The Healthy Billion, (THB) a clinical research and data analytics start-up reportedly secured an undisclosed seed funding. The funding was raised by Ajith Sukumaran, who was formerly with Nokia and Apoorva Patni, son of Patni co-founders Ashok Patni who has set up Currae Healthtech Fund. Reportedly, Kanwaljit Singh, former MD of Helion Ventures and a current investor also participated in this funding round.
Patni evinced an early interest in healthcare technology and reportedly deployed INR 100 crore in the healthcare sector through Currae Healthtech Fund. Since 2015, Patni, has invested close to INR 10 crore in seven healthcare technology start-ups and has plans to expand portfolio.
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Set up in 2015, THB the healthcare analytics start-up combines clinical research and data analytics offering personalized healthcare to patients. THB’s technology platform THB Clinytics — helps track and analyze patient data offering seamless services. The platform also aggregates data from diagnostic labs and perform clinical research through its analytics platform THB Externalytics.
How does THB work?
According to their blog, there is tons of diagnostic data (data gleaned from labs) and patient data lying unused waiting for research and analysis. THB sources this aggregated and anonymized data, cleans it up, and restructures it for use. Their team of biostatisticians perform statistical analysis. Currently, the THB team is working on a slew of white papers to publish their findings.
Co-founder and CEO Akansh Khurana who was formerly with Bain, management consultancy firm reportedly revealed that the start-up is working on a series of algorithms to deliver smarter insights and personalized patient services.