Delhi: AllTrak, a healthcare technology and logistics platform, raised INR 4.2 Cr in a Pre-Series A round 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’s 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 faster 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 is an industry veteran with over 20 years of experience building technology platforms. Co-founder Tarun Sharma, with a degree in BCom from Delhi University, holds work experience of more than 15 years 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 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, 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 diagnostics healthcare market.”
AllTrak technologies platform tracks and monitors 7 Lakh patient samples per month. The tech-enabled logistics network facilitates seamless healthcare operations in more than 50 cities, including Delhi NCR, Mumbai, Pune, Bangalore, Hyderabad, Chennai, Kolkata and many tier 2 and 3 cities. The platform has over 5000 registered healthcare professionals, tracks more than 5,00,000 visits per month, and over 10,500 networked pickup locations/centres.
Amit Gupta, Founder & CEO of AllTrak, says, “India’s GDP is all set to reach $5T by Y2027 and $10T by Y2035. Healthcare is going to be one of the important sectors for India to grow. 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 the 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 forecasted to reach USD 43.57 billion by FY32 (per a report published by Polaris Market Research in March 2023).
