The funds will be utilized towards team expansion, technology enhancement, and the logistics network.
AllTrak offers single-point patient data entry and integration across platforms via SaaS to reduce the turnaround time for diagnostics.
It operates in 50+ cities, engages with 3000+ healthcare professionals, and has over 200,000 monthly visits at 10,500+ pickup locations, collecting over 3,50,000+ patient samples per month.
Inflection Point Ventures (IPV) has so far invested over INR 650 crore across 200+ deals.
December 7, 2023, Delhi: AllTrak, a healthcare technology and logistics platform, has raised INR 4.2 crore in a pre-series Around led by Inflection Point Ventures. The funds will be allocated towards team expansion, technology enhancement, and logistics operations expansion across multiple cities in India.
AllTrak, a B2B HealthTech company, offers end-to-end solutions to diagnostic companies. AllTrak solutions include a technology SaaS platform, a pan-India shared logistics network, and a phlebotomist network for healthcare companies to serve their patients. Their ecosystem helps healthcare companies grow at a faster pace and creates a seamless solution for accelerated patient report turnaround. Their ecosystem empowers healthcare organizations, enhancing profitability, service quality, and client satisfaction.
AllTrak was established in 2021 by Amit Gupta and Tarun Sharma. The founders bring deep-domain expertise to the healthcare industry. Amit Gupta, an industry veteran with 20+ years of experience in building technology platforms, holds a B.Tech in Electronics and Telecommunication. He has worked in companies like General Motors, EDS, Computer Associates, ABN Amro, Capgemini, etc., and co-founder Tarun Sharma, with a degree in BCom from Delhi University, holds 15+ years of work experience in healthcare operations. Tarun has managed healthcare operations on a large scale at the pan-India level with a 3000+ fleet.
Vikram Ramasubramanian, Partner, Inflection Point Ventures, says, “Following the challenges posed by the COVID pandemic, we have collectively recognized the vital significance of the timely delivery of diagnostic healthcare samples that are essential for optimal patient care and effective treatment planning. The integrated approach designed by AllTrak helps overcome logistical bottlenecks, contributing to more effective and streamlined transportation and tracking for healthcare providers and ultimately contributing to the betterment of the industry. With its timely delivery, AllTrak is a category creator and leader, showing a promising future in the diagnostic healthcare market.”
AllTrak technologies platform tracks and monitors 7 Lac patient samples per month. The tech-enabled logistics network facilitates seamless healthcare operations in 50+ cities, including Delhi NCR, Mumbai, Pune, Bangalore, Hyderabad, Chennai, Kolkata, and many Tier 2 and Tier 3 cities. The platform has 5000+ registered healthcare professionals, tracks 5,00,000+ visits per month, and has 10,500+ networked pickup locations and centers.
AllTrak’s unique technology offering is used by healthcare companies that are among India’s top 10 companies.
Amit Gupta, Founder & CEO, AllTrak, says, “India GDP is all set to reach $5T by Y2027 and $10 by Y2035. Healthcare is going to be one of the important sectors for India to grow in. We want to grab this opportunity and build and offer a robust ecosystem for healthcare companies to grow. The support from IPV investors has helped us in our journey and our vision to revolutionize the healthcare industry. We appreciate the overall process for seamless deal flow.”
The Indian diagnostic services market was valued at USD 14.57 billion in 2022 and USD 16.23 billion in 2023 and is forecast to reach USD 43.57 billion by FY32 (as per a report published by Polaris Market Research in March 2023).
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