It has been four years since the pandemic swept the world and locked billions inside their homes. Despite the mayhem, the period turned out to be the driving force for the adoption of the internet and the allied digital ecosystem.

From online grocery deliveries to edtech, the pandemic era put several sectors into the high-growth trajectory. It was also the time during which quick commerce prospered and the edtech ecosystem had its dream run.

Not to mention, the pandemic exposed major cracks in the country’s healthcare system. However, many saw an opportunity to fix this with technology. As a result, the country saw a significant revamp in India’s healthtech space.

Such was the optimism that the homegrown healthtech space was being projected to become a $21 Bn market opportunity by 2025, growing from a mere $6.8 Bn in 2020.

Unfortunately, the market appears to have fallen way short of the forecast. While the Indian healthtech space has seen over 11,620 startups emerge since 2014, investors haven’t been too keen on this space.

According to Inc42’s ‘The State Of Indian Startup Ecosystem Report‘, healthtech startups raised a little over $7 Bn between 2014 and H1 2024 in 886 deals.

In comparison, the cumulative funding raised by Indian startups during this period........

© Inc42