AllTrak Raises INR 4.2 Crore In Pre-Series Funding Round Led By Inflection Point Ventures

AllTrak, a  B2B HealthTech platform, has successfully secured Rs 4.2 crore in a pre-series round led by Inflection Point Ventures, the company informed in a press statement on Thursday. The funding will be strategically directed towards team expansion, technological enhancements, and the expansion of logistics operations across various cities in India, the company's statement read.

Established in 2021 by industry veterans Amit Gupta and Tarun Sharma, AllTrak provides end-to-end solutions to diagnostic companies, encompassing a Technology SaaS platform, a nationwide shared logistics network, and a phlebotomist network. 

The statement from the company further informed that the funds raised will play a pivotal role in further strengthening AllTrak's technological infrastructure and expanding its logistics operations in multiple cities. Currently tracking and monitoring 7 lakh patient samples monthly, the platform's tech-enabled logistics network operates seamlessly in over 50 cities, including key metropolitan areas and tier 2 and tier 3 cities.

Amit Gupta, Founder & CEO, AllTrak, says, “India's GDP is all set to reach USD 5T by year 2027 and USD 10 by year 2035. 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 Indian diagnostic services market, valued at USD 14.57 billion in 2022 and USD 16.23 billion in 2023, is projected to reach USD 43.57 billion by FY32, according to a report by Polaris Market Research in March 2023. The strategic infusion of funds positions AllTrak for continued innovation and growth in this dynamic healthcare landscape.