MARKET REPORTS 

HealthPlix Technologies raises $6M financing led by JSW Ventures

New Delhi: New Delhi-based healthtech startup HealthPlix Technologies Pvt. Ltd has raised $6 million in a Series A round of funding from JSW Ventures and a few individual investors, it said in a statement.

In addition, Lohia Group has chosen to be an investor in HealthPlix and will distribute the startup’s home monitoring system as part of its initiative to improve nutrition.

HealthPlix, founded in 2017 by former JP Morgan banker Sumeet Arora, a Harvard graduate Vishal Chawla and former PricewaterhouseCoopers employee Chandan Dua, has developed a cloud-based intelligent home health platform for managing chronic diseases. The company said it will use the funds to ramp up the capabilities of its platform, including hiring senior-level executives.

Citing co-founder Vishal Chawla, the company’s stated strategy is to generate sales by “utilising technology to eliminate the paperwork and excess costs associated with healthcare, and provide better customer service to patients.” The company plans to reach 2 million consumers by 2020.

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