Healthcare-focused incubator HealthStart has decided to set up a new sector-focused angel network, that will make around 8-10 investments in a year with a size of Rs 1-2 crore with an exit period of around 2 years. The network is expected to be functional by June and its focus area in healthcare will be technology, mobile applications, chronic disease management, preventive healthcare and eCommerce.
The network will comprise of 100 professionals from domains like pharmaceutical, diagnostics, hospitals, devices as well as from the private equity and venture capital space as well as looking at people from India, US, Europe and Singapore.
HealthStart was founded in 2013, it has incubated 5 companies so far, and also plans to incubate 10-12 startups this year. Its existing portfolio includes Gympic, CarewayHealth, Elementia Wellness, Healthians and ObiNo.
Another incubator that is focusing on the Indian healthcare segment is Unitus Seed Fund’s Start Health Investment Programme. Earlier this month, Unitus seed fund invested $400,000 in online healthcare marketplace Medypal.