Mumbai, September 12, 2024: Alyve Health, India’s fastest-growing healthtech platform, is pleased to announce its recognition in the fourth annual edition of Forbes Asia’s prestigious ‘100 to Watch’ list, which highlights 10 emerging companies that are going to make significant impacts in their sector. This recognition serves as further evidence of Alyve Health’s dedication to redefining and improving healthcare affordability and accessibility across the country.

Alyve Health has rapidly established itself as a leader in health technology by offering innovative, personalized health plans that cater to individual needs. The platform utilizes advanced data analytics and artificial intelligence to empower users, enabling them to make informed decisions about their health and wellness. The platform’s seamless integration of technology and healthcare services ensures that users receive comprehensive support tailored to their unique health journeys. With a growing user base and expanding service offerings, Alyve Health is well-positioned to lead the charge in the health-tech sector.

“We are happy to be featured in Forbes Asia’s ‘100 to Watch’ list, which reflects our commitment to reimagining healthcare in India,” said Shashank Avadhani, Co-founder and CEO of Alyve Health. “This accomplishment is a result of our team’s innovation and passion for improving everyone’s access to high-quality healthcare. We are excited to continue our journey of empowering individuals and organizations to take charge of their health through cutting-edge technology.”

The ‘100 to Watch’ list by Forbes Asia is a significant accolade that showcases the most promising companies across the region. Alyve Health’s inclusion in this list highlights its potential to shape the future of healthcare technology in Asia, making it a company to watch in the coming years. Alyve Health has successfully enrolled 400 Indian companies in its employee healthcare services, which encompass health plans and consultations focused on fitness and nutrition. This growth underscores Alyve Health’s commitment to enhancing employee wellness through accessible and comprehensive healthcare solutions.

In the past, Alyve Health has been honored with several prestigious awards, including the Healthcare Startup of the Year and the Healthy Lifestyle Startup of the Year for 2024, awarded by the IHW Council, as well as the Startup Trailblazer 2024 accolade from Dun & Bradstreet. In June, the company secured $5.5 million in Series A funding led by Axilor Ventures, raising its total funding to nearly $6.5 million.

As Alyve Health continues to innovate and expand, it remains dedicated to its mission of making healthcare more personalized and accessible for everyone. The company is excited about the future and looks forward to continuing its journey of transforming healthcare in India.

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Mumbai, September 12, 2024: Alyve Health, India’s fastest-growing healthtech platform, is pleased to announce its recognition in the fourth annual edition of Forbes Asia’s prestigious ‘100 to Watch’ list, which highlights 10 emerging companies that are going to make significant impacts in their sector. This recognition serves as further evidence of Alyve Health’s dedication to redefining and improving healthcare affordability and accessibility across the country.

Alyve Health has rapidly established itself as a leader in health technology by offering innovative, personalized health plans that cater to individual needs. The platform utilizes advanced data analytics and artificial intelligence to empower users, enabling them to make informed decisions about their health and wellness. The platform’s seamless integration of technology and healthcare services ensures that users receive comprehensive support tailored to their unique health journeys. With a growing user base and expanding service offerings, Alyve Health is well-positioned to lead the charge in the health-tech sector.

“We are happy to be featured in Forbes Asia’s ‘100 to Watch’ list, which reflects our commitment to reimagining healthcare in India,” said Shashank Avadhani, Co-founder and CEO of Alyve Health. “This accomplishment is a result of our team’s innovation and passion for improving everyone’s access to high-quality healthcare. We are excited to continue our journey of empowering individuals and organizations to take charge of their health through cutting-edge technology.”

The ‘100 to Watch’ list by Forbes Asia is a significant accolade that showcases the most promising companies across the region. Alyve Health’s inclusion in this list highlights its potential to shape the future of healthcare technology in Asia, making it a company to watch in the coming years. Alyve Health has successfully enrolled 400 Indian companies in its employee healthcare services, which encompass health plans and consultations focused on fitness and nutrition. This growth underscores Alyve Health’s commitment to enhancing employee wellness through accessible and comprehensive healthcare solutions.

In the past, Alyve Health has been honored with several prestigious awards, including the Healthcare Startup of the Year and the Healthy Lifestyle Startup of the Year for 2024, awarded by the IHW Council, as well as the Startup Trailblazer 2024 accolade from Dun & Bradstreet. In June, the company secured $5.5 million in Series A funding led by Axilor Ventures, raising its total funding to nearly $6.5 million.

As Alyve Health continues to innovate and expand, it remains dedicated to its mission of making healthcare more personalized and accessible for everyone. The company is excited about the future and looks forward to continuing its journey of transforming healthcare in India.

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The recent agreement between India and Singapore marks a significant step in healthcare collaboration in India. We at Alyve Health commend the MoU signed by Health Minister Jagat Prakash Nadda, which focuses on critical areas such as disease surveillance, maternal and child health, and the prevention of communicable and non-communicable diseases.

This partnership is not just a response to current health challenges; it is a strategic initiative aimed at building a resilient healthcare ecosystem capable of adapting to future needs. Improving maternal health and nutrition for children is essential, as nearly 35% of Indian children under five are stunted due to malnutrition. Access to innovative healthcare solutions can significantly bolster nutritional interventions and maternal care programs, ultimately leading to better health outcomes for mothers and children alike.

We recognize the importance of this collaboration in fortifying public health systems and enhancing patient outcomes. By leveraging Singapore’s advanced healthcare technology and best practices, we can enhance healthcare delivery in India, particularly in underserved rural areas. Alyve Health is committed to leveraging this partnership to meet the evolving health demands of our communities, contributing to a healthier future for all.

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Alyve’s health plans cover multiple healthcare journeys like doctor consultations, diagnostics, medicine purchases, dental procedures, gym memberships, and proactive well-being. The personalized plans, cashless experience and assured care across prevention & cure sets the brand apart. The Alyve Health platform is seamlessly integrated with payers (insurers, TPAs), intermediaries (brokers, financial institutions, digital platforms), and providers (clinics, diagnostic centers, fitness studios). The platform provides tailored solutions to multiple groups – employees, customers, and channel partners – and currently serves over 1 million members.

Founded by Shashank Avadhani, Sushant Roy, and Vineet Mehta in May 2020, Alyve Health was built with the vision to provide unparalleled coverage and simplify the health plan experience for its members.  The company has won several awards including Dun and Bradstreet’s LEAP India Trailblazer,  Integrated Health & Wellbeing (IHW) Council’s Healthcare Startup of the Year as well as the Healthy Lifestyle Startup of the Year.

“We are thrilled to secure more fuel for our growth,” said Shashank Avadhani, Co-founder & CEO at Alyve Health. “This investment empowers us to continue innovating on our product and technology. We are privileged to play a significant role in shaping the future of health plans.”

Sushant Roy, Co-founder, CBO & COO said, “Securing this funding marks a pivotal moment for our company. We thank our members, clients, partners, and investors, for backing us through this amazing journey”.

Vineet Mehta, Co-founder, and CTO at Alyve Health said “This funding will enable us to further fortify our platform and enhance our data, security, and AI capabilities.”

Prachi Sinha, Principal at Axilor, who led this investment, said, “Even for a mature product like IPD insurance, India struggles with not just poor coverage but also under coverage. With rising incomes and awareness, consumers are asking for offerings beyond just hospitalization benefits. In a market fraught with noise, Alyve’s customer-centric approach to enhancing the healthcare experience while offering tailor-made, high-utilization OPD services, gives the company the right to win. We have been early partners with Alyve and are proud to support them in their next stage of growth.”

Anil  Gudibande, Co-founder, of 1Crowd Fund, said,  ” Alyve Health is a unique technology venture in the insurance industry weaving an ecosystem of service providers and providing an assured experience to all stakeholders. With growing coverage, we believe that Alyve Health can help redefine health plans. 1Crowd is privileged to continue backing Shashank, Sushant, Vineet, and their team as they pioneer a new paradigm in the space”

Lavanya Bhamidipati, Principal at InHealth Ventures said, “ We are excited to support Alyve Health (our second investment in India) in their mission to democratize healthcare access and empower individuals to take charge of their well-being ”

Nilesh Kothari, Co-founder, and Managing Partner, Trifecta Capital “We are excited to partner with Alyve Health during this pivotal growth phase. Led by Shashank, Sushant, and Vineet, one of the most execution-focused founding teams in the ecosystem, Alyve Health is uniquely positioned to address the rising awareness of insurance and healthcare in India.

Alyve Health caters to individuals, employers, and other businesses, offering a comprehensive suite of preventive and medical care services designed to address the evolving needs of over 1 million users in India. Alyve Health’s user-friendly mobile app and web portal provide members with Customised Health Plans, Outpatient Medical Care, Cashless Payments, 24/7 Doctor Consultations, Diagnostic Scans, Annual Health Check-Ups, Habit Coaching, Lifestyle Improvement, and Personalized programs, empowering individuals to make sustainable changes for better health.

By leveraging technology and human expertise, Alyve Health aims to disrupt traditional healthcare models, offer a more customer-centric experience, and tailor healthcare plans to each individual’s unique needs and goals. The size of the Indian healthcare industry crossed $370 billion in 2020 and is expected to reach over $610 billion by 2026, as per the International Trade Administration report. Alyve Health recognizes the opportunity in the Indian healthcare industry, its focus area is corporates and modern workforces. It is trying to remove the complexities in providing comprehensive healthcare coverage to individuals and groups.

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