By Health In Five Writer
FHealth Accelerator has announced the launch of the first batch of its accelerator program which started on 26th July. The start up accelerator has been designed to support and accelerate the growth of healthcare focused start-ups in their early revenue stages.
The accelerator plans to deploy over USD 1.5 mn across 8-10 companies over 3 batches in FY 23. The accelerator program is backed by Vaidya Sane Ayurved Laboratories also popularly known as “Madhavbaug”. Along with capital, the accelerator will provide advice and mentorship, support and opportunities to leverage their distribution network, research facilities and access their more than 1 lakh active patients base.
The focus is on start ups that work in the areas of D2C, home healthcare, telemedicine , patient centric innovations, medtech and digital therapeutics. The accelerator is based in Mumbai, but inviting applications from all over India
The groups recent strategic investment into Raphacare, a digital health diagnostic care company helped the company expand its user base and access Tier II & III markets, and set the tone for the launch of the accelerator
Orange Health Digital (OHD) will drive FHealth’s evaluation program and select the investees. OHD’s founder Divej Wadhwa, will take over as CEO of the accelerator program.