AllTrak, a B2B HealthTech platform, has successfully raised INR 4.2Cr in a pre-series A funding round. The investment, spearheaded by Inflection Point Ventures (IPV), is poised to fuel AllTrak’s ambitious plans for team expansion, technology enhancement, and logistics operations across multiple cities in the country.
Founded in 2021 by industry veterans Amit Gupta and Tarun Sharma, AllTrak has emerged as a key player in providing end-to-end solutions to diagnostic companies. This includes a Technology SaaS platform, a pan-India shared logistics network, and a dedicated phlebotomist network, creating a seamless ecosystem for healthcare organizations.
The funding injection comes at a pivotal moment, with AllTrak playing a crucial role in overcoming logistical challenges exacerbated by the Covid-19 pandemic. Vikram Ramasubramanian, Partner at Inflection Point Ventures, lauded AllTrak’s integrated approach, emphasizing its role in contributing to effective transportation and tracking for healthcare providers. He sees AllTrak as a category creator and leader, positioning the company for a promising future in the diagnostics healthcare market.
AllTrak’s technology platform currently monitors a staggering 7 Lac patient samples per month, showcasing its scalability and impact on the healthcare sector. The tech-enabled logistics network operates seamlessly in over 50 cities, including major metropolitan areas and tier 2 and tier 3 cities. With over 5000 registered healthcare professionals and 10,500 networked pickup locations/centres, AllTrak has firmly established itself as a reliable partner for top-tier healthcare companies in India.
Amit Gupta, Founder & CEO of AllTrak, expressed optimism about India’s growing healthcare sector. With the country’s GDP projected to reach $5 trillion by 2027 and $10 trillion by 2035, Gupta highlighted healthcare as a pivotal industry for India’s overall growth. He underscored AllTrak’s commitment to leveraging this opportunity and building a robust ecosystem for healthcare companies to thrive.
The funding round not only reflects confidence in AllTrak’s vision but also acknowledges the critical role the company plays in addressing the evolving needs of the Indian healthcare industry. As the Indian diagnostic services market continues to expand, reaching USD 16.23 billion in 2023 and projected to hit USD 43.57 billion by FY32, AllTrak stands ready to make a lasting impact on the industry.
About AllTrak
AllTrak, established in 2021, is a B2B HealthTech startup dedicated to building an ecosystem for healthcare companies. The platform provides a healthcare technology SaaS platform and a logistics network at a pan-India level.
About Inflection Point Ventures & Physis Capital
Inflection Point Ventures (IPV) serves as an angel investing platform, boasting over 9600 CXOs, HNIs, and professionals united in their commitment to investing in startups. IPV supports new-age entrepreneurs by providing both monetary and experiential capital, connecting them with a diverse group of investors. The recent launch of a $50 million CAT 2 AIF, Physis Capital, further solidifies IPV’s commitment to investing in pre-Series A to Series B growth-stage startups.
