense Ventures, India’s first domestic, consumer centric venture fund. It has made successful investments across multiple sectors such as retail, logistics, services and consumer products, to name a few.

MyHealthcare had raised USD $2 million in 2018, led by Hunch Ventures and Ajay Nanavati. The company is in the process of closing out its remainder fund raise activity over the nextcouple of months.

Client Associates Investment Banking (CAIB), acted as the exclusive financial advisor to the transaction. CAIB  is  a part  of  Client  Associates, the  leading  multi-family office firm.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s