Get All Access for $5/mo

Enterprise Healthcare SaaS Startup THB Raises $20M in Growth Equity Round For Expansion THB said it will use the funds in expanding its operations globally and accelerating growth in existing countries across South Asia, Middle East and South East Asia.

By Sujata Sangwan

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Freepik

THB (Technology l Healthcare l Big Data Analytics), a Gurugram and Dubai-based enterprise healthcare SAAS startup, has raised USD 20 million funding in a growth equity round led by Filter Capital and Edelweiss Discovery Fund Series - I.

Cornerstone Venture Partners Fund (CSVP) and Healthquad, among others, also participated in the round.

In an official statement, THB said it will use the funds in expanding its operations globally and accelerating growth in existing countries across South Asia, Middle East and South East Asia.

"THB aims to provide its customers with a comprehensive suite of data use-cases, enabling them to fully leverage their healthcare datasets and achieve tangible growth," said Akansh Khurana, MD and Group CEO of THB.

THB serves large healthcare enterprises to drive digital, data, and technology adoption with their data management platform, and a suite of software solutions across 20+ use-cases, including patient engagement, doctor engagement, clinical customer relationship management, analytics automation, customer care automation, and real-world evidence. It was founded in 2015 by Akansh Khurana (a former Bain & Co executive), Rohit Kumar (ex analytics professional at American Express), Rajesh Pachar (ex Microsoft executive), Kritika Tandon (ex McKinsey consultant), and Dr Chirag Adatia (ex McKinsey Partner).

The firm currently serves a wide spectrum of customers in the healthcare industry, including hospitals, pharmaceutical companies, diagnostic labs, primary care, consumer health, payors, and medtech companies across markets in emerging Asia including India, Bangladesh, Sri Lanka, UAE, KSA, Indonesia, Singapore, and Malaysia.

THB currently serves over 150 healthcare enterprises across 10+ countries.

Nitin Nayar, Co-founder and Managing Partner of Filter Capital, said, "Akansh and team have built a strong product suite, demonstrated clear product-market fit, and served over 150 passionate customers across Asian markets."

"The company is playing a vital role in helping healthcare providers, pharma companies, and other healthcare segments to unlock the full potential of data. THB's suite of solutions empowers healthcare enterprises to efficiently grow and deliver effective customer experiences," stated Ashish Agarwal, Managing Partner, Private Equity, Edelweiss Asset Management.

Investec Capital and Antares Legal were the advisors to the transaction.

Sujata Sangwan

Former Sr. Correspondent

Sujata is an engineering graduate and has done her Post Graduation in Human Resource Management. She has a deep interest in startups, venture capitalists & technology. 
News and Trends

Recur Club Announces Credit Offerings for Startups Beyond Series A and SMEs

In FY 24–25, the platform also plans to deploy an additional INR 2000 crores through its Recur Swift program for startups.

News and Trends

Uber Launches Moto Women in Bengaluru, Connecting Female Riders with Female Drivers

Uber Moto Women aims to ensure safety with real-time trip sharing, anonymised contact details, and RideCheck monitoring for irregularities. It also offers 24x7 priority support via Uber's Safety Helpline for women riders and drivers.

News and Trends

Indian Venture Ecosystem Poised for Global Ascent: Recovery, IPO Resurgence, and 'Building for Bharat' to Define 2025

India's GDP is poised to scale from USD 4 trillion to USD 8 trillion over the next decade and will offer a playground that is remarkable for both founders and venture capital (VC) firms, said Pranav Pai, Founding Partner and CIO at 3one4 Capital.

News and Trends

Talent, Digital Infra, Policy, and Startups Driving India's GCC Ecosystem

By leveraging its demographic dividend and evolving policies, India is uniquely positioned to become the preferred choice for global enterprises seeking scalability, resilience, and a future-ready operational base.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

News and Trends

Key Cybersecurity Trends to Track as Threats Evolve

India has lost INR 11,333 crore to cyber fraud in just the first nine months of 2024. Nevertheless, with increasing cyber threats and public awareness, companies are taking proactive steps to safeguard their networks and devices.