AllTrak, a healthcare technology and logistics platform, has raised Rs 4.2 crore 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, B2B HealthTech company, offers end-to-end solution to diagnostic companies. AllTrak solutions include Technology SaaS platform, pan-India shared logistics network and phlebotomist network to healthcare companies to serve their patients.
Their ecosystem helps healthcare companies to grow at 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 in 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 such as General Motors, EDS, Computer Associates, ABN Amro, Capgemini etc., and Co-founder Tarun Sharma with a degree in BCom from Delhi University has mire than 15 years of experience in healthcare operations.
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 seven 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 tier 3 cities.
Amit Gupta, Founder & CEO, AllTrak, says, “India GDP is all set to reach at US$5T by Y2027 and US$10 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 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 (as per a report published by Polaris Market Research in March 2023).