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KWIN City: Healthcare startups can cut healthcare costs, says Dr Devi Shetty

Economic Times

Economic Times · 12m ago

KWIN City: Healthcare startups can cut healthcare costs, says Dr Devi Shetty

Dr. Devi Shetty, chairman of Narayana Health, emphasized that integrating healthcare startups in the upcoming KWIN City near Bengaluru can make healthcare services more affordable through economies of scale. Speaking at the Global Investors Meet, he highlighted India's need for more medical professionals and infrastructure. KWIN City is envisioned as a training hub for healthcare professionals, catering to global demands. Additionally, the initiative aims to foster local job opportunities and infrastructure development, such as hotel rooms and schools.

Related News

ET CEO Roundtable 2025: Leaders to shape “The India Way” amid global uncertainty

Economic Times

Economic Times · 2m ago

ET CEO Roundtable 2025: Leaders to shape “The India Way” amid global uncertainty

India is navigating global uncertainties due to shifting dynamics, such as US tariff actions and geopolitical conflicts, presenting both challenges and opportunities. The Economic Times CEO Roundtable on December 11 will feature top business leaders discussing strategies to enhance India's self-reliance and resilience amidst global turbulence. Key participants include Sunil Bharti Mittal, Sajjan Jindal, Priya Nair, Uday Kotak, Lalit Keshre, and Dr. Devi Prasad Shetty. The discussion will focus on crafting a sustainable economic path for India.

Paytm may remove 5,000-6,300 employees, says report

Business Today

Business Today · 1y ago

Paytm may remove 5,000-6,300 employees, says report

Paytm, facing growing losses, plans to cut 5,000-6,300 jobs to save Rs 400-500 crore. In FY23, it had 32,798 employees, with 29,503 actively working. Employee costs rose by 34% year-on-year to Rs 3,124 crore. The company's net loss was Rs 550 crore in Q4. Despite challenges, Paytm aims to optimize costs and achieve profitability by FY26.

AIC T-Hub selects 20 startups for healthcare program’s 5th batch

Entrackr

Entrackr · 10m ago

AIC T-Hub selects 20 startups for healthcare program’s 5th batch

AIC T-Hub selects 20 startups for healthcare program’s 5th batch. Startup incubator T-Hub in collaboration with Atal Innovation Mission (AIM) has announced the launch of the 5th cohort of AIC T-Hub Healthcare Program. The program has selected 20 promising startups from a competitive pool of over 209 applications. As per T-Hub, this three-month hybrid program is designed to accelerate innovation in MedTech, digital health, and healthcare accessibility by providing startups with mentorship, market access, investor engagement, and regulatory guidance. Among the selected startups are Artyem Care, Bioscafil, Chqup, Cloud Palliative Care, Dag2IL, Epirelief, Dr. DICOM (GLOCAL DIGITAL), Kashi Medicos, Nahush Pharma, Oui Medical, Planytics, Reyansh Technologies, Sigma Mozak, Signel Biomedical, Skinska, Tap Health, thebabyland, TurocratesAI, 365Veda, and Warkas. These startups were selected based on their proof-of-concept readiness, technological innovation, regulatory compliance preparedness, market potential, and the strength of their founding teams. Through this program, startups will gain access to leading hospitals and healthcare institutions for real-world validation and pilot studies, ensuring their solutions are market-ready and clinically viable. Additionally, by engaging with venture capitalists, healthcare firms, and policymakers, startups will have opportunities to forge strategic partnerships and secure funding. Since its inception, AIC T-Hub has supported 53 healthcare startups across four previous cohorts in MedTech, digital health, and healthcare accessibility. These startups have collectively raised over Rs 60.46 crore in funding from investors and grants, facilitated more than 180 market access opportunities with hospitals, corporates, and healthcare institutions.

Gates Foundation Plans 500 Layoffs Despite $9B Budget

StartupTalky

StartupTalky · 24d ago

Gates Foundation Plans 500 Layoffs Despite $9B Budget

The Bill & Melinda Gates Foundation, despite a record $9 billion annual budget, plans to cut 500 jobs over the next five years as it prepares to shut down by 2045. The decision aims to redirect funds from operational costs to critical areas like healthcare, education, and women's welfare. Currently employing around 2,375 people, the foundation will gradually reduce its workforce to 1,875 by 2030, focusing on maximizing program impact rather than internal costs.

FM’s gift: Startups get a tax breather

Livemint

Livemint · 2y ago

FM’s gift: Startups get a tax breather

The interim budget has extended the deadline for startups, sovereign funds, and certain businesses in Gujarat International Finance Tec-City (GIFT-City) to claim tax breaks. Startups and investments by sovereign wealth or pension funds can now avail of tax benefits until 31 March 2025. Similarly, tax breaks for businesses in GIFT City have been extended until the same date. However, no extension has been granted to new manufacturing companies. The industry welcomed the extensions but expressed disappointment over the lack of benefits for new manufacturing units.

Healthcare startup Preventify raises Rs 2 Cr in pre-seed round led by PedalStart

Entrackr

Entrackr · 9h ago

Healthcare startup Preventify raises Rs 2 Cr in pre-seed round led by PedalStart

Healthcare startup Preventify has raised Rs 2 crore in a pre-seed funding round led by PedalStart. The round also saw participation from angel investors including Viren Shetty of Narayana Health, Jatin Kakrani of Dezy, founders of Supertails, founders of Agrizy, and senior executives from the healthcare sector. The proceeds will be used to build its first cluster of 10 clinics, expand chronic and lifestyle disease management programs, and strengthen its technology stack along with diagnostics and pharmacy integration. The firm follows a cluster-based expansion strategy to standardise care delivery and manage costs. Founded by Nirmal NR and Dr. Rakesh, Preventify operates a clinic-led healthcare model focused on preventive and chronic care delivery in tier-II and tier-III markets. The startup currently runs three clinics in Kerala and has served over 40,000 patients, according to the company. Preventify focuses on managing chronic conditions such as diabetes, hypertension, and respiratory diseases through protocol-driven care models. The startup combines in-clinic consultations with digital monitoring and structured follow-ups. Over the next 12–18 months, Preventify plans to scale its clinic footprint across Kerala and invest in clinicians, nurses, care coordinators, and central medical teams. It is also developing subscription-based managed care programs to improve continuity of care. PedalStart will work closely with Preventify as an accelerator partner, supporting the company on growth strategy, operational processes, and expansion planning.

MathWorks is an ally in accessibility, enabling healthcare startups to build solutions for rural India

YourStory

YourStory · 1y ago

MathWorks is an ally in accessibility, enabling healthcare startups to build solutions for rural India

In India, technological advancements in healthcare have predominantly been limited to urban areas, leaving rural regions with limited access to quality healthcare. However, healthtech startups leveraging technologies like telemedicine and AI are working to bridge this gap. The MathWorks Accelerator Program supports healthcare startups by providing free access to industry-proven software, technical expertise, and guidance from domain experts. Through this program, startups can develop innovative medical devices and solutions that cater to the needs of rural healthcare in India. Startups like iMedrix and PlebC Innovations have already made significant contributions in preventative cardiac care and accessible ultrasound procedures.

India is now doing Rs 66,000 crore of Space business, says Dr Jitendra Singh

IndianStartupNews

IndianStartupNews · 2y ago

India is now doing Rs 66,000 crore of Space business, says Dr Jitendra Singh

Dr. Jitendra Singh, Union Minister of State for Science & Technology, emphasized India's growing role in international collaboration across various sectors. He highlighted India's partnerships with countries like Russia and the United States, where India is seen as an equal partner, particularly in the space sector. Dr. Singh mentioned India's ambitious Gaganyaan mission and the participation of private enterprises in the space sector, calling it a "revolutionary shift." He also noted the increasing collaboration between the public and private sectors in India's space industry, leading to a surge in startups and innovations.

Amazon sees opportunity to lower costs in fulfillment network, CEO says

Economic Times

Economic Times · 1y ago

Amazon sees opportunity to lower costs in fulfillment network, CEO says

Amazon.com CEO Andy Jassy has stated that the company is looking to reduce costs in its fulfillment network. Following recent staff cuts in several divisions, Amazon aims to lower its cost to serve while also delivering faster for customers. Jassy emphasized that they have reevaluated every part of the network and identified areas where further cost reductions can be made. In recent months, Amazon has laid off hundreds of employees in divisions such as Amazon Web Services, Prime Video, healthcare, and Alexa. Shares of Amazon were down 1% in premarket trading.

Logistics startup Porter lays off 300-350 employees - The Economic Times

Economic Times

Economic Times · 3m ago

Logistics startup Porter lays off 300-350 employees - The Economic Times

Logistics startup Porter laid off 300-350 employees to cut costs as it considers a public listing. Founded in 2014, the company offers intra-city logistics services and achieved profitability in FY25 with a revenue of Rs 4,306 crore. The job cuts are part of a restructuring aimed at enhancing financial resilience. Porter recently secured significant funding, boosting its total investment to $300-310 million and achieving a valuation of $1.2 billion.

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