Outperformers Rankings 2025: Top 5 Start-Ups in the Health-Tech Segment

Mosaic Wellness

After co-founding a start-up in the food sector and investing in early-stage tech start-ups, Revant Bhate, then in his late 30s, realised that health was not a priority for many in India. Driven to make a difference, Bhate partnered with Dhyanesh Shah in 2019 to launch Mosaic Wellness, a digital healthcare platform designed to cater to a range of consumer needs.

The company’s first 18 months coincided with the different waves of the pandemic, but it had its task cut out: hiring and making people believe in its ambition.

Today, Mosaic Wellness stands out for its holistic six-dimensional approach, encompassing diagnosis, wellness coaching and habit tracking. This integrated model ensures that consumers feel valued.

Backed by consumer loyalty and robust investor support, Mosaic has successfully scaled up three brands in India: Man Matters, catering to men’s health, Bodywise, focusing on women’s wellness, and Little Joys, addressing the needs of parents with young children.

Ultrahuman

The Bengaluru-based company, founded in 2019, offers a range of health-tracking and monitoring devices, envisioning an integrated future.

Its product lineup includes the Ultrahuman Ring AIR, a light sleep-tracking wearable, Ultrahuman M1, a continuous glucose monitoring platform, Ultrahuman Home, a home health device that tracks environmental factors and Blood Vision, a preventive blood testing platform.

A key driver of Ultrahuman’s rapid growth is its presence in over 150 retail outlets worldwide, including iconic locations such as London’s Selfridges on Oxford Street, Singapore’s Changi Airport and Dubai’s Virgin Megastore. What sets it apart in the smart ring market is its ability to make long-term manufacturing investments, fuelled by its profitability.

Cureskin

In 2017, when his son needed treatment for a skin condition, Guna Kakulapati remembers the struggle to access reliable dermatological care. Frustrated by a lack of solutions, Kakulapati, who had a background in computer science, decided to merge his expertise in technology with skin science to create a breakthrough in skincare.

Partnering with Ramakrishna R, who pioneered AI-driven diagnostic and care capabilities and Charu Sharma, a dermatologist with deep expertise in skincare, Kakulapati co-founded CureSkin. Sharma now leads a team of over 50 dermatologists.

CureSkin leverages artificial intelligence to provide personalised diagnosis and continuous dermatological care for evolving skin and hair conditions.

From acne to hair fall, the app delivers customised solutions, redefining how users manage their skincare. CureSkin has so far treated over 15 lakh customers for conditions such as acne and hair loss. About 80% of the company’s existing users are in Tier-II and Tier-III cities.

Even

Since its inception in 2020, Even Healthcare’s mission has been to redefine what health insurance means in India. Unlike more traditional players, the health-care provider chose to address some of the industry’s long-standing misalignments. Offering in-app doctor consultations, unlimited outpatient department coverage and seamless payment flow, Even combines preventive care with well-managed services.

It operates its own clinics and is building hospitals to offer customers a holistic experience. Its emphasis on transparency and member health has resulted in renewal rates exceeding 90%.

Even plans to expand its clinics, and develop custom products over the next year. The company says it is guided by a commitment to “doing the right thing”.

BeatO

When childhood friends Gautam Chopra and Yash Sehgal faced personal battles with diabetes, they turned their challenges into a mission to help millions. In 2015, they launched BeatO, a platform designed to empower diabetes patients with tools, products and information to manage their health.

BeatO’s app offers a comprehensive ecosystem for diabetes management, including a glucometer for sugar level monitoring, personalised counsel by certified experts and a curated selection of products tailored to diabetic needs. Recognising that diabetes comes with complications such as high blood pressure and cholesterol, the platform extends its offerings to address these related concerns.

Shaping Up

Bold funding surges and growth pains are both part of India’s health-tech sector. These start-ups are tackling systemic inefficiencies, but the route to profitability is a steep climb