News

2070 Health raises $30M to create ‘futuristic’ healthcare in India

2070 Health plans to launch 15 to 20 healthcare companies over the next five years

• By Pooja Chaturvedi Sah
• New Delhi
• Jun 07, 2023

News

2070 Health, an India-based healthcare venture studio, has raised  US$30 million in seed funding from Boston-based W Health Ventures, a prominent healthcare-focused Venture Capital fund.

Founded by Dr. Pankaj Jethwani in October 2022, the venture studio said it will deploy the capital to build the 2070 Health platform. Part of the capital will be used to launch a platform that will build healthcare companies from scratch to make high-quality healthcare more accessible and affordable in India, the company said in a release.

“The healthcare industry is slow to change, relationship-driven, highly regulated, and complex to navigate for new entrants. As a result, building healthcare companies in India is particularly hard. The rules of building fast-paced technology start-ups seldom apply when you’re dealing with people’s lives and the resulting need for regulation,” said Sunil Wadhwani, Serial Technology Entrepreneur and President of W Health Ventures. “We invested in 2070 Health to address these challenges that founders face while innovating in healthcare. Via companies launched by 2070 Health, we aim to impact the future of healthcare for one billion Indians over the next decade”.

According to 2070 Health, the venture creation platform will combine validated and de-risked venture ideas, experienced and driven founders, and a cross-functional team. 

The platform will also help the founders test, launch, and iterate on their ideas, giving them a greater chance of success than if they were trying to do this on their own, the company said in a statement.

The venture Studio follows a stringent validation process involving hundreds of conversations with doctors and patients, clinical studies, and go-to-market experiments to arrive at a solution. Post the initial approval, 2070 Health deploys various playbooks across clinical development, product, marketing, omnichannel growth, and enterprise partnerships.

Dr Pankaj Jethwani, CEO of 2070 Health said, “We are developing these playbooks leveraging the team’s decades of experience building healthcare, technology, and consumer companies. The goal is to scale our companies faster, better, and cheaper than traditional start-ups in the riskiest early months of company building.”

2070 Health has launched three companies in the past nine months: ElevateNow, Nivaan Care, and Reveal HealthTech.