Indian Health Tech Startup Phable Raises $12 Million to Serve Patients With Chronic Conditions
By Manish Singh
Phable, a three-year-old health tech startup that is serving patients with chronic illnesses in India, has raised $12 million in a new financing round as it looks to scale in the world’s second most populated nation.
Manipal Hospitals, one of the largest healthcare providers in India, led the Series A round in Phable. Existing investor New Jersey-headquartered SOSV also participated in the round.
Hundreds of millions of people in India suffer from chronic diseases. One of the biggest challenges they face is the volume of transactions they have to manage each day. There are appointments with doctors and labs for tests, purchasing of medicines, medical devices and insurance, and keeping a log of their test results.
Photo courtesy of sergio santos.