January 17, 2021

ET Startup Awards 2020: Nominees for Healthcare Innovation, Midas Contact



Stepping up within the instances of a worldwide outbreak, pivoting enterprise fashions and bringing efficient healthcare options, these 5 startups have been shortlisted for the Healthcare Innovation class for The Financial Occasions Startup Awards 2020. A high-powered jury consisting of prime enterprise leaders, buyers and startup entrepreneurs will resolve the winners on a digital meet on August 20.

HEALTHCARE INNOVATION

Qure.AI

prashant-qure-bccl

Prashant Warier, CEO and co-founder, Qure.AI.



Based: 2016

Founders: Prashant Warier (CEO), Pooja Jay Rao

Based mostly: Mumbai

Key buyers: Sequoia Capital, MassMutual Ventures

What it does: Qure.ai develops deep-learning algorithms that interpret radiology photos. The corporate repurposed its product to detect for Covid-19 and quantify the proportion of lungs affected resulting from lesions, producing reviews in lower than a minute. It additionally developed an app for frontline well being care suppliers for contact monitoring and distant triaging of Covid-19 sufferers.

Mfine

mfine-founders-bccl

Prasad Kompalli and Ashutosh Lawania, co-founders of Mfine (L-R).



Based: 2017

Founders: Prasad Kompalli, Ashutosh Lawania

Based mostly: Bengaluru

Key buyers: Stellaris Enterprise Companions, SBI Group Japan, Beenext Singapore, Prime Enterprise Companions

What it does: Mfine is an AI-driven healthcare community providing on-line physician consultations. The corporate has launched a Covid-19 self-assessment instrument, together with the choice of a video session service, which has been utilized by over 60,000 individuals. It additionally presents companies for contaminated sufferers in house quarantine.

MyLab

hasmukh-mylab-bccl

Hasmukh Rawal, co-founder, MyLab.



Based: 2016

Founder: Hasmukh Rawal, Shailendra Kawade

Based mostly: Pune

Key buyers: Adar Poonawalla, Abhijit Pawar

What it does: MyLab is a biotechnology firm that produces molecular diagnostic detection kits. It grew to become the primary Indian agency to obtain business approval from the Central Medicine Customary Management Organisation to fabricate Covid-19 check kits.

MedGenome

sam-medgenome

Sam Santosh, co-founder, MedGenome.



Based: 2013

Founders: Mahesh Pratapneni and Sam Santosh.

Based mostly: Bengaluru

Key buyers: Emerge Ventures, Sequoia Capital, LeapFrog Investments, Zodius, Sofina Group

What it does: MedGenome is a genomics and scientific data-driven diagnostics and drug discovery analysis firm. It has partnered with Xcyton Diagnostics to undertake Covid-19 testing at its Bengaluru lab. It has additionally tied up with US-based SciGenom Analysis Basis to analyse DNA sequences and variation information from over 300,000 people to foretell susceptibility to Covid-19.

1mg

1mg-founders-bccl

Gaurav Agarwal, Prashant Tandon, and Vikas Chauhan, co-founders of 1mg (L-R).



Based: 2015

Founders: Gaurav Agarwal, Prashant Tandon, Vikas Chauhan

Based mostly: Delhi-NCR

Key buyers: Sequoia Capital, Maverick Ventures, HBM Healthcare Investments, Kae Capital, Omidyar Community India

What it does: 1mg is a web based healthcare supplier providing e-pharmacy, on-line session and diagnostic companies. It was among the many first corporations to introduce cell Covid-19 testing vans. It has labored with enterprises to construct a regular working process to cope with workers testing constructive for Covid-19 and has stepped up efforts to ship medicines house via its e-pharma unit.

ETSA-Trophy2020-x600

Additionally learn:
ET Startup Awards 2020: Nominees for Lady Forward, Social Enterprise

ET Startup Awards 2020: Nominees for Finest on Campus, Comeback Child

MIDAS TOUCH- Award for Finest investor

Encouraging and uplifting the rising startup ecosystem in India, these 5 entrants have been shortlisted for the Midas Contact class.

Kanwaljit Singh

kanwaljit-singh-bccl

Kanwaljit Singh, Founder and MD, Hearth Ventures.



Position: Founder and managing accomplice

Funding agency: Hearth Ventures

Based mostly: Bengaluru

Key investments: MamaEarth, Licious, Boat, Vahdam Tea

Funding technique: Singh was the cofounder of one in all India’s oldest enterprise companies, Helion Enterprise Companions, earlier than launching client brands-focused Hearth Ventures. Since 2017, Singh has efficiently raised two separate funds for Hearth.

Niren Shah

niren-shah-bccl

Niren Shah, MD, Norwest Enterprise Companions.



Position: MD

Funding agency: Norwest Enterprise Companions

Based mostly: Mumbai

Key investments: Swiggy, 5 Star Finance, Pepperfry, OfBusiness, Kishlay Snacks

Funding technique: Shah constructed Norwest right into a multi-stage fund that invests throughout personal and public markets. Shah has backed corporations throughout the web, fin companies, client, healthcare sectors.

Sudhir Sethi

sudhir-sethi-bccl

Sudhir Sethi, founder, Chiratae Ventures India.



Position: Founder

Funding agency: Chiratae Ventures India

Based mostly: Bengaluru

Key investments: Myntra, FirstCry, Curefit, Manthan Methods, Yatra, Newgen Software program

Funding technique: A former IT business senior govt, Sethi has been on the vanguard of enterprise capital investing in India. Sethi stands other than friends in his observe report of taking portfolio corporations, resembling Yatra and Newgen Software program, public and for his early bets on Myntra, adopted by Curefit.

Jishnu Bhattacharjee

jishnu-bhattacharjee-bccl

Jishnu Bhattacharjee, MD, Nexus Enterprise Companions.



Position: MD

Funding agency: Nexus Enterprise Companions

Based mostly: San Francisco

Key investments: Postman, Druva, H20.ai, Observe.ai, Minio, Helpshift

Funding technique: Bhattacharjee is among the many few Indian VCs to have noticed early on the cross-border SaaS and software program product ecosystems. Over the previous 12 years, he was in a position to clock 5 full exits. Postman, a collaboration platform for API during which he invested in 2015, is now valued at over $2 billion.

GV Ravishankar

gv-ravishankar-bccl

GV Ravishankar, MD, Sequoia Capital India.



Position: MD

Funding agency: Sequoia Capital India

Based mostly: Bengaluru

Key investments: Byju’s, Insurgent Meals, Prataap Snacks, 5 Star Finance, Rupeek

Funding technique: Ravishankar has had large wins from his early bets on training expertise startup Byju’s and Insurgent Meals, which runs the Faasos model. Centered on edtech, food-tech, direct-toconsumer manufacturers and monetary companies, he backed Byju’s in 2014 and right this moment the Bengaluru-based agency is valued at $10 billion.