The Hindu BusinessLine | 28 December 2023
The sector, previously buoyant from 2020 to 2022 due to heightened pandemic-related investments, is now undergoing a necessary correction, with unsustainable business models facing challenges
In 2023, the healthtech sector in India, home to over 10,000 companies, witnessed a notable funding decline to $682.7 million, down from $1.5 billion in 2022 owing to factors such as reduced late-stage investments, fewer funding rounds (from 247 to 103), and a decrease in average cheque size.
The sector, previously buoyant from 2020 to 2022 due to heightened pandemic-related investments, is now undergoing a necessary correction, with unsustainable business models facing challenges. Yash Sinha from BlackSoil, an alternative credit platform mentions a reassessment of investment outlook, emphasising the impact of exuberance in previous years.