June 25, 2019
The accelerating adoption of advanced technologies and ‘mobile-first, digital-everything’ models across industries set high standards and almost unattainable consumer expectations. In the past decade, the healthcare industry in India has been strongly impacted by the transformative force of technology, expanding access to millions in the urban and rural population of the country.
As India rapidly transforms into a major digital economy – courtesy the ever-increasing smartphone adoption and rapidly evolving innovation ecosystem fueled by entrepreneurial take on real-world problems – now is the time to embrace and facilitate the digital revolution in the Indian healthcare industry.
With this mission, Apollo Munich Health Insurance takes on the unique challenge and opportunity to provide superior customer service to the large Indian population by continuously improving its operational efficiency.
As the next step towards their mission of Making India Health Confident, Apollo Munich Health Insurance launched its first-ever accelerator program, InspireNext, to embark on a journey of sourcing and adopting innovations by partnering with early-stage disruptive “healthcare meets FinTech” startups. With this step, Apollo Munich Health Insurance wanted to address areas of opportunities within their key business units (BU) by developing innovative products.
The main objectives of InspireNext are to engage with new-age innovative startups that can enable Apollo Munich Health Insurance to:
We’ve always felt, the best way to introduce our readers to innovative startups’ work is to let those who built the companies speak for themselves. In line with this, we conducted thorough interviews with all seven of the startups that are a part of InspireNext. Through these conversations, we hope to provide readers with not only an overview of the innovation within the Indian startup ecosystem but also interesting insights into the work these startups are engaged in; not to mention, their experience of the InspireNext program.
Accordingly, we came up with three questions that we posed to all the seven startups:
The fascinating responses we received helped us construct an image of the present day’s startup ecosystem in India, and also served as a testimony for the transformational nature of the InspireNext program.