New Delhi:
Healthtech startup THB Friday said it has raised $20 million in a growth-stage and equity-based funding round led by Filter Capital and Edelweiss Discovery Fund Series-I. Other investors included Cornerstone Venture Partners Fund (CSVP) and Healthquad, the statement said.
THB, which stands for technology, healthcare and big data analytics, said it will use the fresh capital to expand its operations globally and accelerate growth in existing markets across South Asia, the Middle East and Southeast Asia.
The Gurgaon-based startup enables large healthcare enterprises to drive digital, data and technology adoption with its data management platform and a suite of software solutions across over 20 use cases including patient engagement, doctor engagement and real-world evidence.
Founded in 2015, THB serves customers in the healthcare industry, including hospitals, pharmaceutical companies, diagnostic labs, primary care, consumer health, payers and med-tech companies across 10 countries including India, Bangladesh, Sri Lanka and Malaysia.
The company is led by Akansh Khurana, a former Bain & Company executive, Rohit Kumar, a former analytics professional at American Express, Rajesh Pachar, a former Microsoft executive, Kritika Tandon, a former McKinsey consultant, and Dr Chirag Adatia, a former McKinsey partner.
THB employs over 300 software and data engineers, doctors, consultants, and analysts who provide clinical insight and measurable outcomes to its enterprise customers.
“Over the last few years, we have seen some of the big healthcare giants take a leap here, and companies and governments across the globe are adopting or evaluating this opportunity,” Adatia, the company’s India and established business CEO, said. Investec Capital and Antares Legal acted as the advisors on the deal.
