Health insurance company Oscar announced that it has closed a $225mn funding round. The round positions Oscar to continue growth off of a $2 billion revenue base and puts the company on a path to further advance its mission. The latest fundraising round saw participation from many existing investors, including Alphabet, General Catalyst, Khosla Ventures,…
Indian drugmaker Cipla recently announced that it will acquire a 21.85% stake in health-tech startup GoApptiv in an all cash deal. This is reportedly Cipla’s second bet on any digital healthcare startup since last year. In a stock-exchange filing, the company said it will acquire a 21.85% stake in GoApptiv for a cash consideration of…
Bengaluru-based health-tech startup HealthPlix recently said that it has raised $6mn in Series B funding round. The funding round was led by a new investor in the company, JSW Ventures. JSW Ventures is the venture capital arm of Jindal family-backed JSW Group. The funding round also saw participation from existing investors like Chiratae Ventures and…
As the nationwide lockdowns continue, gym and fitness centers across the country remain closed piling up losses for the company that operates them or owns them. In an attempt to tide over the coronavirus crisis, health and fitness startup Cure.fit recently announced that it has decided to lay off trainers and downsize operations in several…
Chicago-based HealthJoy recently announced that it has raised $30mn in Series C funding round led by Health Velocity Capital. Existing investors U.S. Venture Partners, Chicago Ventures and Epic Ventures also participated in the funding round. With the latest infusion of funds, HealthJoy’s total funding so far stands at $53mn. The company plans to use the…
Health and fitness start-up CureFit is set to receive an investment of $100 million. As per a Mint report, Singapore’s government-owned investment firm Temasek is reportedly in talks with CureFit to invest $100mn. The transaction is expected to conclude in the next six to eight weeks. It is understood that the Singapore-based investment firm has…
The healthcare technology industry is expected to become mature and stable by the end of Financial Year (FY) 2013, with an expanding net margin and steady Selling and General Administrative (SG&A) expenses. The increasing cash reserves in the industry highlight the possibilities of mergers and acquisitions. New analysis from Frost & Sullivan – Financial Assessment…