India-born innovative enterprise startups are built from day one with the goal of competing on a global scale and landing customers in markets outside of India such as the U.S., Europe and other parts of Asia. Over the last few months, we’ve met with a number of impressive enterprise Indian startups in autonomous driving, data analytics, software as a service, logistics, blockchain and robotics, and look forward to actively assessing investment opportunities in the region.
Today, we are also announcing our first India investment in the digital health platform, Innovaccer, a startup working towards solving data interoperability challenges in healthcare and helping health systems enhance their clinical and financial outcomes with a data-first approach. The company was founded in India by a small 10-person team in 2014 and has grown rapidly, with over 300 employees across India and the U.S., with headquarters in Silicon Valley. Interoperability has been a healthcare industry-wide problem for years, and KLAS’ research indicates that majority of healthcare organizations are struggling to achieve true interoperability, which is negatively impacting care delivery on a very broad scale. Innovaccer helps simplify complex data from all points of care, streamline information and help organizations realize strategic goals based on key insights and predictions from their data. The platform offers data integration and care delivery for over 10,000 providers across 500 practice locations, including Hartford Healthcare, University of California, Mercy ACO Iowa, UniNet Healthcare Network of Nebraska, Inmediata Health Integrated Solutions of Puerto Rico, and StratiFi Health Network.