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Bangalore –Based Incubator And VC To Invest In 5 Healthcare Startups This Year Size of each investment including follow-on funding will range between $500,000 and $2,000,000.

By Sneha Banerjee

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Bangalore-based incubator and venture capital firm Venture Factory is launching of VF-Healthcare program. The program will focus exclusively on the healthcare sector in India.

As a part of this program, Venture Factory will fund up to 5 startups this year. The size of each investment including follow-on funding will range between $500,000 and $2,000,000.

Venture Factory has also entered into strategic partnerships with Practo, Cloudnine and Plan India (the Indian chapter of Plan International), in order to build an eco-system, which would provide its healthcare focused startups access to doctors, healthcare professionals, patients and various areas of need across the healthcare spectrum ranging from on-the-ground touch points to cloud based services and products.

Venture Factory was launched by i2india in 2013, after nearly 4 years of experimenting with various venture-building models for India. Over the last 3-4 years, Venture Factory has raised nearly $10 million in funds. The firm mainly looks for operational knowledge

The VF-Healthcare program is uniquely designed to enable and stimulate early stage innovation and entrepreneurial success in the healthcare sector in India. As a part of this program, the startups, Venture Factory and our strategic partners will work very closely to create a strong and positive impact on the ground.

According to Tracxn data, over $338 million has been invested in Consumer Healthcare sector since 2009. Recently this space has seen exponential growth in funding with $285M invested since 2015 in 81 deals. Healthcare delivery solutions for doctors have seen maximum activity with more than $159M of funding in 33 rounds since 2009. Out of 841 companies, 87 companies are funded as of April 2016.

Sneha Banerjee

Entrepreneur Staff

Former Staff, Entrepreneur India

She used to write for Entrepreneur India from Bangalore and other cities in South India. 

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